Cowen analyst J. Derrick Wood lowered the firm’s price target on HashiCorp to $42 from $44 and keeps an Outperform rating on the shares. The analyst said macro headwinds persist but seems to be consistent with conditions exiting 2Q, though 4Q guidance seems to have extra conservatism.
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Published first on TheFly
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Read More on HCP:
- HashiCorp price target lowered to $38 from $54 at JMP Securities
- HashiCorp price target lowered to $42 from $50 at Oppenheimer
- HashiCorp raises FY23 EPS view to (71c)-(69c) from (97c)-(95c), consensus (96c)
- HashiCorp sees Q4 EPS (23c)-(21c), consensus (30c)
- HashiCorp reports Q3 EPS (13c), consensus (31c)