Avoid the stress of overpaying for a stock or missing an opportunity by using the right tools and insights to evaluate Rackspace Technology, Inc. before investing.

In this article, we go over a few key elements for understanding Rackspace Technology, Inc.’s stock price such as:

• Rackspace Technology, Inc.’s current stock price and volume
• Why Rackspace Technology, Inc.’s stock price changed recently
• Upgrades and downgrades for RXT from analysts
• RXT’s stock price momentum as measured by its relative strength

About Rackspace Technology, Inc. (RXT)

Before we jump into Rackspace Technology, Inc.’s stock price, history, target price and what caused it to recently rise, let’s take a look at some background.

Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States, the United Kingdom, and internationally. It operates through two segments, Public Cloud and Private Cloud. The company offers programmatic infrastructure, including hardware and services for datacenter compute, network, storage, and data protection; cloud operating systems; platform-as-a-service; private cloud solutions; and private cloud services, such as managed, professional, elastic engineering, and security services, as well as an email platform for customers and carriers. It also provides a cloud platform that offers platform-related services, including cloud strategy and architecture, platform and infrastructure migrations, and modern cloud infrastructure; cloud apps that build and manage applications within a cloud technology stack; and cloud data, which helps accelerate the adoption of modern data solutions enabling business transformation. In addition, the company offers cloud security that provides security solutions in security threat assessment and prevention; proactive threat detection and response; rapid remediation; governance, risk, and compliance assistance across multiple cloud platforms; and privacy and data protection services, including detailed access restrictions and reporting. Further, it provides Rackspace AI, a portfolio of AI services and solutions to help organizations scale AI, as well as multi-cloud strategy, data and application modernization, cloud adoption, cloud-native enablement, SaaS lifecycle management, and data management services. The company serves the financial services, government, healthcare, manufacturing, non-profit, education, SaaS and ISV, consumer goods, oil and gas, and other industries. The company was formerly known as Rackspace Corp. and changed its name to Rackspace Technology, Inc. in June 2020. Rackspace Technology, Inc. was founded in 1998 and is headquartered in San Antonio, Texas.

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What Caused Rackspace Technology, Inc. Stock’s Price to Rise?

Stock prices are primarily based on seller supply and buyer demand. But have you ever wondered about what other factors affect a stock's price?

When an analyst changes their opinion of a stock by upgrading or downgrading their rating, it often leads to a sudden stock price adjustment. As of May 01, 2026, there were 0 analysts who downgraded Rackspace Technology, Inc.’s stock and 1 analyst who upgraded over the last month.

Additionally, you'll want to evaluate Rackspace Technology, Inc.’s financial health and valuation. Investors can use AAII's Value Grade, which combines six key valuation metrics like P/E and P/S ratios for a comprehensive analysis to conduct analysis on Rackspace Technology, Inc.’s valuation and financial health. This approach mitigates the limitations of single-metric evaluations.

Rackspace Technology, Inc.’s current valuation based on AAII’s Value Grade is a B, which means it is considered to be Value.

Learn how to evaluate stocks with AAII Grades and Scores with A+ Investor today.

Lastly, news and media coverage as well as recent press reports about the company or its industry may cause stock prices to fluctuate. You can check out the most recent news articles about Rackspace Technology, Inc. (RXT) by visiting AAII Stock Evaluator.

Relative Price Strength of Rackspace Technology, Inc.

Relative price strength measures a stock's performance against the market, helping investors identify stocks that are outperforming benchmarks.

For AAII’s Momentum Grade, a weighted relative price strength is calculated. Follow this link to learn more about the Momentum Grade.

As of May 01, 2026, Rackspace Technology, Inc. has a weighted four-quarter relative price strength of 69.39%, which translates to a Momentum Score of 99 and is considered to be Very Strong.

Want to learn more about how Rackspace Technology, Inc. is graded based on AAII’s composite scores for value, growth, quality and earnings estimate revisions? Subscribe to A+ Investor today.

Rackspace Technology, Inc. Stock Price: Bottom Line

As of May 1, 2026, Rackspace Technology, Inc.’s stock price is $1.770, which is up 21.23% from its previous closing price.

AAII advises against making stock decisions based solely on price or past returns. Instead, consider a variety of metrics, fundamentals, and analytics to evaluate a stock like Rackspace Technology, Inc. stock prices are influenced by market supply and demand and offer just a snapshot of a company's overall health.

Subscribing to AAII's A+ Investor provides access to comprehensive analytics and insights for confident investing.