Professional
Added to YB: 2024-08-02
Pitch date: 2024-07-31
RXT [neutral]
Rackspace Technology, Inc.
+45.53%
current return
Author Info
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Company Info
Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally.
Market Cap
$1.0B
Pitch Price
$2.35
Price Target
N/A
Dividend
N/A
EV/EBITDA
12.16
P/E
-6.48
EV/Sales
1.53
Sector
IT Services
Category
turnaround
Pernas Research More Research Needed On: Rackspace Technology, Inc.
RXT: Cloud services co. pivoting to AI deployment expertise. $525M mkt cap, EV/EBITDA 12.5x. Well-positioned for mid-sized firms' AI needs. $2B+ variable rate debt risk. Successfully redirecting resources to AI solutions. More research needed on financials & AI potential. Recent IPO (2020) post-Apollo LBO.
Read full article (1 min)