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

Rating:
Mkt Outperform
RAX
up 519.00 %

Rackspace Hosting Inc. (RAX) rated Mkt Outperform with price target $48 by JMP Securities

Posted on: Tuesday,  May 10, 2011  10:25 AM ET by JMP Securities

JMP Securities rated Mkt Outperform Rackspace Hosting Inc. (NYSE: RAX) on 05/10/2011. Previously JMP Securities rated Mkt Outperform Rackspace Hosting Inc. (NYSE:
RAX) on 02/20/2009., when the stock price was $5.00. Since then, Rackspace Hosting Inc. has gained 519.00% as of 12/01/2015's recent price of $30.95.
If you would have followed the previous JMP Securities's recommendation on RAX, you would have gained 519% of your investment in 2475 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.

MP Securities' equity research department provides institutional clients with comprehensive industry knowledge, unique insight and actionable information. JMP's senior research analysts are charged with developing proprietary investment themes, anticipating secular and cyclical changes and producing action-oriented reports. JMP follows companies in six industries that exhibit above-average long-term growth characteristics — Technology, Healthcare, Consumer, Real Estate, Financial Services and Business Services — and produces specialized equity research that enables investors to understand and invest in complicated growth stocks profitably.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/10/2011 10:25 AM Buy
None
44.29 48.00
as of 12/30/2011
1 Week down  -0.69 %
1 Month down  -0.85 %
3 Months up  25.98 %
1 YTD up  36.93 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
2/20/2009 10:25 AM Buy
None
5.00 9.00

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