Monness Remains a Buy on Red Hat (RHT)

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 on Friday at $181.78, close to its 52-week high of $183.54.

According to TipRanks.com, White is a top 25 analyst with an average return of 24.3% and a 73.5% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.

Currently, the analyst consensus on Red Hat is a Moderate Buy with an average price target of $190.

See today’s analyst top recommended stocks >>

The company has a one-year high of $183.54 and a one-year low of $115.31. Currently, Red Hat has an average volume of 1.79M.

Based on the recent corporate insider activity of 86 insiders, corporate insider sentiment is negative on the stock.

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.