Market Overview

Morgan Stanley Sees Solid 1Q Coming Together For Red Hat

Related RHT
6 High-Quality Tech Stocks To Buy On The Dip
Microsoft, GoPro And 8 More Stocks To Watch Over The Weekend

In a report published Thursday, Morgan Stanley analyst Keith Weiss reiterated an Overweight rating and $69.00 price target on Red Hat (NYSE: RHT).

In the report, Morgan Stanley noted, “Q1 marks RHT's 3rd straight quarter of high teens billings growth or better, with a stable RHEL business and improved cross selling of emerging products driving sustainability of this growth profile. With greater customer adoption of a broader portfolio driving larger deals, we are buyers of RHT.”

Red Hat closed on Wednesday at $53.10.

Latest Ratings for RHT

Feb 2016Cowen & CompanyUpgradesMarket PerformOutperform
Jan 2016Bank of AmericaDowngradesBuyNeutral
Jan 2016BMO CapitalInitiates Coverage onOutperform

View More Analyst Ratings for RHT
View the Latest Analyst Ratings

Posted-In: Keith Weiss Morgan StanleyAnalyst Color Reiteration Analyst Ratings


Related Articles (RHT)

View Comments and Join the Discussion!

Get Benzinga's Newsletters