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Rackspace Hosting Inc. (RAX) [hlAlert]

up 131.66 %

Rackspace Hosting Inc. (RAX) rated Overweight with price target $16 by Thomas Weisel

Posted on: Friday,  Jun 19, 2009  8:25 AM ET by Thomas Weisel

Thomas Weisel rated Overweight Rackspace Hosting Inc. (NYSE: RAX) on 06/19/2009, when the stock price was $13.36.
Since then, Rackspace Hosting Inc. has gained 131.66% as of 12/01/2015's recent price of $30.95.
If you would have followed this Thomas Weisel's recommendation on RAX, you would have gained 131.66% of your investment in 2356 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.

At Thomas Weisel Partners, the role of Research is to contribute to our clients' decision process in ways that lead to better investment decisions. We cover the key growth sectors of the economy including Consumer, Energy, Financial Services, Healthcare, Internet, Media & Telecom, Metals & Mining and Technology.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/19/2009 8:25 AM Buy
13.36 16.00
as of 12/31/2009
1 Week up  37.48 %
1 Month up  68.61 %
3 Months up  82.94 %
1 YTD up  133.60 %

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