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Rosenblatt Securities announced Red Hat Inc (NYSE:RHT), boosting its stock price target to $95.00 today

Yesterday Red Hat Inc (NYSE:RHT) traded 0.08% higher at $78.81. The company’s 50-day moving average is $77.29 and its 200-day moving average is $75.60. The last closing price is up 4.24% from the 200-day moving average, compared to the S&P 500 which has decreased -0.03% over the same time period. 256,546 shares of the stock traded hands, down from an average trading volume of 1,476,290

In a report released on 11/28/2016 Rosenblatt Securities increased the stock price target of Red Hat Inc (NYSE:RHT) to $95.00 indicating a possible upside of 0.21%.

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

In addition to Rosenblatt Securities reporting its stock price target, a total of 30 brokers have issued a research note on the company. The average stock price target is $88.13 with 8 brokers rating the stock a strong buy, 18 brokers rating the stock a buy, 4 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers 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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