A report released today by Rosenblatt about Red Hat (NYSE:RHT) bumps the target price to $95.00
- Updated: November 28, 2016
Having a price of $78.81, Red Hat (NYSE:RHT) traded 0.08% higher on the day. The last stock close price is up 4.24% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.03% over the same time period. RHT has recorded a 50-day moving average of $77.29 and a 200-day moving average of $75.60. 256,546 shares of RHT traded, down from an avg. volume of 1,476,290
In a statement issued on 11/28/2016 Rosenblatt upped the price target of Red Hat (NYSE:RHT) to $95.00 reporting a possible upside of 0.21%.
Red Hat has a one year low of $59.59 and a one year high of $84.44 with a price-earnings ratio of 66.28 The company’s market cap is currently $0.
Also covering Red Hat's price target, a total of 30 brokerages have issued a ratings update on RHT. The one year target is $88.13 with eight brokers rating the stock a strong buy, 18 brokers rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 brokerages rating the stock a sell.
Brief Synopsis On Red Hat (NYSE:RHT)
Red Hat, Inc. (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific. Its products and services include infrastructure-related offerings, application development-related and other technology offerings, and consulting, support and training services. Its infrastructure-related offerings include Red Hat Enterprise Linux, Red Hat Satellite and Red Hat Enterprise Virtualization. Its application development-related and other technology offerings include Red Hat JBoss Middleware, Red Hat cloud offerings, Red Hat Mobile and Red Hat Storage. Its consulting services include upgrade planning, platform migrations, solution integration and application development.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.