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FBN Securities disclosed (:RAX) Rackspace, increasing its target price to $26 earlier today

Yesterday Rackspace (:RAX) traded 0.00% even at $28.61. The company’s 50-day average is $22.89 and its two hundred day average is $22.24. The last stock price is up 28.66% from the two hundred day average, compared to the S&P 500 which has raised 0.00% over the date range. 10,698 shares of Rackspace traded hands, down from an avg. trading volume of 2,188,310.

Indicating a possible downside of -0.09%, FBN Securities upped the target price of Rackspace (:RAX) to $26

Recent Performance Chart:

Rackspace (:RAX)

In addition to FBN Securities reporting it’s target price, a total of 17 brokerages have released a report on the company. The average target is $26.53 with six firms rating the company a strong buy, three firms rating the stock a buy, 12 analyts rating the stock a hold, zero rating the company to underperform, and lastly one brokeragerating the company as sell.

Rackspace has a 52 week low of $15.05 and a one-year high of $32.84 with a P/E ratio of 27 and has a total market value of $3.6B.

General Information About Rackspace (:RAX)

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