tiprankstipranks
TipRanksStock Market NewsLAW NewsNeedham Thinks CS Disco’s Stock is Going to Recover
Blurbs

Needham Thinks CS Disco’s Stock is Going to Recover

In a report released today, Scott Berg from Needham maintained a Buy rating on CS Disco (LAWResearch Report), with a price target of $70.00. The company’s shares closed last Tuesday at $33.82, close to its 52-week low of $33.04.

According to TipRanks.com, Berg is a 5-star analyst with an average return of 21.4% and a 58.8% success rate. Berg covers the Technology sector, focusing on stocks such as Ceridian HCM Holding, BigCommerce Holdings, and Tyler Technologies.

Currently, the analyst consensus on CS Disco is a Strong Buy with an average price target of $63.83, implying a 94.7% upside from current levels. In a report issued on January 6, Jefferies also upgraded the stock to Buy with a $50.00 price target.

See Insiders’ Hot Stocks on TipRanks >>

The company has a one-year high of $69.41 and a one-year low of $33.04. Currently, CS Disco has an average volume of 385.1K.

Based on the recent corporate insider activity of 36 insiders, corporate insider sentiment is neutral on the stock.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

CS Disco Inc provides a cloud-native, artificial intelligence-powered legal solution that simplifies discovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. Its revenue-generating activities directly relate to the sale and support of legal solutions. It has two primary types of contractual arrangements: usage-based and subscription solutions. The usage-based revenue is derived from contracts under which customers are billed monthly based on their usage. Subscription revenue is derived from contracts where customers are contractually committed to a minimum data volume over a period of time.

Read More on LAW:

Tired of arriving late to the Big Returns Party?​
Most investors don’t have major gainers like TSLA or NVDA on their radar from the start.
The profusion of opinions on social media and financial blogs makes it impossible to distinguish between real growth potential and pure hype.
​​For the past decade, we have developed and perfected technology designed to help private investors, just like you, find the best opportunities, with the greatest upside potential, in any financial climate.​
Learn More