When it comes to the cloud, Red Hat (RHT) is bringing up the rear vs. rivals that include Amazon, Google and Microsoft. That’s the conclusion from Heather Bellini, an analyst for Goldman Sachs, who reduced her rating on the enterprise software company to sell from neutral but maintained her price target of 70. “While we believe that Red Hat is executing well and has potential to be a significant player in the areas of Platform-as-a-Service and
Red Hat (RHT) looks ready to leverage its position as the No. 1 provider of Linux-based open-source operating-system software as it moves deeper into fast-growing areas such as the cloud. So concludes Brian White, an analyst for Cantor Fitzgerald, who initiated coverage on the enterprise software company on Tuesday with a buy rating and a price target of 81. Red Hat stock inched up a fraction, near 69.50, in morning trading in the stock market
Red Hat (RHT) earned at least 10 price target hikes from investment banks Friday, after the Linux leader late Thursday posted Q3 earnings that soundly beat estimates, and its stock rose to 14-year highs. More and larger sales helped fuel results for the quarter ended Nov. 30. The company’s outlook for the current quarter was also in line with analyst views. Red Hat stock was near 68, up 11% in midday trading in the stock market today and its