Red Hat (RHT) Continues To Be an Open Source Leader

It's been a while since I last posted about Red Hat (RHT). Today (02013.08.29), Red Hat issued a press release announcing "it has been positioned by Gartner, Inc. in the Leaders quadrant of the Magic Quadrant for On-Premises Application Platforms (1)." I agree with Craig Muzilla's opinion: "In my opinion, Red Hat’s position in Gartner’s Magic Quadrant validates our track record of innovation and proven solutions for application development." -- Craig Muzilla, Red Hat's VP of Middleware.

RHT closed yesterday (02013.08.28) at $50.32. 52-week range: $44.92 - $60.00. My next target price for RHT remains unchanged at $67.48.