Monness analyst Brian White maintained a Buy rating on Red Hat (RHT) today and set a price target of $190. The company’s shares opened today at $176.16, close to its 52-week high of $179.49.
According to TipRanks.com, White is a top 100 analyst with an average return of 17.5% and a 63.3% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Red Hat with a $175.89 average price target.
See today’s analyst top recommended stocks >>
Based on Red Hat’s latest earnings release for the quarter ending August 31, the company reported a quarterly net profit of $86.85 million. In comparison, last year the company had a net profit of $101 million.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
Red Hat, Inc. engages in the provision of open source software solutions. The firm operates its business through the following segments: Americas, EMEA, Asia Pacific, and Corporate. The company was founded by Robert F. Young in March 1993 and is headquartered in Raleigh, NC.
