Red Hat Inc (NYSE:RHT) soared 1.62% during previous trade, a total of 1.41M shares exchanged hands compared with its average trading volume of 1.82M shares. The stock has a market capitalization of $13.52B along with 181.10M outstanding shares. On year trading price range hit the peak level of $84.44 and touched the lowest level of $59.59.

Most recently Red Hat Inc (NYSE:RHT)’s price target was revised on 07/13/16 and according to 29 analysts stock’s price will reach at $87.97 during 52 weeks with standard deviation of 7.27. Stock’s minimum price target estimates has been figured out at $74.00 while the maximum price target forecast is established at $105.00, if we look at the price target with an optimistic approach it has upside potential of 43% from its latest closing price of $73.47.

Historically, if we look at price target revisions during last one month, three weeks ago stock’s price target was revised on 06/24/16 by the analysts. The bullish price estimates of the stock is set at $105.00 while the bearish estimates kept at $75.00 over the next one year. Stock’s 52-week target was retained at $88.53, the estimates indicates a standard deviation of 7.27. After that the stock’s target price was revised on 07/06/16, approximately two weeks ago. Red Hat Inc (NYSE:RHT) highest price target was set at $105.00 and lowest target was at $75.00. The company’s one year price target was secure at $88.53 and its standard deviation of 7.27. Moreover one week ago on 07/13/16 the company’s price target was revised at $88.53 with 52 week price target range of $105.00 – $75.00. The estimates signifies a standard deviation of 7.27.

While taking an overview of recommendation trends, the stock currently has an average brokerage recommendation of 1.31. ABR value is precisely based on brokerage recommendations, where out of 16 brokerage recommendations 13 rate Red Hat Inc (NYSE:RHT) stock a Strong Buy, 1 rate the stocks of the company a Buy, 2 rate Hold, 0 rate Sell and 0 recommend a Strong Sell. Most recently on 7/7/2016 the stock of Red Hat Inc (NYSE:RHT) downgraded by Morgan Stanley from Overweight to Equal-Weight. However previously on 4/14/2016 it was upgraded by Pacific Crest from Sector Weight to Overweight. A research note issued on 2/18/2016 the stock was upgraded by Citigroup from Neutral to Buy.

Red Hat Inc (NYSE:RHT) performance over the past one year plunged -7.40%, during the last six months the stock rose 1.39%. Quarterly performance of the company shows declining momentum of -1.84% while its last one month trend is negative with -7.87%. Stock’s weekly performance expressed up down trend of 0.88%.

According to consensus agreement of 29 analysts Red Hat Inc (NYSE:RHT) will report earnings per share of $0.54 in their quarterly report and it is expected to announce the company’s results on 9/19/16. For the current quarter the company has high EPS estimates of $0.62 in contradiction of low EPS estimates of $0.52. However a year ago for the same quarter the company has reported $0.47 EPS.