Red Hat: Credit Suisse raises target price.
(CercleFinance.com) - In reaction to the quarterly accounts published last night, Credit Suisse has raised its target price on the Red Hat stock from 111 dollars to 113 dollars, while maintaining its "neutral" rating.
The broker hails the acceleration of growth in the "App Dev" and "Emerging Tech" segments. In terms of figures, it points out that the group's non-GAAP operating margin exceeded the consensus by 2.6 points, at 26.4%.
Following this quality publication, Credit Suisse has revised its forecasts for revenues and non-GAAP EPS for 2018 to 2.89 billion dollars and 2.77 dollars, respectively, against 2.81 billion dollars and 2.7 dollars previously. For 2019, Credit Suisse now expects sales of 3.3 billion dollars and EPS of 3.22 dollars, against 3.2 billion dollars and 3.17 dollars previously.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The broker hails the acceleration of growth in the "App Dev" and "Emerging Tech" segments. In terms of figures, it points out that the group's non-GAAP operating margin exceeded the consensus by 2.6 points, at 26.4%.
Following this quality publication, Credit Suisse has revised its forecasts for revenues and non-GAAP EPS for 2018 to 2.89 billion dollars and 2.77 dollars, respectively, against 2.81 billion dollars and 2.7 dollars previously. For 2019, Credit Suisse now expects sales of 3.3 billion dollars and EPS of 3.22 dollars, against 3.2 billion dollars and 3.17 dollars previously.
Copyright (c) 2017 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.