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Analysts raise Red Hat targets after earnings

Published 03/27/2018, 10:05 AM
© Reuters.  Analysts raise Red Hat targets after earnings
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  • BMO Capital Markets raises its Red Hat (NYSE:RHT) target from $172 to $180, a nearly 18% upside to yesterday’s close.
  • Firm says the quarter was solid in almost every area but with particular strength in big deals.
  • BMO was disappointed by the FY19 margin and OCF guidance.
  • Stifel raises its Red Hat target from $150 to $172 (12% upside.)
  • Firm thinks Red Hat continues to elevate its strategic positioning with increasing demand for hybrid cloud environments.
  • Stifel expects Red Hat to sustain mid-ten RHEL growth, over 30% emerging product growth, and mid-teen billings growth along with modest margin expansion in the coming years.
  • Red Hat shares are up 3.8% to $158.88.
  • Now read: Red Hat: King Of Consistency


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