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Enter Symbol:
 
Rackspace Hosting Inc. (RAX) [hlAlert]

Rating:
Outperform
RAX
down 18.44 %

Rackspace Hosting Inc. (RAX) upgraded to Outperform by Wells Fargo

Posted on: Wednesday,  Jun 26, 2013  8:25 AM ET by Wells Fargo

Wells Fargo rated Outperform Rackspace Hosting Inc. (NYSE: RAX) on 06/26/2013, when the stock price was $37.95.
Since then, Rackspace Hosting Inc. has lost 18.45% as of 12/01/2015's recent price of $30.95.
If you would have followed this Wells Fargo's recommendation on RAX, you would have lost 18.44% of your investment in 888 days.

Rackspace Hosting, Inc. (Rackspace Hosting), incorporated on March 7, 2000, is engaged in the business of hosting and cloud computing. The Company?s services are sold to businesses in more than 120 countries. The Company sells a suite of hosting and cloud computing offerings, all backed by Fanatical Support.

The investment research content is provided by Wells Capital Management, a registered investment adviser and wholly owned subsidiary of Wells Fargo Bank, N.A. Our economists’ expertise on domestic markets, and national and global trends, is an important resource to the firm. Wells Capital Management economists are known for their thoughts on investment strategy, macro-economic forecasts and other top-down analysis, and share their views on bonds, midcaps and liquidity management in their publications.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/26/2013 8:25 AM Buy
None
37.95
as of 12/13/2013
1 Week up  3.89 %
1 Month down  -18.18 %
3 Months down  -32.71 %
1 YTD down  -42.97 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
4/2/2013 8:25 AM Hold
None
48.28
1/13/2010 8:25 AM Buy
None
21.76

(*) Stock Price at the time of the recommendation.
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