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

Rating:
Outperform
RAX
down 22.81 %

Rackspace Hosting Inc. (RAX) upgraded to Outperform by Raymond James

Posted on: Monday,  Dec 2, 2013  8:25 AM ET by Raymond James

Raymond James rated Outperform Rackspace Hosting Inc. (NYSE: RAX) on 12/02/2013, when the stock price was $40.10.
Since then, Rackspace Hosting Inc. has lost 22.82% as of 12/01/2015's recent price of $30.95.
If you would have followed this Raymond James's recommendation on RAX, you would have lost 22.81% of your investment in 729 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.

Our equity research team has gained national attention for stock-picking ability and analyst performance, with recognition in leading publications such as the Wall Street Journal and Institutional Investor magazine*. Raymond James’ equity research philosophy focuses on a fundamental approach that encompasses three basic points. First, we believe that superior research on select companies within well-defined industries is preferable to broad general coverage. Second, we concentrate on the identification of quality companies demonstrating solid growth potential, with the goal of helping our clients maximize their investment returns. Third, to help our clients take advantage of pockets of inefficiency in the market, we strive to locate superior companies from across the country that have the potential to provide our clients with unique opportunities.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/2/2013 8:25 AM Buy
None
40.10
as of 12/13/2013
1 Week up  3.89 %
1 Month down  -12.91 %
3 Months down  -12.91 %
1 YTD down  -47.04 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/20/2013 10:25 AM Hold
None
39.86
2/14/2013 8:25 AM Buy
None
60.52

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