Red Hat, Inc. (RHT) Maintains Overweight Rating
By Benzinga Staff
March 18, 2010 9:24 AM
March 18, 2010 9:24 AM
Symbols: RHT
Posted in: Analyst Color, Analyst Ratings
Analysts Mark R. Murphy and Brian J. Schwartz at Piper Jaffray have released an update on Red Hat, Inc. (NYSE: RHT).
According to checks conducted by analysts, the company is seeing some positive business momentum. Analysts’ checks also indicate that there is continued positive migration momentum from Unix to Linux operating systems in the past three months.
The price target for Red Hat stock has been set at $36. According to analysts, the main risks faced by the company in achieving the price target are competition, execution on open source strategy, and macroeconomic fluctuations.
Analysts at Piper Jaffray have maintained their Overweight rating for Red Hat, Inc.
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