Monness Believes Red Hat (RHT) Still Has Room to Grow


Monness analyst Brian White maintained a Buy rating on Red Hat (RHT) today and set a price target of $190. The company’s shares closed yesterday at $184.31, close to its 52-week high of $184.55.

According to TipRanks.com, White is a top 25 analyst with an average return of 25.5% and a 75.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.

Red Hat has an analyst consensus of Moderate Buy, with a price target consensus of $190.

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Red Hat’s market cap is currently $32.59B and has a P/E ratio of 79.86. The company has a Price to Book ratio of 20.19.

Based on the recent corporate insider activity of 84 insiders, corporate insider sentiment is negative on the stock.

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Red Hat, Inc. engages in the provision of open source software solutions. It operates through the following geographical segments: Americas; Europe, Middle East and Africa (EMEA); Asia Pacific; and Corporate. The Corporate segment represents share-based compensation expense.

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