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Red Hat Inc. (NYSE:RHT) stock price target increased to $89.00, issued a research note today by BMO Capital Markets

Yesterday Red Hat Inc. (NYSE:RHT) traded 1.66% higher at $77.04. The company’s 50-day moving average is $74.08 and its 200-day moving average is $74.11. The last stock close price is up 3.95% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,022,054 shares of the stock were exchanged, up from an average trading volume of 1,607,120

In a report released on 09/22/2016 BMO Capital Markets increased the stock price target of Red Hat Inc. (NYSE:RHT) from $85.00 to $89.00 indicating a possible upside of 0.16%.

Previously on 9/14/2016, Vetr Inc. reported about Red Hat Inc. (NYSE:RHT) raised the target price from $0.00 to $81.54. At the time, this indicated a possible upside of 0.12%.

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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 67.58 The company’s market cap is currently $0.

In addition to BMO Capital Markets reporting its target price, a total of 30 firms have issued a report on the stock. The consensus target price is $88.13 with 8 firms rating the stock a strong buy, 18 firms rating the stock a buy, 4 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

General Information About 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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