Red Hat
Delayed Nyse - 01/23 10:01:15 pm
128.15USD
+0.11%

Buying pressure

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Jordan Dufee
Analyst

Strategy published on : 04/20/2017 | 15:11

long trade
Stop-loss triggered

Entry price : 87.33$
Target : 94.3$
Stop-loss : 84.6$
Potential : 7.98%

Red Hat Inc shares have been in strong demand lately. The technical chart pattern looks positive which may give rise to new gains.
Investors have an opportunity to buy the stock and target the $ 94.3.

Summary

● The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.


Strengths

● Growth is a substantial asset for the company, as anticipated by dedicated analysts. Within the next three years, growth is estimated to reach 45% by 2020.

● The group's high margin levels account for strong profits.

● Thanks to a sound financial situation, the firm has significant leeway for investment.

● The group usually releases upbeat results with huge surprise rates.

● Analysts have a positive opinion on this stock. Average consensus recommends overweighting or purchasing the stock.

● The tendency within the weekly time frame is positive above the technical support level at 78.2 USD


Weaknesses

● Based on current prices, the company has particularly high valuation levels.

● With an expected P/E ratio at 51.55 and 43.71 respectively for both the current and next fiscal years, the company operates with high earnings multiples.

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