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Indicating a possible upside of 0.08%, Suntrust Robinson bumped the estimated target of Rackspace Hosting Inc. (NYSE:RAX) to $25

Only yesterday Rackspace Hosting Inc. (NYSE:RAX) traded 0.95% higher at $23.15. Rackspace Hosting Inc.'s 50-day average is $22.58 and its 200-day moving average is $21.94. With the last stock price up 6.54% relative to the 200-day average, compared to the S&P 500 Index which has increased 0.01% over the same period. Trading volume was was down over the average, with 1,383,227 shares of RAX changing hands under the typical 2,169,300 shares..

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Rackspace Hosting Inc. has a 52 week low of $15.05 and a 52 week high of $35.13 with a price-earnings ratio of 22 and has a market capitalization of $2.9B.

A total of 17 brokerages have issued a ratings update on the stock. Six analysts rate the company a strong buy, three analysts rate the company a buy, 12 firms rate the company a hold, zero rate the stock to underperform, and finally one brokeragerate the company as sell with a consensus target stock price of $26.53

Brief Synopsis On Rackspace Hosting Inc. (NYSE:RAX)

Rackspace Hosting, Inc. (Rackspace) 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. The Company offers services for certain applications, including e-commerce and Web content management sites, business-productivity applications, such as e-mail and collaboration, and data stores. The Company offers private, public and hybrid clouds in its approximately 10 data centers located on over four continents, in Microsoft Azure and Amazon Web Services data centers, as well as in customer-owned data centers. Its services include dedicated customer care and technical support, such as operating system patching, application monitoring, network and firewall configurations, and identity management. The Company has operations located in multiple cities across the United States, as well as in London, Amsterdam, Zurich, Hong Kong, and Sydney and Mexico City.

Source: Rackspace Hosting Inc. (NYSE:RAX) stock price target raised to $25, reported today by Suntrust Robinson