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Red Hat Inc 12.5% Potential Upside Now Implied by RBC Capital Mkts

Red Hat Inc with TICKER NYSE:RHT has had its stock rating noted as ‘Reiterated’ with the recommendation being set at ‘OUTPERFORM’ today by analysts at RBC Capital Mkts. Red Hat Inc are listed in the Technology sector within NYSE. RBC Capital Mkts have set a target price of 90 USD on its stock. This is indicating the analyst believes there is a potential upside of 12.5% from the opening price of 80.02 USD.

Red Hat Inc NYSE:RHT has a 50 day moving average of 82.47 USD and a 200 day moving average of 76.72 USD. The 52 week high for the share price is currently at 83 USD while the 52 week low for the stock is 57.87 USD. There are currently 182,848,696 shares in issue with the average daily volume traded being 1,292,858. Market capitalisation for NYSE:RHT is $14,861,941,788.00 USD.

 

Red Hat Inc is a provider of open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, middleware, storage and cloud technologies. The Company employs an open source development model. The open source development model allows it to use the collective input, resources and knowledge of a global community of contributors who can collaborate to develop, maintain and enhance software because the human-readable source code for that software is publicly available and licenses permit modification.