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Research Analysts' Weekly Ratings Changes for Rackspace Hosting (RAX) February 16th, 2016 - 0 comments - Filed Under - by Micah Haroldson Tweet  

Several analysts have recently updated their ratings and price targets for Rackspace Hosting (NYSE: RAX):

2/14/2016 – Rackspace Hosting was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating. 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 "

2/7/2016 – Rackspace Hosting was upgraded by analysts at Zacks Investment Research from a "sell" rating to a "hold" rating. 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 "

2/1/2016 – Rackspace Hosting had its "hold" rating reaffirmed by analysts at Zacks Investment Research. 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 "

2/1/2016 – Rackspace Hosting had its price target lowered by analysts at Goldman Sachs from $27.00 to $24.00.

1/24/2016 – Rackspace Hosting was downgraded by analysts at Zacks Investment Research from a "hold" rating to a "sell" rating. 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 "

1/16/2016 – Rackspace Hosting had its "buy" rating reaffirmed by analysts at RBC Capital.

1/15/2016 – Rackspace Hosting had its price target lowered by analysts at RBC Capital from $36.00 to $31.00. They now have an "outperform" rating on the stock.

12/27/2015 – Rackspace Hosting is now covered by analysts at Goldman Sachs. They set a "hold" rating on the stock.

12/21/2015 – Rackspace Hosting is now covered by analysts at Goldman Sachs. They set a "neutral" rating and a $27.00 price target on the stock.

Rackspace Hosting, Inc. (NYSE:RAX) opened at 17.63 on Tuesday. The firm's 50-day moving average is $20.72 and its 200 day moving average is $26.51. Rackspace Hosting, Inc. has a 12 month low of $16.38 and a 12 month high of $56.20. The firm has a market capitalization of $2.37 billion and a P/E ratio of 19.16.

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.

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