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UBS Securities recorded Red Hat Inc. (NYSE:RHT), bumping its target price to $90.00 today

Only yesterday Red Hat Inc. (NYSE:RHT) traded 1.66% higher at $79.66. The company’s 50-day moving average is $74.08 and its 200-day moving average is $74.11. The last closing price is up 3.95% relative to the two hundred day average, compared with the Standard & Poor's 500 Index which has decreased -0.01% over the date range. Volume of trade was up over the average, with 3,022,054 shares of RHT changing hands over the typical 1,607,120

Red Hat Inc. (NYSE:RHT) had its target price upped to $90.00 by UBS Securities in an issued report announced Thursday September 22, 2016. The bumped up price target suggests a potential upside of 0.13% based on the company's last closing price.

Previously on 9/14/2016, Vetr Inc. reported on Red Hat Inc. (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 Inc. (NYSE:RHT)

With a total market value of $0, Red Hat Inc. 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 equity analysts have released a ratings update on RHT. Eight equity analysts rating the company a strong buy, eighteen equity analysts rating the company a buy, four equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $88.13.

Brief Synopsis 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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