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

Rating:
Outperform
RAX
down 4.41 %

Rackspace Hosting Inc. (RAX) upgraded to Outperform with price target $43 by Oppenheimer

Posted on: Tuesday,  Aug 11, 2015  8:25 AM ET by Oppenheimer

Oppenheimer rated Outperform Rackspace Hosting Inc. (NYSE: RAX) on 08/11/2015. Previously Oppenheimer rated Perform
Rackspace Hosting Inc. (NYSE: RAX) on 01/06/2011., when the stock price was $31.18. Since then, Rackspace Hosting Inc. has gained 3.85% as of 08/11/2015's recent price of $32.38.

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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
8/11/2015 8:25 AM Buy
None
32.38 43.00
as of 8/27/2015
1 Week down  -1.14 %
1 Month down  -4.41 %
3 Months down  -4.41 %
1 YTD down  -4.41 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
1/6/2011 8:25 AM None
None
31.18
10/11/2010 8:25 AM Buy
None
24.78 26.00
11/10/2009 8:25 AM Buy
None
19.23 24.00
1/8/2009 8:25 AM None
None
5.86

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