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Red Hat Inc 20.6% Potential Upside Now Implied by Rosenblatt

Red Hat Inc with TICKER NYSE:RHT has had its stock rating noted as ‘Initiated’ with the recommendation being set at ‘BUY’ yesterday by research analysts at Rosenblatt. Red Hat Inc are listed in the Technology sector within NYSE. Rosenblatt have set their target price at 95 USD on its stock. This would imply the analyst believes there is a potential upside of 20.6% from the opening price of 78.8 USD.


Red Hat Inc NYSE:RHT has a 50 day moving average of 78.52 USD and the 200 Day Moving Average price is recorded at 75.31 USD. The 1 year high stock price is 84.44 USD while the 52 week low for the share price is 59.59 USD. Over the last 30 and 90 trading days the company share price has increased 2.33 points and increased 5.42 points respectively. There are currently 179,732,952 shares in issue with the average daily volume traded being 1,010,586. Market capitalisation for NYSE:RHT is $14,087,468,284.00 USD.


Red Hat, Inc. (Red Hat) provides open source software solutions, using a community-powered approach to develop and offer operating system, virtualization, management, middleware, cloud, mobile and storage technologies. Red Hat operates through three geographical segments: the Americas, including the United States, Canada and Latin America; EMEA, including Europe, Middle East and Africa, and Asia Pacific.