The firm set an $86.00 price target on the shares as well.
The experts argued that the risk/reward profile is once again “compelling.”
In a report issued Thursday, Cowen analysts Gregg Moskowitz, Matthew Broome and Michael Romanelli upgraded shares of Red Hat from Market Perform to Outperform, setting and $86.00 price target.
Here are the stories of tech influencers, from Thomas Edison through Linus Torvalds, who shaped the present and future of technology. Some of these icons are less famous than others, but all have had a role in shaping and changing the way we live, work, and communicate.
We've said a few times now that Google's virtual reality initiative is too big for the company to just be working on Google Cardboard, and now the Financial Times has published a report detailing what seems to be the next phase of Google's VR push. The report says that Google is working on "a successor to Cardboard," creating a higher-quality headset and building VR software directly into Android.
Glide, an Israeli-developed video messaging app that is one of the most popular of its type in the world, is coming to Android Wear watches – with users now able to see and hear video messages on their watches almost in real time.