Market Overview

Morgan Stanley Sees Solid 1Q Coming Together For Red Hat

Share:
Related RHT
Benzinga's Top Upgrades, Downgrades For October 24, 2017
Benzinga's Option Alert Recap From October 12

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

DateFirmActionFromTo
Oct 2017Bank of AmericaDowngradesNeutralUnderperform
Sep 2017BarclaysMaintainsOverweight
Sep 2017Bank of AmericaMaintainsNeutral

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!

Partner Center