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

Rating:
Outperform
RAX
up 229.60 %

Rackspace Hosting Inc. (RAX) rated Outperform with price target $49 by Credit Suisse

Posted on: Friday,  Feb 7, 2014  8:25 AM ET by Credit Suisse

Credit Suisse rated Outperform Rackspace Hosting Inc. (NYSE: RAX) on 02/07/2014. Previously Credit Suisse rated Outperform Rackspace Hosting Inc. (NYSE: RAX)
on 09/17/2008., when the stock price was $9.39. Since then, Rackspace Hosting Inc. has gained 229.61% as of 12/01/2015's recent price of $30.95.
If you would have followed the previous Credit Suisse's recommendation on RAX, you would have gained 229.6% of your investment in 2631 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.

Excellence in equity and fixed income research is a hallmark of Credit Suisse. Globally, our equity research analysts provide in-depth coverage of over 2,500 companies and engage in a knowledge-sharing, value added culture that has yielded the most insightful product for our customers and tremendous competitive results. Additionally, Credit Suisse's powerful macro-economic and debt strategy teams integrate the bank's comprehensive company research with keen market perspectives of the ever-shifting investment terrain.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/7/2014 8:25 AM Buy
None
39.51 49.00
as of 10/17/2014
1 Week up  5.19 %
1 Month up  8.11 %
3 Months up  11.92 %
1 YTD down  -10.50 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/17/2010 8:25 AM Buy
None
19.60 25.00
9/2/2009 8:25 AM Buy
None
12.31 18.00
9/17/2008 8:25 AM Buy
None
9.39

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