B of A Securities Downgrades HashiCorp to Neutral, Lowers Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Brad Sills downgrades HashiCorp (NASDAQ:HCP) from Buy to Neutral and lowers the price target from $36 to $30.
June 08, 2023 | 4:50 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
HashiCorp downgraded to Neutral by B of A Securities, with a lowered price target of $30.
The downgrade from Buy to Neutral and the lowering of the price target from $36 to $30 by B of A Securities analyst Brad Sills indicates a less optimistic outlook for HashiCorp's stock. This could lead to a short-term negative impact on the stock price as investors may adjust their positions based on the new rating and price target.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100