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Vetr Inc. recorded Red Hat Inc (NYSE:RHT), raising its target price to $88.40 today

Red Hat Inc (NYSE:RHT) had its stock price target increased to $88.40 by Vetr Inc. in a report released 11/29/2016. The increased price target implies a potential upside of 0.10% from the company's previous stock price.

On 11/28/2016, Rosenblatt Securities released a statement for Red Hat Inc (NYSE:RHT) raised the target price from $0.00 to $95.00. At the time, this indicated a possible upside of 0.21%.

Just yesterday Red Hat Inc (NYSE:RHT) traded 2.07% higher at $80.00. RHT’s 50-day average is $77.31 and its two hundred day average is $75.69. With the last stock price up 5.69% relative to the two hundred day average, compared with the S&P 500 Index which has decreased -0.03% over the date range. Volume of trade was up over the average, with 1,647,282 shares of RHT changing hands over the typical 1,474,020

Recent Performance Chart

Red Hat Inc (NYSE:RHT)

With a total market value of $0, Red Hat Inc has price-earnings ratio of 67.28 with a 52 week low of $59.59 and a 52 week high of $84.44 .

In addition to Vetr Inc. reporting its target price, a total of 30 brokers have reported on the stock. The consensus target price is $88.13 with 8 brokerages rating the stock a strong buy, 18 brokerages rating the stock 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.

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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