Red Hat (NYSE: RHT) received a number of price target changes and ratings updates during the last week:

  • Red Hat had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co..
  • Red Hat had its “overweight” rating reaffirmed by analysts at Piper Jaffray. They now have a $64.50 price target on the stock.
  • Red Hat had its “neutral” rating reaffirmed by analysts at Cowen.
  • Red Hat had its “buy” rating reaffirmed by analysts at Drexel Hamilton. They now have a $65.00 price target on the stock.
  • Red Hat had its price target raised by analysts at Mizuho from $60.00 to $65.00. They now have a “buy” rating on the stock.
  • Red Hat had its “buy” rating reaffirmed by analysts at Jefferies Group.
  • Red Hat had its “neutral” rating reaffirmed by analysts at Goldman Sachs.
  • Red Hat had its “buy” rating reaffirmed by analysts at Needham & Company. They now have a $63.00 price target on the stock.
  • Red Hat had its “outperform” rating reaffirmed by analysts at Wells Fargo & Co..
  • Red Hat had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $65.00 price target on the stock.
  • Red Hat had its “neutral” rating reaffirmed by analysts at MKM Partners. They now have a $60.00 price target on the stock.
  • Red Hat had its price target raised by analysts at Goldman Sachs to $58.00. They wrote, “FY13 guidance had puts and takes: revenue is expected to be $1.32- $1.33bn (due to slower training and services) versus $1.32-$1.34bn prior, while CFO was guided to the higher end of the prior $440-$460mn range. With more of RHT’s services revenue being pushed to third parties, this line item will be an important metric to monitor in FY14 as the segment’s comps should become more normalized. We continue to forecast billings growth of 15% in FY13 (ending Feb13) in line with consensus prior to the earnings call, while on the CFO front we are now expecting $459mn ($452mn prior).”

Shares of Red Hat traded down 1.43% during mid-day trading on Wednesday, hitting $54.29. Red Hat has a one year low of $37.85 and a one year high of $62.75. The company has a market cap of $10.481 billion and a P/E ratio of 73.44.

Red Hat, Inc. (Red Hat) is engaged in providing open source software solutions to the enterprise, including its Red Hat Enterprise Linux and JBoss Enterprise Middleware.