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Red Hat Inc. (RHT) [hlAlert]

Rating:
Buy RHT
up 58.34 %

Red Hat Inc. (RHT) rated Buy with price target $55 by Maxim Group

Posted on: Wednesday,  Dec 11, 2013  8:25 AM ET by Maxim Group

Maxim Group rated Buy Red Hat Inc. (NYSE: RHT) on 12/11/2013, when the stock price was $46.86. Since
then, Red Hat Inc. has gained 58.34% as of 01/08/2016's recent price of $74.20.
If you would have followed this Maxim Group's recommendation on RHT, you would have gained 58.34% of your investment in 758 days.

Red Hat Inc.(Red Hat) is engaged in providing open source software solutions to the enterprise, including its core enterprise operating system platform, Red Hat Enterprise Linux, its enterprise middleware platform, JBoss Enterprise Middleware, its virtualization solutions and other Red Hat enterprise technologies. The Company employs an open source software development and licensing model that uses the collaborative input of an international community of contributors to develop and enhance software. The collectively developed software is distributed under open source licenses, such as the GNU General Public License and GNU Lesser General Public License, permitting access to the human-readable software source code. In March 2008, the Company acquired Amentra, Inc., and in September 2008, it acquired Qumranet, Inc. Its wholly owned subsidiary is Red Hat Professional Consulting, Inc.

At Maxim Group, our vision for equity research is to be a client’s first call for value-added research on companies not widely followed by Wall Street. Maxim’s premier niche is emerging-growth companies in a variety of sectors, including healthcare, technology, retail and others. As strong believers in fundamental research, our analysts utilize a “bottom up” approach to making investment recommendations. We combine rigorous financial analysis of specific companies and industries with due diligence that includes frequent consults with suppliers, customers, competitors and senior management. By applying these skills and techniques, we are able to offer our clients differentiated research.
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
12/11/2013 8:25 AM Buy
None
46.86 55.00
as of 12/13/2013
1 Week down  -0.19 %
1 Month   
3 Months   
1 YTD down  -0.19 %

(*) Stock Price at the time of the recommendation.
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