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Red Hat (NYSE:RHT) stock price target increased to $115.00, issued a ratings update today by Stifel

In a report released on 6/21/2017 Stifel increased the stock price target of Red Hat (NYSE:RHT) from $83.00 to $115.00 reporting a potential upside of 0.28%.

Previously on 05/24/2017, Bernstein released a statement for Red Hat (NYSE:RHT) bumped up the target price from $0.00 to $102.00. At the time, this indicated a possible upside of 0.16%.

Yesterday Red Hat (NYSE:RHT) traded -0.41% lower at $89.96. The company’s 50-day moving average is $102.94 and its 200-day moving average is $92.77. The last stock close price is down 15.66% from the 200-day moving average, compared to the S&P 500 which has increased 0.04% over the same time period. 1,208,885 shares of RHT traded hands, down from an average trading volume of 1,607,240

Recent Performance Chart

Red Hat (NYSE:RHT)

Red Hat has 52 week low of $68.54 and a 52 week high of $108.13 with a PE ratio of 73.49 and has a market capitalization of $0.

In addition to Stifel reporting its stock price target, a total of 30 analysts have released a research note on RHT. The one year target is $88.13 with eight analysts rating the company a strong buy, eighteen analysts rating the company a buy, four analysts rating the company a hold, one analyst rating the company a underperform, and lastly zero analysts rating the company a sell.

More About 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.

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