Red Hat (NYSE:RHT) shares reached a new 52-week high on Tuesday , AnalystRatings.NET reports. The stock traded as high as $61.97 and last traded at $61.89, with a volume of 490,453 shares traded. The stock had previously closed at $60.97.
A number of analysts have recently weighed in on RHT shares. Analysts at Wells Fargo & Co. downgraded shares of Red Hat to a “buy” rating in a research note on Friday, August 1st. Separately, analysts at RBC Capital raised their price target on shares of Red Hat from $64.00 to $70.00 in a research note on Friday, August 1st. Finally, analysts at Susquehanna upgraded shares of Red Hat from a “neutral” rating to a “positive” rating in a research note on Friday, August 1st. They now have a $70.00 price target on the stock, up previously from $57.00. Three equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Red Hat has an average rating of “Buy” and an average price target of $63.50.