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Rackspace Hosting (NYSE: RAX) has recently received a number of price target changes and ratings updates:

7/14/2015 – Rackspace Hosting was upgraded by analysts at Zacks from a "hold" rating to a "strong-buy" rating. They now have a $42.00 price target on the stock. According to Zacks, "As the world's leader and specialist in hosting, Rackspace Hosting is changing the way businesses worldwide buy IT. Rackspace delivers computing-as-a-service, integrating the industry's best technologies into a flexible service offering, making computing more reliable and affordable. A trusted partner to companies of all sizes, Rackspace enables IT departments to be more effective. Rackspace is distinguished by its award-winning Fanatical Support, furthering the company's mission to be one of the world's greatest service companies. Rackspace featured in the top 30 of both the Sunday Times 100 Best companies to work for list and the Financial Times Great Place to Work Awards, 2008. Rackspace's portfolio of hosted services includes managed hosting, email hosting and cloud hosting � ��

7/14/2015 – Rackspace Hosting had its "outperform" rating reaffirmed by analysts at Wells Fargo & Co..

7/9/2015 – Rackspace Hosting was downgraded by analysts at Evercore ISI from a "buy" rating to a "hold" rating. They now have a $40.00 price target on the stock, down previously from $50.00.

6/29/2015 – Rackspace Hosting had its "buy" rating reaffirmed by analysts at JMP Securities. They now have a $62.00 price target on the stock.

6/26/2015 – Rackspace Hosting was downgraded by analysts at TheStreet to a "hold" rating.

6/16/2015 – Rackspace Hosting was downgraded by analysts at TheStreet from a "buy" rating to a "hold" rating.

5/23/2015 – Rackspace Hosting had its "outperform" rating reaffirmed by analysts at CLSA. They now have a $52.00 price target on the stock, down previously from $55.00.

5/23/2015 – Rackspace Hosting had its "outperform" rating reaffirmed by analysts at Credit Suisse. They now have a $54.00 price target on the stock, down previously from $57.00.

5/23/2015 – Rackspace Hosting had its "outperform" rating reaffirmed by analysts at Cowen and Company. They now have a $74.00 price target on the stock, down previously from $75.00.

5/23/2015 – Rackspace Hosting had its "hold" rating reaffirmed by analysts at Jefferies Group. They now have a $46.00 price target on the stock, down previously from $48.00.

5/23/2015 – Rackspace Hosting had its "sector perform" rating reaffirmed by analysts at RBC Capital. They now have a $43.00 price target on the stock, down previously from $44.00.

5/23/2015 – Rackspace Hosting had its "overweight" rating reaffirmed by analysts at Barclays. They now have a $50.00 price target on the stock, down previously from $52.00.

5/22/2015 – Rackspace Hosting had its "outperform" rating reaffirmed by analysts at JMP Securities. They now have a $62.00 price target on the stock, down previously from $67.00.

5/20/2015 – Rackspace Hosting was downgraded by analysts at Morgan Stanley to an "equal weight" rating.

Shares of Rackspace Hosting, Inc. (NYSE:RAX) opened at 39.25 on Wednesday. Rackspace Hosting, Inc. has a 52 week low of $28.80 and a 52 week high of $56.20. The stock has a 50-day moving average of $38.46 and a 200-day moving average of $46.83. The company has a market cap of $5.61 billion and a P/E ratio of 49.68.

Rackspace Hosting (NYSE:RAX) last issued its quarterly earnings data on Monday, May 11th. The hosting company reported $0.20 earnings per share for the quarter, meeting the analysts' consensus estimate of $0.20. The company had revenue of $480.20 million for the quarter, compared to the consensus estimate of $481.00 million. During the same quarter last year, the company posted $0.18 earnings per share. Rackspace Hosting's revenue was up 14.1% compared to the same quarter last year. On average, analysts predict that Rackspace Hosting, Inc. will post $0.87 earnings per share for the current fiscal year.

In other Rackspace Hosting news, Director Lew Moorman sold 100,000 shares of Rackspace Hosting stock in a transaction dated Monday, April 27th. The stock was sold at an average price of $55.53, for a total transaction of $5,553,000.00. The sale was disclosed in a document filed with the SEC, which is available at this link.

Rackspace Hosting, Inc. (NYSE:RAX) operates in the managed cloud segment of the business information technology (IT) market. The Company offers a portfolio of integrated IT solutions for common business needs, including for e-commerce, Web content management, Website hosting, data services, office mail and collaboration, and private clouds. It also offers advisory services for technology strategy, security and compliance, application assessment and migration, and DevOps automation. The Company also offers its solutions across a variety of IT form factors, including multi-tenant public cloud, dedicated single-tenant servers, private cloud, and hybrid cloud. It also delivers managed services, and Fanatical Support across its entire product portfolio. The Company sells its services to business customers in more than 120 countries. The Company has operations located across the United States, as well as in London, Amsterdam, Zurich, Hong Kong, Sydney and Mexico City.

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Source: Recent Investment Analysts' Ratings Updates for Rackspace Hosting (RAX)