Market Overview

Morgan Stanley Sees Solid 1Q Coming Together For Red Hat

Related RHT
Top 4 NYSE Stocks In The Application Software Industry With The Highest Revenue
UPDATE: Susquehanna Upgrades Red Hat On Stabilization
Red Hat CEO: Tech Nerd to Tech Pro (Fox Business)

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.

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

 

Related Articles (RHT)

Around the Web, We're Loving...

Partner Network

Get Benzinga's Newsletters

Benzinga Professional