Morgan Stanley Maintains Equal-Weight on HashiCorp, Lowers Price Target to $30
Portfolio Pulse from richadhand@benzinga.com
Morgan Stanley analyst Sanjit Singh maintains an Equal-Weight rating on HashiCorp (NASDAQ:HCP) and lowers the price target from $37 to $30.
June 08, 2023 | 12:00 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Morgan Stanley maintains an Equal-Weight rating on HashiCorp (NASDAQ:HCP) and lowers the price target from $37 to $30.
The lowered price target from $37 to $30 by Morgan Stanley analyst Sanjit Singh indicates a bearish outlook for HashiCorp (NASDAQ:HCP) in the short term. The Equal-Weight rating suggests that the stock is expected to perform in line with the market, but the reduced price target may negatively impact the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100