Can the Rally in Red Hat Inc (RHT) Shares Continue?


As of late, it has definitely been a great time to be an investor in Red Hat Inc (RHT). The stock has moved higher by 20.1% in the past month, while it is also above its 20 Day SMA too. This combination of strong price performance and favorable technical, could suggest that the stock may be on the right path.

We certainly think that this might be the case, particularly if you consider RHT recent earnings estimate revision activity. From this look, the company’s future is quite favorable; as RHT has earned itself a Zacks Rank #2 (Buy), meaning that its recent run may continue for a bit longer, and that this isn’t the top for the in-focus company.

RED HAT INC (RHT): Free Stock Analysis Report

Zacks Investment Research

View Comments (1)