Deep Dive Into HashiCorp Stock: Analyst Perspectives (8 Ratings)
Portfolio Pulse from Benzinga Insights
HashiCorp (NASDAQ:HCP) has received mixed analyst ratings over the past three months, with a total of 8 ratings. The sentiment has shifted towards bullish in the last 30 days. The average 12-month price target is $26.12, down 10.3% from the previous $29.12. Analyst actions include both upgrades and downgrades, with price targets ranging from $23.00 to $30.00. HashiCorp's financial performance shows solid revenue growth but lags in profitability and efficiency metrics compared to industry averages.
March 04, 2024 | 6:00 pm
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HashiCorp has seen a mix of analyst ratings with a downward adjustment in the average price target to $26.12, indicating a cautious market outlook despite solid revenue growth.
The mixed analyst ratings and the reduction in the average price target suggest a cautious but not overtly negative outlook for HashiCorp. The solid revenue growth is a positive sign, but the challenges in profitability and efficiency metrics, as well as the comparison to industry averages, may temper short-term stock performance expectations.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100