<div id="readability-page-1"><p>Shares of Rackspace Technology, Inc. (NASDAQ:RXT - Get Free Report) have been assigned an average recommendation of &#34;Reduce&#34; from the six ratings firms that are presently  covering the stock, Marketbeat reports. Two analysts have rated the stock with a sell rating and four have assigned  a hold rating to  the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $1.5125.</p><div><p><span></span><span>Get <strong>Rackspace Technology</strong> alerts:</span></p></div><ul><li>The 10 Top-Rated Stocks by Wall Street Analysts in August 2021</li></ul><p>A number of equities analysts have weighed in on the stock. Weiss Ratings  reaffirmed a &#34;sell (d-)&#34; rating on shares of Rackspace Technology in a research note on Wednesday, October 8th. Wall Street Zen raised Rackspace Technology from a &#34;sell&#34; rating to a &#34;hold&#34; rating in a research report on Saturday, September 20th. Finally, Royal Bank Of Canada reduced their target price on Rackspace Technology from $2.00 to $1.75 and set a &#34;sector perform&#34; rating on the stock in a report on Monday, November 10th.</p><p><b>View Our Latest Report on Rackspace Technology</b></p><h2>Rackspace Technology Price Performance</h2><ul><li>The 10 Top-Rated Stocks by Wall Street Analysts in June 2021</li></ul><p>Shares of NASDAQ:RXT opened at $1.13 on Monday. The company has a market cap of $275.26 million, a P/E ratio of -1.05 and a beta of 2.14. The business has a fifty day simple moving average of $1.30 and a 200-day simple moving average of $1.31. Rackspace Technology has a 52 week low of $0.97 and a 52 week high of $3.03. </p><p>Rackspace Technology (NASDAQ:RXT - Get Free Report) last issued its quarterly earnings results on Thursday, November 6th. The company reported ($0.05) earnings per share (EPS) for the quarter, hitting analysts' consensus estimates of ($0.05). The business had revenue of $671.20 million during the quarter, compared to analyst estimates of $666.83 million. During the same period in the previous year, the business posted ($0.04) earnings per share. The firm's quarterly revenue was down .7% on a year-over-year basis. Rackspace Technology has set its Q4 2025 guidance at -0.050--0.030 EPS. </p><h2>Insider Buying and Selling at Rackspace Technology</h2><p>In related news, EVP Dharmendra Kumar Sinha sold 91,151 shares of Rackspace Technology stock in a transaction on Friday, November 28th. The shares were sold at an average price of $1.04, for a total transaction of $94,797.04. Following the transaction, the executive vice president owned 2,568,895 shares in the company, valued at approximately $2,671,650.80. The trade was a 3.43% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.90% of the stock is owned by corporate insiders. </p><h2>Hedge Funds Weigh In On Rackspace Technology</h2><p>Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quadrature Capital Ltd acquired a new stake in  Rackspace Technology during the second quarter valued at approximately $26,000.  Savant Capital LLC bought a new stake in shares of  Rackspace Technology in the 3rd quarter valued at approximately $33,000.  Creative Planning raised its position in shares of  Rackspace Technology by 114.2% during the 2nd quarter. Creative Planning now owns 25,715 shares of the company's stock valued at $33,000 after acquiring an additional 13,708 shares in the last quarter.  R Squared Ltd lifted its stake in  Rackspace Technology by 74.3% during the third quarter. R Squared Ltd now owns 25,127 shares of the company's stock worth $35,000 after purchasing an additional 10,707 shares during the last quarter.  Finally, Jump Financial LLC acquired a new position in  Rackspace Technology in the first quarter worth $40,000. 82.48% of the stock is owned by hedge funds and other institutional investors. </p><h2>About Rackspace Technology</h2> (Get Free Report)<p>Rackspace Technology, Inc operates as a multi cloud technology services company in the Americas, Europe, the Middle East, Africa, and The Asia-Pacific region. It operates through three segments: Multicloud Services, Apps &amp; Cross Platform, and OpenStack Public Cloud. The company provides public and private cloud managed services, which allow customers to determine, manage, and optimize the right infrastructure, platforms, and services; professional services related to designing and building multi cloud solutions and cloud-native applications; and managed hosting and colocation services.</p><h2>Read More</h2><ul><li>Five stocks we like better than Rackspace Technology</li><li>Procter &amp; Gamble <span>NYSE: PG<span></span></span> Pulls Back After Shaky Guidance</li><li>Dave &amp; Buster’s Reversal Is in PLAY After Double-Bottom Breakout</li><li>What Are Earnings Reports?</li><li>3 Finance Stocks to Buy on Rising 10-Year Treasury Rates</li><li>What is Short Interest? How to Use It</li><li>Disney's $1 Billion Deal Brings Its Magic to OpenAI</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UlhU?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="600" height="385" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/RatingsChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9UlhU"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p><h2>Should You Invest $1,000 in Rackspace Technology Right Now?</h2><p>Before you consider Rackspace Technology, you'll want to hear this.</p><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Rackspace Technology wasn't on the list.</p><p>While Rackspace Technology currently has a Reduce rating among analysts, top-rated analysts believe these five stocks are better buys.</p><p>View The Five Stocks Here</p>                  </div>

<p>Rackspace Technology, Inc. (NASDAQ:RXT) has received an average recommendation of "Reduce" from six ratings firms. Two analysts rated the stock as "sell" and four as "hold." The average 12-month price target is $1.5125. Recent ratings include Weiss Ratings' "sell (d-)" and Royal Bank of Canada's target price reduction to $1.75. The stock opened at $1.13 on Monday with a market cap of $275.26 million. Q4 2025 guidance is set at -0.050--0.030 EPS. Insider EVP Dharmendra Kumar Sinha sold 91,151 shares.</p>

Rackspace Technology, Inc. (NASDAQ:RXT) Given Average Rating of "Reduce" by Analysts