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Red Hat Inc. (RHT) [hlAlert]

up 62.86 %

Red Hat Inc. (RHT) upgraded to Outperform with price target $50 by Robert W. Baird

Posted on: Thursday,  Mar 24, 2011  8:25 AM ET by Robert W. Baird

Robert W. Baird rated Outperform Red Hat Inc. (NYSE: RHT) on 03/24/2011, when the stock price was $45.56.
Since then, Red Hat Inc. has gained 62.86% as of 01/08/2016's recent price of $74.20.
If you would have followed this Robert W. Baird's recommendation on RHT, you would have gained 62.86% of your investment in 1751 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.

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Stock Market Advice
Date/Time (ET)SymbolRatingTermPrice (*)Target
3/24/2011 8:25 AM Buy
45.56 50.00
as of 12/30/2011
1 Week down  -0.72 %
1 Month down  -17.55 %
3 Months down  -2.29 %
1 YTD down  -9.37 %
Previous Recommendations
Date/Time (ET)SymbolRatingTermPrice (*)Target
5/1/2009 8:25 AM Hold
17.12 17.00

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