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Enter Symbol:
Rating: RAX
Outperform $43

Rackspace Hosting Inc. (NYSE: RAX) upgraded to Outperform with price target $43 by Oppenheimer

Tuesday,  Aug 11, 2015  8:25 AM ET by Dave Ficere

Oppenheimer upgraded Rackspace Hosting Inc. (NYSE: RAX) to Outperform with
price target $43. Previously Oppenheimer rated Perform Rackspace Hosting Inc. (NYSE: RAX) on 01/06/2011, when the stock price was $31.18.

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.

OppenheimerFunds, Inc. has been helping investors achieve their financial goals since 1960. We are one of the nation's largest and most respected asset management companies. At OppenheimerFunds, we believe that in order for you to reach your financial goals, your investments must perform. That is why investment excellence—over the long term and across the range of our products—is our highest priority. OppenheimerFunds and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, hedge fund products, qualified retirement plans and subadvisory investment-management services.

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