Analyst Ratings for Rackspace Tech
Portfolio Pulse from Benzinga Insights
Rackspace Tech (NASDAQ:RXT) has received mixed analyst ratings in the last quarter, with an average 12-month price target of $1.79, which is a slight increase from the previous target of $1.75. The ratings include 1 somewhat bullish, 1 indifferent, 1 somewhat bearish, and 1 bearish rating. The high price target is $3.50 and the low is $1.00.
November 20, 2023 | 8:00 pm
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NEUTRAL IMPACT
Rackspace Tech has a new average analyst price target of $1.79, up from $1.75, with mixed ratings from analysts over the past quarter.
The mixed analyst ratings with a slight increase in the average price target suggest a neutral short-term impact on RXT's stock price. The presence of both bullish and bearish sentiments indicates uncertainty, which typically leads to a neutral market reaction.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100