Rackspace shares should be bought in low to mid $30s, says Oppenheimer After Rackspace reported higher than expected EBITDA and revenue but softer than expected guidance, Oppenheimer thinks that the company's fundamentals and trends are improving. The firm expects the company to benefit from accelerating enterprise cloud adoption, and thinks it may be acquired. It keeps an Outperform rating on the shares.
News For RAX From The Last 14 Days
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