In a research note issued to investors, span class=”tipranks-expert-name”> Brian Schwartz at Oppenheimer Reiterated their Buy rating on Red Hat Inc (NYSERHT). The analyst placed a $88.00 price target on the stock which indicates a 15.38% upside to the last closing price. In the year following Brian’s ratings, the stocks covered yield an average return of 24.8% according to TipRanks.com. In the past year 98 out of 127 recommendations or 77% were successful.
In looking at the consensus numbers, the sell-side analysts covering the stock have a mean target price of $83.333 for Red Hat, Inc. (NYSE:RHT). This number is the mean estimate from the 18 research brokerages that recently issued reports on the firm.
According to Wall Street, Red Hat, Inc. (NYSE:RHT) is expected to report earnings per share for the current fiscal quarter of $0.29. This is the consensus mean estimate based on the individual covering sell-side analysts’ reported numbers. The company last reported earnings for the period ending on 2015-05-31 of $0.31.
The average recommendation is the arithmetical average of the individual analyst ratings contributed by sell-side research to produce a Consensus Analyst Rating for each stock. On a scale of 1 to 5 where 1 represents a Strong Buy and 5 represents a Strong Sell, has the equity is ranked 1.54 based on 18 broker recommendations. Of the 18 analyst estimates, the most bullish sees the stock reaching $92 within the next 12 months while the most bearish analyst sees the stock at $70 within the year.
Taking a look at the long term growth prospects of the company, sell-side analysts have a consensus mean earnings per share estimate for the current year of $1.27. The high end estimate for this time frame is $1.34 with the low being $1.2. In looking at the next three to five years, the long term earnings per share estimate growth rate for the company is 15.23%, based on 7 analysts providing projections.