Red Hat (RHT) Received its Third Buy in a Row


After Barclays and RBC Capital gave Red Hat (NYSE: RHT) a Buy rating last month, the company received another Buy, this time from KeyBanc. Analyst Alex Kurtz maintained a Buy rating on Red Hat today and set a price target of $180. The company’s shares closed yesterday at $143.16.

According to TipRanks.com, Kurtz is a 5-star analyst with an average return of 16.4% and a 69.2% success rate. Kurtz covers the Consumer Goods sector, focusing on stocks such as Pure Storage Inc, Arista Networks, and Cisco.

Red Hat has an analyst consensus of Moderate Buy, with a price target consensus of $166.13, implying a 16.0% upside from current levels. In a report issued on September 7, Barclays also maintained a Buy rating on the stock with a $166 price target.

.

See today’s analyst top recommended stocks >>

The company has a one-year high of $177.70 and a one-year low of $104.51. Currently, Red Hat has an average volume of 2.11M.

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.

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts