Rackspace Technology (RXT) Stock Price, News & Analysis

Company Overview

Rackspace Technology, Inc. is a technology services company that helps businesses design, build, operate and optimize information technology environments. Its offerings span public, private and hybrid cloud infrastructure, managed hosting, application services, data services, cybersecurity and professional consulting.

The company supports major cloud platforms, including Amazon Web Services, Microsoft Azure and Google Cloud, and provides services such as cloud migration, modernization, managed operations, application development and infrastructure management. Rackspace also offers solutions involving data analytics, artificial intelligence and machine learning, as well as security and compliance services.

Founded in 1998 and headquartered in San Antonio, Texas, Rackspace was formerly known as Rackspace Hosting. The company expanded its capabilities through acquisitions, including the purchase of managed cloud provider Datapipe, and became a publicly traded company in 2020. Rackspace serves customers across North America, Europe, Asia-Pacific and other international markets.

Key Stats

• Today's Range: $3.91 to $4.20
• 50-Day Range: $3.00 to $5.15
• 52-Week Range: $0.39 to $8.60
• Volume: 3.72 million shs
• Average Volume: 18.93 million shs
• Market Capitalization: $1.04 billion
• P/E Ratio: N/A
• Dividend Yield: N/A
• Price Target: $4.00
• Consensus Rating: Reduce

Rackspace Technology Stock Analysis - MarketRank™

Rackspace Technology scored higher than 12% of companies evaluated by MarketBeat, and ranked 547th out of 596 stocks in the technology sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.0 / 5
• Analyst Rating: Reduce

Consensus Rating

Rackspace Technology has received a consensus rating of Reduce. The company's average rating score is 1.50, and is based on no strong buy ratings, no buy ratings, 1 hold rating, and 1 sell rating.

Upside/Downside

The consensus price target for Rackspace Technology is close to its current price, suggesting limited near-term upside or downside.

Amount of Analyst Coverage

Rackspace Technology has only been the subject of 1 research reports in the past 90 days.

Earnings and Valuation

• Score: 0.0 / 5
• Proj. Earnings Growth: N/A

Price to Earnings Ratio vs. the Market

The P/E ratio of Rackspace Technology is -6.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Price to Earnings Ratio vs. Sector

The P/E ratio of Rackspace Technology is -6.27, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.

Short Interest

• Score: 2.0 / 5
• Short Interest Level: Bearish

Percentage of Shares Shorted

10.88% of the float of Rackspace Technology has been sold short.

Short Interest Ratio / Days to Cover

Rackspace Technology has a short interest ratio ("days to cover") of 3.61, which is generally considered an acceptable ratio of short interest to trading volume.

Change versus previous month

Short interest in Rackspace Technology has recently increased by 1.20%, indicating that investor sentiment is decreasing.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Rackspace Technology does not currently pay a dividend.

Dividend Growth

Rackspace Technology does not have a long track record of dividend growth.

News and Social Media

• Score: 2.5 / 5
• News Sentiment: 0.06

News Sentiment

Rackspace Technology has a news sentiment score of 0.06. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.50 average news sentiment score of Technology companies.

News Coverage This Week

MarketBeat has tracked 12 news articles for Rackspace Technology this week, compared to 8 articles on an average week.

Search Interest

17 people have searched for RXT on MarketBeat in the last 30 days. This is an increase of 31% compared to the previous 30 days.

Company Ownership

• Score: 1.5 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Rackspace Technology insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $2,299,799.00 in company stock.

Percentage Held by Insiders

2.30% of the stock of Rackspace Technology is held by insiders.

Percentage Held by Institutions

82.48% of the stock of Rackspace Technology is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Company Calendar

• Last Earnings: 8/10/2026
• Today: 10/02/2026
• Next Earnings (Estimated): 11/05/2026
• Fiscal Year End: 12/31/2026

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Technology
• Industry: IT Services
• Sub-Industry: IT Consulting & Other Services
• Current Symbol: NASDAQ:RXT
• CIK: 1810019
• Web: www.rackspace.com
• Phone: 210-312-4000
• Fax: N/A
• Employees: 5,000
• Year Founded: 1998

Price Target and Rating

• Average Price Target for Rackspace Technology: $4.00
• High Price Target: $4.00
• Low Price Target: $4.00
• Potential Upside/Downside: -1.9%
• Consensus Rating: Reduce
• Rating Score (0-4): 1.50
• Research Coverage: 2 Analysts

Profitability

• EPS (Trailing Twelve Months): ($0.65)
• Trailing P/E Ratio: N/A
• Forward P/E Ratio: N/A
• P/E Growth: N/A
• Net Income: -$225.80 million
• Net Margins: -5.88%
• Pretax Margin: -5.41%
• Return on Equity: N/A
• Return on Assets: -1.81%

Debt

• Debt-to-Equity Ratio: N/A
• Current Ratio: 0.76
• Quick Ratio: 0.76

Sales & Book Value

• Annual Sales: $2.69 billion
• Price / Sales: 0.39
• Cash Flow: $1.46 per share
• Price / Cash Flow: 2.80
• Book Value: ($5.01) per share
• Price / Book: -0.81

Miscellaneous

• Outstanding Shares: 254,870,000
• Free Float: 249,011,000
• Market Cap: $1.04 billion
• Optionable: Optionable
• Beta: 3.10