Rackspace Hosting

Bank of America has raised the price target on Rackspace Hosting (NYSE: RAX) from $47 to $49 and maintains its Buy rating.

Raymond James has downgraded Rackspace Hosting (NYSE: RAX) from Outperform to Market Perform citing valuation.

Deutsche Bank is raising its PT on Rackspace Hosting, Inc. (NYSE: RAX) to $45 from $30.

Piper Jaffray has downgraded Rackspace Hosting (NYSE: RAX) from Overweight to Neutral and maintains its $29 price target.

Oppenheimer has published a research report on Rackspace Hosting, Inc. (NYSE: RAX) and has downgraded the company to Perform. In the report, Oppenheimer writes "We are downgrading RAX to Perform from Outperform, and removing our $28 price target, effective 1/6 at $31.81. We remain positive on...

Oppenheimer is modestly raising its Rackspace Hosting, Inc. (NYSE: RAX) estimates for 2010/2011 and introducing forecasts for 2012. “Our '12E revenue ($1,093M) and adj. EBITDA ($386M) stand just below consensus at $1,176M/$408M, respectively,” Oppenheimer writes. “While it appears that business...

Oppenheimer is downgrading Rackspace Hosting, Inc. (NYSE: RAX) to Perform from Outperform, and is removing its $28 price target.

In a report released this morning, Oppenheimer said that at the Light Reading's Ethernet Expo in New York, highlights included how advanced networking technologies are driving a number of key trends in the Internet Services industry. “Importantly, the ongoing enterprise adoption of cloud computing...

Oppenheimer has issued a research report following meetings with Rackspace Hosting (NYSE: RAX) management last week. In the report, Oppenheimer writes "We had an opportunity to meet with Rackpsace management last week. Overall, the tone was upbeat, particularly regarding opportunities in enterprise...

Stephens analyst Barry McCarver initiated coverage of Rackspace Hosting, Inc (NYSE: RAX) today with a rating of Equal-Weight and a price target of $22. McCarver wrote, "while few U.S. companies have yet to guide for significant increases in IT spending in 2010, one piece of the budget that is...