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

Rating:
Buy RAX
up 129.94 %

Rackspace Hosting Inc. (RAX) rated Buy with price target $18 by ThinkEquity

Posted on: Thursday,  Sep 3, 2009  8:25 AM ET by ThinkEquity

ThinkEquity rated Buy Rackspace Hosting Inc. (NYSE: RAX) on 09/03/2009, when the stock price was $13.46. Since
then, Rackspace Hosting Inc. has gained 129.94% as of 12/01/2015's recent price of $30.95.
If you would have followed this ThinkEquity's recommendation on RAX, you would have gained 129.94% of your investment in 2280 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.

Research is at the core of everything we do at ThinkEquity, and we're passionate about it. Employing a disciplined and rigorous process, we scrutinize the spectrum of forces at play in the growth sectors we cover. Starting with a top down analysis, we look closely at the megatrends and industry drivers that create opportunities for innovative companies. We then allocate our resources based on a long-range research roadmap that leads to deep domain expertise and a close working knowledge of the technologies, products, services and people that populate the growth sector landscape. In short, the sum result of the ThinkEquity research process is to identify and affiliate ourselves with the fastest growing private and public companies within our domain verticals.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
9/3/2009 8:25 AM Buy
None
13.46 18.00
as of 12/31/2009
1 Week up  37.48 %
1 Month up  68.61 %
3 Months up  82.94 %
1 YTD up  131.87 %

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