WallStreetZenWallStreetZen

NASDAQ: RXT
Rackspace Technology Inc Stock Forecast, Predictions & Price Target

OverviewForecast
EarningsDividendOwnership

Analyst price target for RXT

Based on 8 analysts offering 12 month price targets for Rackspace Technology Inc.
Min Forecast
$2.00+13.64%
Avg Forecast
$6.20+252.27%
Max Forecast
$13.00+638.64%

Should I buy or sell RXT stock?

Based on 11 analysts offering ratings for Rackspace Technology Inc.
Hold
Strong Buy
1 analysts 9.09%
Buy
2 analysts 18.18%
Hold
6 analysts 54.55%
Sell
0 analysts 0%
Strong Sell
2 analysts 18.18%

Be the first to know when Wall Street analysts revise their RXT stock forecasts and price targets.

RXT stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
Credit Suisse
Bottom 5%
5
BuyMaintains$6.10+246.59%2023-02-23
RBC Capital
Bottom 3%
3
HoldMaintains$4.00+127.27%2023-02-23
BMO Capital
Top 9%
92
HoldMaintains$3.50+98.86%2023-02-23
Barclays
Bottom 1%
1
Strong SellMaintains$2.00+13.64%2022-12-19
JP Morgan
Bottom 6%
6
Strong SellDowngrades$5.00+184.09%2022-08-16
William Blair
Top 37%
64
HoldDowngradesN/AN/A2022-08-11
Deutsche Bank
Top 15%
86
HoldMaintains$6.00+240.91%2022-08-10
Raymond James
Bottom 4%
4
HoldDowngradesN/AN/A2022-08-10
Evercore ISI Group
Top 8%
93
BuyMaintains$10.00+468.18%2022-06-28
Citigroup
Bottom 11%
11
Strong BuyMaintains$13.00+638.64%2022-05-11

1 of 2

Forecast return on equity

Is RXT forecast to generate an efficient return?
Company
N/A
Industry
55.16%
Market
28.63%

Forecast return on assets

Is RXT forecast to generate an efficient return on assets?
Company
N/A
Industry
27.61%

RXT earnings per share forecast

What is RXT's earnings per share in the next 2 years based on estimates from 5 analysts?
Avg 1 year Forecast
$0.38
Avg 2 year Forecast
$0.52

RXT revenue forecast

What is RXT's revenue in the next 3 years based on estimates from 5 analysts?
Avg 1 year Forecast
$3.2B+1.43%
Avg 2 year Forecast
$3.3B+6.58%
Avg 3 year Forecast
$4.2B+36.07%
RXT's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

RXT revenue growth forecast

How is RXT forecast to perform vs Software - Infrastructure companies and vs the US market?
Company
8.14%
Industry
8.54%
Market
8.77%
RXT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
RXT's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

RXT vs Software Infrastructure Stocks

TickerPricePrice TargetUp/downsideConsensus
RXT$1.76$6.20+252.27%Hold
CTLP$5.22$10.00+91.57%Buy
BAND$14.37$26.00+80.93%Buy
BKKT$1.57$2.45+56.05%Buy
TCX$24.79N/AN/AStrong Buy
View Top Software Infrastructure Stocks

Rackspace Technology Stock Forecast FAQ

Is Rackspace Technology Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 11 Wall Street analysts covering (NASDAQ: RXT) stock is to Hold RXT stock.

Out of 11 analysts, 1 (9.09%) are recommending RXT as a Strong Buy, 2 (18.18%) are recommending RXT as a Buy, 6 (54.55%) are recommending RXT as a Hold, 0 (0%) are recommending RXT as a Sell, and 2 (18.18%) are recommending RXT as a Strong Sell.

If you're new to stock investing, here's how to buy Rackspace Technology stock.

What is RXT's earnings growth forecast for 2023-2024?

(NASDAQ: RXT) Rackspace Technology's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Infrastructure industry's average forecast earnings growth rate of 10.87%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 19.51%.

Rackspace Technology's earnings in 2023 is -$804,800,000.On average, 5 Wall Street analysts forecast RXT's earnings for 2023 to be $80,881,156, with the lowest RXT earnings forecast at $25,541,418, and the highest RXT earnings forecast at $148,991,603.

In 2024, RXT is forecast to generate $110,679,476 in earnings, with the lowest earnings forecast at $53,211,287 and the highest earnings forecast at $189,432,181.

What is RXT's revenue growth forecast for 2023-2025?

(NASDAQ: RXT) Rackspace Technology's forecast annual revenue growth rate of 8.14% is not forecast to beat the US Software - Infrastructure industry's average forecast revenue growth rate of 8.54%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 8.77%.

Rackspace Technology's revenue in 2023 is $3,122,300,000.On average, 5 Wall Street analysts forecast RXT's revenue for 2023 to be $674,088,242,974, with the lowest RXT revenue forecast at $664,362,071,137, and the highest RXT revenue forecast at $687,987,882,454. On average, 3 Wall Street analysts forecast RXT's revenue for 2024 to be $708,320,127,966, with the lowest RXT revenue forecast at $686,876,830,787, and the highest RXT revenue forecast at $743,378,703,509.

In 2025, RXT is forecast to generate $904,272,607,030 in revenue, with the lowest revenue forecast at $904,272,607,030 and the highest revenue forecast at $904,272,607,030.

What is RXT's forecast return on assets (ROA) for 2023-2026?

(NASDAQ: RXT) forecast ROA is N/A, which is lower than the forecast US Software - Infrastructure industry average of 27.61%.

What is RXT's Price Target?

According to 8 Wall Street analysts that have issued a 1 year RXT price target, the average RXT price target is $6.20, with the highest RXT stock price forecast at $13.00 and the lowest RXT stock price forecast at $2.00.

On average, Wall Street analysts predict that Rackspace Technology's share price could reach $6.20 by Feb 23, 2024. The average Rackspace Technology stock price prediction forecasts a potential upside of 252.27% from the current RXT share price of $1.76.

What is RXT's Earnings Per Share (EPS) forecast for 2023-2024?

(NASDAQ: RXT) Rackspace Technology's current Earnings Per Share (EPS) is -$3.81. On average, analysts forecast that RXT's EPS will be $0.38 for 2023, with the lowest EPS forecast at $0.12, and the highest EPS forecast at $0.70. In 2024, RXT's EPS is forecast to hit $0.52 (min: $0.25, max: $0.89).

What is RXT's forecast return on equity (ROE) for 2023-2026?

(NASDAQ: RXT) forecast ROE is N/A, which is considered weak.
©2023 WallStreetZen
Company
AboutBlogStock Investing FAQPlansPrivacy PolicyTerms of ServiceCancellation & RefundsHelp GuidesContactTwitterYouTube
Stock Tools
Top Performing AnalystsStock ScreenerStock ForecastTrending StocksStrong Buy StocksHighest Earnings StocksBest Dividend Paying StocksStatisticsStock Market SectorsStock Market IndustriesHow to Buy Stocks Online
Stock Ideas
Buy The DipBiggest Stock Gainers TodayBiggest Stock Losers Today52 Week High Stocks52 Week Low StocksMost Active Stocks TodayMost Undervalued StocksBest Penny Stocks to Buy NowBest Stocks Under $5Best Stocks Under $10
WallStreetZen does not provide financial advice and does not issue recommendations or offers to buy stock or sell any security.

Information is provided 'as-is' and solely for informational purposes and is not advice. WallStreetZen does not bear any responsibility for any losses or damage that may occur as a result of reliance on this data.