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A statement released today by Zacks Investment Research about Red Hat Inc (NYSE:RHT) ups the target price to $89.00

Red Hat Inc (NYSE:RHT) had its price target upped to $89.00 by Zacks Investment Research in an issued report announced 9/28/2016. The latest stock price target implies a possible upside of 0.13% based on the company's most recent stock price close.

On Thursday September 22, 2016, Vetr Inc. released a statement for Red Hat Inc (NYSE:RHT) bumped up the target price from $0.00 to $81.54 that suggested an upside of 0.06%.

Boasting a price of $78.74, Red Hat Inc (NYSE:RHT) traded 0.84% higher on the day. With the last stock price close up 8.38% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Red Hat Inc has recorded a 50-day average of $75.06 and a two hundred day average of $74.58. Trade Volume was up over the average, with 1,678,171 shares of RHT changing hands over the typical 1,602,860

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Red Hat Inc (NYSE:RHT)

Red Hat Inc has a 52 week low of $59.59 and a 52 week high of $84.44 with a P/E ratio of 67.98 The company’s market cap is currently $0.

Also covering Red Hat Inc's target, a total of 30 brokerages have issued a ratings update on the stock. The consensus target price is $88.13 with 8 brokers rating the stock a strong buy, 18 firms rating the stock a buy, 4 firms rating the company a hold, one equity analyst rating the stock a underperform, and finally 0 analysts rating the company a sell.

General Company Details For Red Hat Inc (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.

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