The company’s Multicloud Services segment provides public and private cloud-managed services that allow customers to determine, manage and optimize the right infrastructure, platforms and services. It also provides professional services related to designing and building multicloud solutions and cloud-native applications.
Its Apps & Cross Platform segment includes managed applications; managed security services in the areas of security threat assessment and prevention, threat detection and response, rapid remediation, governance and risk and compliance assistance across multiple cloud platforms, as well as privacy and data protection services, including detailed access restrictions and reporting; data services; and professional services related to designing and implementing application, security and data services.
The Credit Suisse target price is $10. The consensus target for Rackspace Technology stock is $7.88. Shares traded at $5.80 on Friday.
Tellurian
This small-cap energy play is a low-cost way for energy investors looking to benefit from the rise in natural gas prices. Tellurian Inc. (NYSE: TELL) engages in the natural gas business worldwide.
The company is developing a portfolio of natural gas production, liquefied natural gas (LNG) marketing, and infrastructure assets that includes an approximately 27.6 million tons per annum LNG export facility and an associated pipeline. It owns interests in 11,060 net acres of natural gas assets and 78 producing wells located in the Haynesville Shale trend of northern Louisiana.
In July, Tellurian entered into an agreement to purchase natural gas assets from privately held EnSight IV Energy Partners and EnSight Haynesville Partners located in the Haynesville Shale. The purchase price is $125 million, subject to customary closing adjustments, and a contingent payment of $7.5 million, which is based on the price of natural gas and may be payable in March 2023 under certain conditions. Tellurian will fund the purchase with cash on hand and anticipates closing on the EnSight assets in the third quarter of 2022.
The Tellurian stock target price at BofA Securities is $4.50 target but may be headed higher soon. Shares have traded as high as $6.54 in the past year but were changing hands on Friday at $4.05 apiece.
These are five stocks for aggressive investors looking to get share count leverage on companies that have sizable upside potential. While not suited for all investors, they are not penny stocks with absolutely no track record or liquidity, and major Wall Street firms have research coverage.
Originally posted at 24/7 Wall St.
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