In a report issued on June 3, Mark Murphy from J.P. Morgan maintained a Hold rating on HashiCorp (HCP – Research Report), with a price target of $45.00. The company’s shares closed last Friday at $30.09, close to its 52-week low of $28.01.
According to TipRanks.com, Murphy is a 5-star analyst with an average return of 11.6% and a 57.3% success rate. Murphy covers the Technology sector, focusing on stocks such as Qualtrics International, DigitalOcean Holdings, and DoubleVerify Holdings.
Currently, the analyst consensus on HashiCorp is a Moderate Buy with an average price target of $53.88, implying an 84.8% upside from current levels. In a report issued on May 19, Morgan Stanley also maintained a Hold rating on the stock with a $47.00 price target.
Based on the recent corporate insider activity of 40 insiders, corporate insider sentiment is neutral on the stock.
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HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.
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