Published on 24 Apr 2024 on Simply Wall St. via Yahoo Finance
Why Rackspace Technology, Inc. (NASDAQ:RXT) Could Be Worth Watching
Rackspace Technology, Inc. (NASDAQ:RXT), might not be a large cap stock, but it saw a double-digit share price rise of over 10% in the past couple of months on the NASDAQGS. The recent rally in share prices has nudged the company in the right direction, though it still falls short of its yearly peak. With many analysts covering the stock, we may expect any price-sensitive announcements have already been factored into the stock’s share price. But what if there is still an opportunity to buy? Today we will analyse the most recent data on Rackspace Technology’s outlook and valuation to see if the opportunity still exists.
View our latest analysis for Rackspace Technology
What's The Opportunity In Rackspace Technology?