Currently, the analyst consensus on Red Hat is Strong Buy and the average price target is $89.30, representing a 21.9% upside. In a report issued on March 14, Deutsche Bank also maintained a Buy rating on the stock with a $95 price target.
Red Hat`s market cap is currently $13.38B and has a P/E ratio of 68.4. The company has a book value ratio of 9.95%.
Unlike Barclays` latest rating, based on the recent corporate insider activity of 82 insiders, corporate insider sentiment is negative on the stock. Most recently, in January 2016, William S. Kaiser, a a Director at RHT sold 18,972 shares for a total of $1,520,606.
According to TipRanks.com, Lenschow is a top 100 analyst with an average return of 12.3% and a 67.2% success rate. Lenschow covers the Technology sector, focusing on stocks such as Cornerstone Ondemand, Dealertrack Holdings, and Palo Alto Networks.
Red Hat Inc is a provider of open source software solutions, using a community-powered approach to develop and offer reliable and high-performing operating system, middleware, virtualization, storage and cloud technologies.