CS Disco price target raised to $9 from $6 at Loop Capital

Loop Capital analyst Mark Schappel raised the firm’s price target on CS Disco to $9 from $6 and keeps a Hold rating on the shares. The analyst cites the company’s second consecutive quarter of revenue and profitability upside, even though the remainder of the year becomes more back-end loaded than initially anticipated, the analyst tells investors in a research note. Revenue growth this year is still fairly meager at 4%, but the firm is seeing signs of gradually improving sales execution, and the management remains committed to achieving breakeven profitability in Q3, the firm added.