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RXT Overview

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$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
$
0.000
0.000(0.000%)
At close
0.000(0.000%)Aft-market
ET
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Intellectia

Loading chart...

High
7.910
Open
7.730
VWAP
7.35
Vol
27.64M
Mkt Cap
1.80B
Low
6.920
Amount
203.19M
EV/EBITDA(TTM)
19.46
Total Shares
249.22M
EV
4.80B
EV/OCF(TTM)
33.38
P/S(TTM)
0.65
Rackspace Technology, Inc. is an end-to-end hybrid, hybrid cloud, and artificial intelligence (AI) solutions company. The Company designs, builds, and operates its customers’ cloud environments across all technology platforms, irrespective of technology stack or deployment model. The Company operates through two segments. Its Public Cloud segment is a service-centric, capital-light model providing value-added cloud solutions through managed services, elastic engineering and professional services offerings for customer environments hosted on the Amazon Web Services (AWS), Microsoft Azure and Google Cloud public cloud platforms. Its Private Cloud segment is a technology-forward, capital-intensive model providing managed service offerings for customer environments hosted in one of its data centers as well as in those owned by customers or by third parties. Private Cloud product portfolio includes Programmatic Infrastructure, Cloud Operating Systems, Platform-as-a-Service, and others.
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Events Timeline

(ET)
2026-06-16
16:30:00
SpaceX Partners with Cursor in $60B Deal
select
2026-06-16
12:00:00
SpaceX Surpasses Amazon and Microsoft in Market Cap
select
2026-06-16
09:00:00
U.S. Stock Futures Steady as Markets Await Fed Decision
select
2026-06-16
08:00:00
Rackspace to Cut Approximately 15% Workforce for Strategic Realignment
select
link
2026-06-16
07:30:00
AMD and Rackspace Sign Agreement for 30 MW Compute Deployment
select

News

stocktwits
2.0
06-18stocktwits
RXT, NBIS, and ARM Shares Surge on Bullish Growth Outlook
  • RXT Stock Surge: RXT shares soared over 21% on Wednesday to $8.60, driven by a bullish note from RBC Capital which raised its price target from $2.50 to $4, highlighting the AMD partnership as a key growth catalyst.
  • NBIS Expansion Optimism: NBIS shares jumped to a 52-week high of $297.93, as investors rewarded its aggressive expansion in AI cloud infrastructure, with expectations of joining the Nasdaq 100 Index this month boosting market confidence.
  • ARM Stock Hits New High: ARM shares climbed to $444.80, a 52-week high, after Bernstein raised its price target from $300 to $500, citing its growing role in powering agentic AI workloads, with a projected revenue of $22 billion by 2030.
  • Surge in AI Market Demand: All three companies benefited from a surge in AI-related demand, with RXT's stock up 676% year-to-date and NBIS up 212%, reflecting strong market demand for AI infrastructure and investor optimism.
Yahoo Finance
2.0
06-18Yahoo Finance
RXT, NBIS, and ARM Shares Surge on AI Growth Optimism
  • RXT Stock Surge: Rackspace Technology shares soared over 21% on Wednesday to a 52-week high of $8.60, driven by a bullish note from RBC Capital highlighting its partnership with AMD, which is expected to significantly enhance the company's position in the enterprise AI platform market.
  • Cost-Cutting Measures: Rackspace plans to implement a 10% workforce reduction to save up to $85 million annually, with part of the savings earmarked for engineering talent and AI solution development, thereby reinforcing its long-term AI strategy.
  • NBIS Expansion Optimism: Nebius Group's shares jumped to $297.93 on Wednesday as investors rewarded its rapid expansion in AI cloud infrastructure, with expectations of joining the Nasdaq 100 Index this month further boosting market confidence.
  • ARM Stock Hits New High: Arm Holdings shares climbed to $444.80 after Bernstein raised its price target from $300 to $500, reflecting market recognition of its growing role in AI workloads, with projected revenue reaching $22 billion by 2030.
stocktwits
8.5
06-18stocktwits
US-Iran Signs Peace Deal, Markets Turn Optimistic
  • Peace Agreement Signed: The U.S. and Iran have signed a 14-point Memorandum of Understanding that extends the ceasefire and establishes a framework for a peace agreement, with a 60-day negotiation period that could enhance stability and economic recovery in the Middle East.
  • Significant Economic Impact: As part of the deal, the U.S. will lift its naval blockade of Iran and restore pre-war military deployments within 30 days, while Iran will facilitate the reopening of the Strait of Hormuz, allowing commercial shipping to resume, which is expected to stabilize global oil prices.
  • Federal Reserve Policy Dynamics: At Kevin Warsh's first meeting, the Federal Reserve decided to keep interest rates unchanged, although it now projects a rate hike in 2026, with inflation expectations raised to 3.6%, indicating a cautious stance that may affect future market liquidity.
  • Positive Market Reaction: Following the signing of the U.S.-Iran peace agreement, U.S. stock futures rose broadly, with S&P 500 futures up about 0.81%, reflecting market optimism about future economic improvements, particularly against the backdrop of energy prices and inflation pressures.
stocktwits
2.0
06-17stocktwits
U.S. Stocks Decline Amid Fed Policy Decisions
  • Fed Rate Decision: The Federal Reserve, under Chairman Kevin Warsh's first meeting, decided to keep the key interest rate at 3.50%-3.75% while hinting at a possible hike by the end of 2026, which raised concerns about future rate increases and led to a 1.2% drop in the S&P 500.
  • Inflation Outlook Adjustment: The Fed raised its inflation forecast for the end of 2026 to 3.6% from 2.7% in March, indicating persistent inflationary pressures due to rising oil prices and a strong labor market, which could influence future monetary policy decisions.
  • Market Reaction: Following the Fed's announcement, markets reacted to Warsh's emphasis on
stocktwits
7.5
06-17stocktwits
Rackspace Partners with AMD to Enhance AI Strategy
  • Strategic Partnership Boosts Market Share: Rackspace's multi-year agreement with AMD to deploy AMD GPUs and EPYC processors across global data centers is expected to significantly enhance its market share in highly regulated sectors such as healthcare, financial services, energy, and government by 2028.
  • Price Target Increase: RBC Capital raised Rackspace's stock price target from $2.50 to $4, with analyst Daniel Perlin noting that this partnership supports Rackspace's goal of becoming a leading enterprise AI provider, contributing to a more than 35% stock price increase over the past three days.
  • Cost Reduction and Restructuring: Rackspace has reduced its workforce by approximately 10% to lower costs, anticipating up to $19 million in one-time restructuring charges while generating annual savings of up to $85 million, with part of these savings earmarked for investment in engineering talent and AI solutions.
  • Retail Sentiment Turns Bullish: Retail sentiment on Stocktwits regarding Rackspace shifted from 'bullish' to 'extremely bullish', accompanied by extremely high message volumes, indicating strong institutional buying activity that has propelled the stock to a more than 730% increase this year.
Fool
7.5
06-16Fool
Rackspace Partners with AMD, Shares Surge Amid Workforce Cuts
  • Partnership Expansion: Rackspace announced an expansion of its partnership with AMD, planning to deploy 30 MW of compute capacity for highly regulated enterprise clients from 2026 to 2028, which, while not significantly impacting AMD, is crucial for boosting market confidence in Rackspace.
  • Stock Price Surge: Rackspace shares rallied by 21.2% on Tuesday, settling at a 5% gain, reflecting a positive market response to its new strategy, although its market cap remains below $1.5 billion, indicating cautious optimism among investors regarding its future.
  • Workforce Reduction: The company revealed a 15% workforce reduction, expected to save between $75 million and $85 million annually, aimed at refocusing on AI opportunities, despite only achieving 2% revenue growth last quarter and still facing slight operating losses.
  • Risks and Opportunities: Although Rackspace's stock has surged 543% in 2026, it still faces significant debt and market uncertainties, making future profitable growth uncertain, thus investors should approach with caution.
Wall Street analysts forecast RXT stock price to rise
3 Analyst Rating
Wall Street analysts forecast RXT stock price to rise
0 Buy
3 Hold
0 Sell
Hold
Current: 0.000
sliders
Low
1.30
Averages
1.48
High
1.75
Current: 0.000
sliders
Low
1.30
Averages
1.48
High
1.75
RBC Capital
Daniel Perlin
Sector Perform
maintain
$4
AI Analysis
2026-06-17
New
Reason
RBC Capital
Daniel Perlin
Price Target
$4
AI Analysis
2026-06-17
New
maintain
Sector Perform
Reason
RBC Capital analyst Daniel Perlin raised the firm's price target on Rackspace to $4 from $2.50 and keeps a Sector Perform rating on the shares after the company entered into a pact for deployment of initial 30 MW footprint with AMD. The 30 MW AMD compute deployment validates Rackspace strategy to become the governed enterprise AI operator for regulated industries, with both leveraging their existing infrastructure and power capacity while moving up stack from Bare Metal to Enterprise AI Cloud, the analyst tells investors in a research note. The combination also positions Rackspace to capture meaningful market share in healthcare, financial services, energy, and government sectors, the firm added.
UBS
Neutral
maintain
$5
2026-06-12
Reason
UBS
Price Target
$5
2026-06-12
maintain
Neutral
Reason
UBS raised the firm's price target on Rackspace to $5.50 from $5 and keeps a Neutral rating on the shares. Rackspace's decision to establish a regional headquarters in Riyadh reflects growing momentum in its cloud and AI business, signaling rising enterprise demand for cloud adoption and expanding opportunities across the Middle East region, the analyst tells investors in a research note.
Unlock Full Analyst Thesis, Get the complete breakdown of rating reason for RXT
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Valuation Metrics

The current forward P/E ratio for Rackspace Technology Inc (RXT.O) is 91.74, compared to its 5-year average forward P/E of 7.42. For a more detailed relative valuation and DCF analysis to assess Rackspace Technology Inc's fair value, Click here.

Forward PE

The forward P/E ratio is a valuation metric that divides a company's current stock price by its estimated future earnings per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
N/A
5Y Average PE
7.42
Current PE
91.74
Overvalued PE
44.09
Undervalued PE
-29.26

Forward EV/EBITDA

The forward EV/EBITDA ratio is a valuation metric that divides a company's enterprise value (EV) by its estimated future earnings before interest, taxes, depreciation, and amortization (EBITDA) over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average EV/EBITDA
11.64
Current EV/EBITDA
17.19
Overvalued EV/EBITDA
13.66
Undervalued EV/EBITDA
9.61

Forward PS

The forward P/S ratio is a valuation metric that divides a company's current stock price by its estimated future sales (or revenue) per share over the next 12 months.
StronglyUndervaluedUndervaluedFairOvervaluedStronglyOvervalueddotted line Image
5Y Average PS
0.33
Current PS
0.66
Overvalued PS
0.63
Undervalued PS
0.02

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Whales Holding RXT

A
Apollo Global Management, Inc.
Holding
RXT
+24.02%
3M Return

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Frequently Asked Questions

What is Rackspace Technology Inc (RXT) stock price today?

The current price of RXT is 7.22 USD — it has decreased -4.12

What is Rackspace Technology Inc (RXT)'s business?

Rackspace Technology, Inc. is an end-to-end hybrid, hybrid cloud, and artificial intelligence (AI) solutions company. The Company designs, builds, and operates its customers’ cloud environments across all technology platforms, irrespective of technology stack or deployment model. The Company operates through two segments. Its Public Cloud segment is a service-centric, capital-light model providing value-added cloud solutions through managed services, elastic engineering and professional services offerings for customer environments hosted on the Amazon Web Services (AWS), Microsoft Azure and Google Cloud public cloud platforms. Its Private Cloud segment is a technology-forward, capital-intensive model providing managed service offerings for customer environments hosted in one of its data centers as well as in those owned by customers or by third parties. Private Cloud product portfolio includes Programmatic Infrastructure, Cloud Operating Systems, Platform-as-a-Service, and others.

What is the price predicton of RXT Stock?

Wall Street analysts forecast RXT stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for RXT is1.48 USD with a low forecast of 1.30 USD and a high forecast of 1.75 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.

What is Rackspace Technology Inc (RXT)'s revenue for the last quarter?

Rackspace Technology Inc revenue for the last quarter amounts to 678.10M USD, increased 1.91

What is Rackspace Technology Inc (RXT)'s earnings per share (EPS) for the last quarter?

Rackspace Technology Inc. EPS for the last quarter amounts to 0.03 USD, decreased -109.68

How many employees does Rackspace Technology Inc (RXT). have?

Rackspace Technology Inc (RXT) has 5000 emplpoyees as of June 21 2026.

What is Rackspace Technology Inc (RXT) market cap?

Today RXT has the market capitalization of 1.80B USD.