HashiCorp price target raised to $35 from $25 at Piper Sandler

Piper Sandler raised the firm’s price target on HashiCorp (HCP) to $35 from $25 and keeps a Neutral rating on the shares. After the market close, IBM (IBM) announced its intent to acquire HashiCorp after media reports first speculated HashiCorp was up for sale. The firm continues to believe the deal makes strategic sense, with IBM as the most logical buyer.