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

Rating:
Buy RAX
up 229.60 %

Rackspace Hosting Inc. (RAX) rated Buy with price target $24 by Jefferies & Co

Posted on: Wednesday,  Feb 17, 2010  11:25 AM ET by Jefferies & Co

Jefferies & Co rated Buy Rackspace Hosting Inc. (NYSE: RAX) on 02/17/2010. Previously Jefferies & Co rated Buy 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 Jefferies & 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.

Our focus on growing and mid-sized companies enables us to identify unique investment ideas, which can make the difference in a tough market. Jefferies' research effort covers U.S. & International equity, high yield, convertibles, investment grade fixed income and post-reorganization securities, as well as special situations and quantitative research. The more than 120-person team of research professionals covers over 1,200 companies in more than 40 industries worldwide. Our analysts focus on identifying emerging industry themes and dig deeper to provide in-depth, thought provoking, objective research. Our analysts use a variety of quantitative and qualitative tools, integrating field analysis, proprietary channel checks and ongoing dialogue with the managements of the companies they cover. We utilize the latest technologies to deliver a research product that is timely, differentiated, and tailored to each customer's needs. Regular client access to companies and their management teams is provided through a wide variety of Jefferies hosted industry conferences, company management meetings and on-site tours.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/17/2010 11:25 AM Buy
None
19.76 24.00
as of 12/31/2010
1 Week up  1.56 %
1 Month up  6.99 %
3 Months up  20.13 %
1 YTD up  49.68 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
11/10/2009 10:25 AM Buy
None
18.93 21.00
5/12/2009 11:25 AM Buy
None
8.72 12.00
3/20/2009 8:25 AM Buy
None
6.25 9.00
2/20/2009 8:25 AM Buy
None
4.81 8.00
9/17/2008 8:25 AM Buy
None
9.39 13.00

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