MarketBeat Analyst action
Rackspace Technology (NASDAQ:RXT) Cut to "Sell" at Wall Street Zen
Wall Street Zen downgraded Rackspace Technology (NASDAQ:RXT) to a "Sell" rating, aligning with a broader analyst consensus of "Reduce" and a target price of $4.00. The company recently reported a quarterly loss of $0.08 per share on revenue of $670.1 million, surpassing analyst estimates. Despite positive sentiment from exceeding revenue expectations and appointing a Chief AI Officer, Rackspace …