Rackspace Technology shares are trading higher after UBS raised its price target on the stock from $2.1 to $2.3.
Portfolio Pulse from Benzinga Newsdesk
Rackspace Technology shares are trading higher after UBS raised its price target on the stock from $2.1 to $2.3.
August 16, 2024 | 7:25 pm
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Rackspace Technology shares are trading higher after UBS raised its price target on the stock from $2.1 to $2.3.
The increase in the price target by UBS is a positive signal to investors, suggesting that the stock is expected to perform better than previously anticipated. This typically leads to a short-term increase in stock price as investor sentiment improves.
CONFIDENCE 90
IMPORTANCE 80
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