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Red Hat Inc (NYSE:RHT) target price raised to $81.54, reported today by Vetr Inc.

Having a price of $72.95, Red Hat Inc (NYSE:RHT) traded 0.04% lower on the day. With the last stock price down 0.23% from the two hundred day average, compared with the S&P 500 which has fallen -0.01% over the same time period. Red Hat Inc has logged a 50-day moving average of $73.93 and 200-day average of $73.84. 2,325,872 shares of the stock traded hands, up from ann avg. trading volume of 1,591,180

In a statement issued on 9/14/2016 Vetr Inc. upped the target price of Red Hat Inc (NYSE:RHT) from $0 to $82 indicating a possible upsideof 0.12%.

Previously on 9/08/2016, Vetr Inc. released a statement about Red Hat Inc(NYSE:RHT) upped the target price from $0.00 to $81.54. At the time, this indicated a possible upside of 0.12%.

Recent Performance Graphic:

Red Hat Inc (NYSE:RHT)

A total of 30 equity analysts have released a research note on Red Hat Inc. Eight analysts rate the company a strong buy, 18 analysts rate the company a buy, four firms rate the company a hold, one brokerage rate the company to underperform, and lastly 0 firmsrate the stock as sell with a 12-month target stock price of $88.13

Red Hat Inc has a one-year low of $59.59 and a one-year high of $84.44 with a price-earnings ratio of 65. The company’s total market value is presently $0.0.

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, and solution integration and application development.

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