Red Hat Inc
RHT
Delayed Nyse - 12/13 10:02:01 pm
126.49USD
+0.59%

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.
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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