Barclays (LON:BARC) analyst Ramsey El Assal maintained a Hold rating on Rackspace Technology on Wednesday, setting a price target of $17, which is approximately 27.34% above the present share price of $13.35.
El Assal expects Rackspace Technology to post earnings per share (EPS) of -$0.17 for the fourth quarter of 2021.
The current consensus among 5 TipRanks analysts is for a Strong Buy rating of shares in Rackspace Technology, with an average price target of $21.6.
The analysts price targets range from a high of $25 to a low of $17.
In its latest earnings report, released on 09/30/2021, the company reported a quarterly revenue of $762.5 million and a net profit of -$2.9 million. The company's market cap is $2.8 billion.
According to TipRanks.com, Barclays analyst Ramsey El Assal is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 13.6% and a 59.88% success rate.
Rackspace Technology Inc is an end-to-end multicloud technology services company. It designs, builds and operates its customers' cloud environments across all technology platforms, irrespective of technology stack or deployment model. The company's solutions include Application Services; Data; Colocation; Managed Cloud; Managed Hosting; Professional Services; and Security & Compliance. It operates in three reportable segments Multicloud Services; Apps & Cross Platform; and OpenStack Public Cloud. It generates revenue through the sale of consumption-based contracts for its services offerings and from the sale of professional services related to designing and building customer solution.