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Several investment firms have updated their stock ratings and price targets on shares of Rackspace Hosting (NYSE: RAX) in the last week:

  • Rackspace Hosting had its price target lowered by analysts at Canaccord Genuity from $39.00 to $35.00. They now have a “hold” rating on the stock.
  • Rackspace Hosting had its “hold” rating reaffirmed by analysts at Nomura. They now have a $39.00 price target on the stock, down previously from $42.00.
  • Rackspace Hosting ‘s EPS estimates were cut by analysts at Oppenheimer. They now have an “outperform” rating and a $40.00 price target on the stock. They previously had a $49.00 price target on the stock.
  • Rackspace Hosting had its price target lowered by analysts at Piper Jaffray from $50.00 to $45.00.
  • Rackspace Hosting had its price target lowered by analysts at Credit Suisse from $49.00 to $40.00. They now have an “outperform” rating on the stock.
  • Rackspace Hosting had its price target raised by analysts at DA Davidson from $30.00 to $33.00. They now have a “neutral” rating on the stock.
  • Rackspace Hosting had its price target raised by analysts at Cowen and Company from $52.00 to $57.00. They now have an “outperform” rating on the stock.
  • Rackspace Hosting is now covered by analysts at JPMorgan Chase & Co.. They set an “overweight” rating and a $35.00 price target on the stock.

Shares of Rackspace Hosting, Inc. (NYSE:RAX) traded up 20.11% during mid-day trading on Friday, hitting $36.85. The stock had a trading volume of 18,254,268 shares. Rackspace Hosting, Inc. has a one year low of $26.18 and a one year high of $54.20. The stock has a 50-day moving average of $30.26 and a 200-day moving average of $36.11. The company has a market cap of $5.227 billion and a P/E ratio of 50.30.

Rackspace Hosting, Inc, is the open cloud company. The Company offers a diverse portfolio of cloud computing services, including public, dedicated and private cloud, and hybrid hosting.

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