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Enter Symbol:
 
Red Hat Inc. (RHT) [hlAlert]

Rating:
Buy RHT
up 264.44 %

Right Mgmt Consultant Inc (RHT) rated Buy with price target $26 by Argus

Posted on: Friday,  Jun 12, 2009  8:25 AM ET by Argus

Argus rated Buy Red Hat Inc. (NYSE: RHT) on 06/12/2009, when the stock price was $20.36. Since
then, Red Hat Inc. has gained 264.44% as of 01/08/2016's recent price of $74.20.
If you would have followed this Argus's recommendation on RHT, you would have gained 264.44% of your investment in 2401 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.

Argus Research is an independent research firm, and our business is producing, distributing and marketing high-quality investment and economic research. Our recommendations - BUY, HOLD and SELL - reflect the judgment of an analyst about a company's prospects as an investment in terms of value, expected growth and risks. Argus Research does not bring companies public, advise companies on mergers and acquisitions, broker trades, make markets in stocks or manage money. Our independence allows us to make critical judgments about companies that we might not be so free to make were we competing for a firm's underwriting business. Because we're not a broker/dealer, we don't have "inventory" of a stock that we have to move with a tainted recommendation. We have developed a six-point system for analyzing the stocks in our Universe of Coverage. We believe that this system
Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
6/12/2009 8:25 AM Buy
None
20.36 26.00
as of 12/31/2009
1 Week up  36.35 %
1 Month up  60.14 %
3 Months up  54.70 %
1 YTD up  110.01 %

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