Rackspace Technology, Inc. (RXT) Stock: Do Analysts Think You Should Accumulate?

Analysts who follow Rackspace Technology, Inc. (RXT) on average expect it to climb 25.78% over the next twelve months. Those same analysts give the stock an average rating of Hold. That average rating earns RXT an Analyst Ranking of 3, which means it ranks higher than 3 of stocks, based on data compiled by InvestorsObserver.

Wall Street analysts are rating RXT a Hold today. Find out what this means to you and get the rest of the rankings on RXT!

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Why are Analyst Ratings Important?

Analysts know the inner workings of the companies they follow better than anyone but the companies’ management. You can learn a lot about a company from studying the financial statements, but analysts ask questions on conference calls and understand the intricacies of each of the businesses they cover. Analysts understand how bad weather in one part of the world can disrupt supply chains, or disrupt shopping patterns. This lets traders make decisions before a quarterly report that could be worse than expected. InvestorsObserver aggregates the ratings of all the analysts covering a given stock, takes the average of those ratings and then percentile ranks the averages. That provides a level of granularity that is significantly better than just the three levels provided by traditional buy/hold/sell ratings.

What's Happening With Rackspace Technology, Inc. Stock Today?

Rackspace Technology, Inc. (RXT) stock is trading at $1.61 as of 10:06 AM on Monday, Mar 18, an increase of $0.01, or 0.94% from the previous closing price of $1.59. The stock has traded between $1.57 and $1.64 so far today. Volume today is light. So far 233,782 shares have traded compared to average volume of 1,739,348 shares. Click Here to get the full Stock Report for Rackspace Technology, Inc. stock.