The average one-year price target for Rackspace Technology (NasdaqGS:RXT) has been revised to $3.23 / share. This is an increase of 46.15% from the prior estimate of $2.21 dated April 25, 2026.
The price target is an average of many targets provided by analysts. The latest targets range from a low of $2.02 to a high of $5.25 / share. The average price target represents a decrease of 55.75% from the latest reported closing price of $7.30 / share.
What is the Fund Sentiment?
There are 134 funds or institutions reporting positions in Rackspace Technology. This is an decrease of 53 owner(s) or 28.34% in the last quarter. Average portfolio weight of all funds dedicated to RXT is 0.01%, an increase of 47.84%. Total shares owned by institutions increased in the last three months by 1.73% to 174,581K shares. 
The put/call ratio of RXT is 0.97, indicating a bullish outlook.
What are Other Shareholders Doing?
Apollo Management Holdings holds 129,609K shares representing 52.01% ownership of the company. No change in the last quarter.
Vanguard Capital Management holds 4,618K shares representing 1.85% ownership of the company.
CastleKnight Management holds 3,160K shares representing 1.27% ownership of the company. In its prior filing, the firm reported owning 3,936K shares , representing a decrease of 24.55%. The firm decreased its portfolio allocation in RXT by 37.85% over the last quarter.
Vanguard Portfolio Management holds 2,537K shares representing 1.02% ownership of the company.
Geode Capital Management holds 2,408K shares representing 0.97% ownership of the company. In its prior filing, the firm reported owning 2,311K shares , representing an increase of 4.02%. The firm decreased its portfolio allocation in RXT by 63.01% over the last quarter.
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