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

Rating:
Outperform
RAX
up 229.60 %

Rackspace Hosting Inc. (RAX) rated Outperform by Cowen & Co

Posted on: Wednesday,  Sep 17, 2008  9:25 AM ET by Cowen & Co

Cowen & Co 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 this Cowen & Co'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.

Cowen and Company’s culture is rooted in the traditions of the research boutiques that once dominated the investment research landscape. Our primary focus is on two products: 1. Proprietary information flow, and 2. Good investment ideas We achieve the first objective with a combination of extensive primary research work, organized survey activity, and access to industry experts (i.e., opinion leaders in medicine, technology, and consumer industries). We believe that the best investment idea is a “Correct Non-Consensus Conclusion,” and a considerable amount of our energy is devoted to this pursuit. We spend as little time as possible on traditional maintenance research products.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/17/2008 9:25 AM Buy
None
9.39
as of 12/24/2008
1 Week up  2.44 %
1 Month up  22.93 %
3 Months up  103.08 %
1 YTD up  71.37 %

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