Morgan Stanley Maintains Equal-Weight on HashiCorp, Lowers Price Target to $23
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh has maintained an Equal-Weight rating on HashiCorp (NASDAQ:HCP) but has reduced the price target from $30 to $23.
December 08, 2023 | 1:21 pm
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Morgan Stanley has maintained an Equal-Weight rating on HashiCorp but lowered the price target from $30 to $23, indicating a potential downside compared to the previous target.
A lowered price target typically suggests that the analyst sees less upside potential or increased risk in the stock, which can lead to negative investor sentiment and a potential decrease in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100