.jpg "Red Hat (RHT) Receives a Rating Update from a Top Analyst")
Oppenheimer analyst Ittai Kidron maintained a Buy rating on Red Hat (NYSE: RHT) today. The company’s shares opened today at $142.98.
According to TipRanks.com, Kidron is a top 100 analyst with an average return of 24.3% and a 65.4% success rate. Kidron covers the Consumer Goods sector, focusing on stocks such as Juniper Networks, Pure Storage Inc, and Arista Networks.
Currently, the analyst consensus on Red Hat is a Moderate Buy with an average price target of $170.20.
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Red Hat’s market cap is currently $25.28B and has a P/E ratio of 89.58. The company has a Price to Book ratio of 17.65.
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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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