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Stifel Nicolaus issued a report on Red Hat Inc (NYSE:RHT), upping its target price to $115.00 today

Red Hat Inc (NYSE:RHT) had its stock price target increased to $115.00 by Stifel Nicolaus in an issued report announced 6/21/2017. The upped price target suggests a possible upside of 0.28% based on the company's most recent stock price close.

On Wednesday May 24, 2017, Bernstein released a statement for Red Hat Inc (NYSE:RHT) bumped up the target price from $0.00 to $102.00 that suggested an upside of 0.16%.

Boasting a price of $89.96, Red Hat Inc (NYSE:RHT) traded -0.41% lower on the day. With the last stock price close down 15.66% from the two hundred day average, compared with the S&P 500 Index which has increased 0.04% over the date range. Red Hat Inc has recorded a 50-day average of $102.94 and a 200-day moving average of $92.77. 1,208,885 shares of the stock traded hands, down from an average trading volume of 1,607,240

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Red Hat Inc (NYSE:RHT)

Red Hat Inc has a 52 week low of $68.54 and a 52 week high of $108.13 with a P/E ratio of 73.49 The company’s market cap is currently $0.

In addition to Stifel Nicolaus reporting its stock price target, a total of 30 brokers have issued a report 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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