RHP – Deutsche Bank rates the stock as Buy

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The company has provided a trading update on the public cloud business, where the margin contribution has surpassed that of the private cloud. The business has exceeded 530,000 seats on O365 including around 100,000 academic seats.

This suggests strong continuation of the O365 and Azure momentum, Deutsche Bank observes. Buy rating and $2.70 target.

Sector: Software & Services.

Target price is $2.70.Current Price is $2.40. Difference: $0.30 – (brackets indicate current price is over target). If RHP meets the Deutsche Bank target it will return approximately 11% (excluding dividends, fees and charges – negative figures indicate an expected loss).

 

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