CS Disco price target raised to $9 from $7.50 at Piper Sandler

Piper Sandler analyst Arvind Ramnani raised the firm’s price target on CS Disco to $9 from $7.50 and keeps a Neutral rating on the shares after the company delivered better-than expected Q2 results “across the board.” While the FY23 revenue outlook was re-affirmed, margin targets were improved, notes the firm, which thinks “CS Disco has a compelling product” and expects investments in AI to “pay off.”