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, 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, 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.


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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.

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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.