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UBS announced Red Hat (NYSE:RHT), boosting its stock price target to $90.00 today

Just yesterday Red Hat (NYSE:RHT) traded 1.66% higher at $77.04. RHT’s 50-day average is $74.08 and its two hundred day average is $74.11. With the last stock price close up 3.95% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the same period. Volume of trade was up over the average, with 3,022,054 shares of RHT changing hands over the typical 1,607,120

In a report released on 9/22/2016 UBS increased the stock price target of Red Hat (NYSE:RHT) from $85.00 to $90.00 reporting a possible upside of 0.17%.

Previously on Wednesday September 14, 2016, Vetr Inc. released a statement about Red Hat (NYSE:RHT) increased the target price from $0.00 to $81.54. At the time, this indicated a possible upside of 0.12%.

Performance Chart

Red Hat (NYSE:RHT)

With a total market value of $0, Red Hat has price-earnings ratio of 67.58 with a one year low of $59.59 and a one year high of $84.44 .

A total of 30 analysts have released a report on Red Hat. 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 finally zero analysts rating the company a sell with a 12-month price target of $88.13.

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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