Is Rackspace Technology, Inc. (RXT) A Good Stock To Buy Now?
Key takeaways
- Ricardo Pillai Sat, June 13, 2026 at 8:40 PM GMT+7 3 min read RXT PLTR Is RXT a good stock to buy?
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Is Rackspace Technology, Inc. (RXT) A Good Stock To Buy Now? Ricardo Pillai Sat, June 13, 2026 at 8:40 PM GMT+7 3 min read RXT PLTR Is RXT a good stock to buy? We came across a bullish thesis on Rackspace Technology, Inc. on r/smallstreetbets by lumbridge12. In this article, we will summarize the bulls’ thesis on RXT. Rackspace Technology, Inc. s share was trading at $4.5100 as of June 8th. RXT’s forward P/E was 91.74 according to Yahoo Finance.
Rackspace Technology, Inc. operates as a hybrid cloud and artificial intelligence solutions company in the United States and internationally. RXT is emerging as a potentially overlooked beneficiary of the growing enterprise AI infrastructure market following its partnership announcement with Palantir Technologies. The company, which once traded near $26 per share before collapsing to below $0.50, has recently attracted renewed investor attention after Palantir selected Rackspace to support deployment of its Artificial Intelligence Platform (AIP) on Rackspace’s infrastructure.
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