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

Rating:
Buy RAX
up 77.66 %

Rackspace Hosting Inc. (RAX) rated Buy with price target $22 by Brigantine

Posted on: Wednesday,  May 5, 2010  10:25 AM ET by Brigantine

Brigantine rated Buy Rackspace Hosting Inc. (NYSE: RAX) on 05/05/2010, when the stock price was $17.42. Since
then, Rackspace Hosting Inc. has gained 77.67% as of 12/01/2015's recent price of $30.95.
If you would have followed this Brigantine's recommendation on RAX, you would have gained 77.66% of your investment in 2036 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.

Brigantine Advisors is an integrated research team with its first focus on the technology sector. The equity research analysts on our team began their careers in industry with most spending an average of 7 years in their respective sectors. In addition, each analyst has spent over 10 plus years on Wall Street and collectively they have over 100 years of experience. We provide our investment clients timely analysis of market trends by identifying major technology shifts. Within the macro environment, we identify profitable investment opportunities with a focus on both the financial and technical capabilities of the companies we analyze.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/5/2010 10:25 AM Buy
None
17.42 22.00
as of 12/31/2010
1 Week up  1.56 %
1 Month up  6.99 %
3 Months up  20.13 %
1 YTD up  79.16 %

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