In a report issued on June 22, Gregg Moskowitz from Cowen & Co. reiterated a Buy rating on Red Hat (NYSE: RHT), with a price target of $165. The company’s shares closed yesterday at $139.77.
According to TipRanks.com, Moskowitz is a 5-star analyst with an average return of 19.8% and a 69.4% success rate. Moskowitz covers the Technology sector, focusing on stocks such as Proofpoint Inc, Atlassian, and Verisign.
Red Hat has an analyst consensus of Moderate Buy, with a price target consensus of $168.65, implying a 20.7% upside from current levels. In a report issued on June 18, Monness also maintained a Buy rating on the stock with a $200 price target.
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The company has a one-year high of $177.70 and a one-year low of $94.47. Currently, Red Hat has an average volume of 2.02M.
Based on the recent corporate insider activity of 89 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. 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.
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