BTIG Maintains Buy on HashiCorp, Lowers Price Target to $32
Portfolio Pulse from Benzinga Newsdesk
BTIG analyst Gray Powell maintains a Buy rating on HashiCorp (NASDAQ:HCP) but lowers the price target from $37 to $32.
June 08, 2023 | 3:00 pm
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BTIG analyst Gray Powell maintains a Buy rating on HashiCorp (NASDAQ:HCP) but lowers the price target from $37 to $32.
The news of BTIG maintaining a Buy rating on HashiCorp (NASDAQ:HCP) is positive for the stock. However, the lowering of the price target from $37 to $32 may create some uncertainty among investors, potentially offsetting the positive impact of the Buy rating. Therefore, the short-term impact on the stock price is expected to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100