TD Cowen Downgrades HashiCorp to Market Perform, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Derrick Wood has downgraded HashiCorp (NASDAQ:HCP) from Outperform to Market Perform and reduced the price target from $28 to $23.
December 08, 2023 | 12:08 pm
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HashiCorp's stock rating was downgraded by TD Cowen from Outperform to Market Perform, with a price target decrease from $28 to $23.
The downgrade by TD Cowen suggests a less optimistic outlook on HashiCorp's performance, which could lead to reduced investor confidence and a potential decrease in the stock price in the short term. The reduction in the price target further emphasizes the analyst's revised expectations.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100