Red Hat (RHT) Receives a Rating Update from a Top Analyst

By Ryan Adsit

In a report released today, Brian White from Monness maintained a Buy rating on Red Hat (NYSE: RHT), with a price target of $186. The company’s shares closed on Friday at $148.86.

According to TipRanks.com, White is a top 100 analyst with an average return of 20.2% and a 68.9% success rate. White covers the Technology sector, focusing on stocks such as Salesforce.com, Alphabet Inc, and Cloudera Inc.

Red Hat has an analyst consensus of Moderate Buy, with a price target consensus of $170.07, a 14.2% 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 2.08M.

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.