Morgan Stanley Upgrades HashiCorp to Overweight, Raises Price Target to $30
Portfolio Pulse from Benzinga Newsdesk
Morgan Stanley analyst Sanjit Singh has upgraded HashiCorp (NASDAQ:HCP) from Equal-Weight to Overweight and increased the price target from $23 to $30.

February 26, 2024 | 10:29 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Morgan Stanley upgraded HashiCorp from Equal-Weight to Overweight and raised the price target from $23 to $30.
Upgrades by major financial institutions like Morgan Stanley typically lead to positive short-term price movements. The increase in the price target from $23 to $30 suggests a strong confidence in the company's future performance, potentially leading to increased investor interest and a rise in stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100