Needham Maintains Buy on HashiCorp, Lowers Price Target to $27
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Alex Henderson has maintained a Buy rating on HashiCorp (NASDAQ:HCP) but has reduced the price target from $36 to $27.

December 08, 2023 | 12:07 pm
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Needham analyst Alex Henderson reaffirms a Buy rating on HashiCorp but lowers the price target from $36 to $27.
The reduction in price target by Needham suggests a more conservative valuation of HashiCorp, which could lead to a mixed short-term reaction in the stock price. Investors may be reassured by the maintained Buy rating, but the lower price target could also signal potential headwinds or slower growth expectations.
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