Drexel Hamilton Reiterates a 'Buy' on Red Hat (RHT); Raising PT, But One Area of Concern
Get Alerts RHT Hot Sheet
Price: $187.71 --0%
Rating Summary:
16 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 17
Rating Summary:
16 Buy, 24 Hold, 2 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 11 | Down: 13 | New: 17
Join SI Premium – FREE
Drexel Hamilton reiterates a 'Buy' on Red Hat (NYSE: RHT) price target raised from $52 to $65.
Analyst, James Gilman, said, "After market close yesterday Red Hat reported F4Q12 results, which handedly beat estimates and management’s previously issued guidance...Management guided F1Q13 and FY13 above prior consensus estimates...The one area concern could the 150 bps operating margin contraction due to planned aggressive investments in personnel and infrastructure."
"However, we believe the size of the investments point to management’s confidence in the company’s future revenue opportunity. We increase our price target based on a relative valuation. "
For an analyst ratings summary and ratings history on Red Hat click here. For more ratings news on Red Hat click here.
Shares of Red Hat closed at $51.39 yesterday.
Analyst, James Gilman, said, "After market close yesterday Red Hat reported F4Q12 results, which handedly beat estimates and management’s previously issued guidance...Management guided F1Q13 and FY13 above prior consensus estimates...The one area concern could the 150 bps operating margin contraction due to planned aggressive investments in personnel and infrastructure."
"However, we believe the size of the investments point to management’s confidence in the company’s future revenue opportunity. We increase our price target based on a relative valuation. "
For an analyst ratings summary and ratings history on Red Hat click here. For more ratings news on Red Hat click here.
Shares of Red Hat closed at $51.39 yesterday.
Serious News for Serious Traders! Try StreetInsider.com Premium Free!
You May Also Be Interested In
- VinFast Auto Ltd. (VFS) PT Lowered to $5 at BTIG
- Antofagasta (ANTO:LN) (ANFGF) PT Raised to GBP22 at CFRA
- CLSA Upgrades Tong Hsing Electronic Industries Ltd (6271:TT) to Outperform (2)
Create E-mail Alert Related Categories
Analyst Comments, Analyst EPS View, Analyst PT ChangeSign up for StreetInsider Free!
Receive full access to all new and archived articles, unlimited portfolio tracking, e-mail alerts, custom newswires and RSS feeds - and more!