HashiCorp price target raised to $27 from $25 at BTIG

BTIG raised the firm’s price target on HashiCorp to $27 from $25 and keeps a Buy rating on the shares. The company delivered better than expected Q4 results, with operating income seen as “substantially better” than the Street estimates, the analyst tells investors in a research note. Bears will likely point towards a lower-than-expected FY25 operating income guide as reason to remain cautious on the name, though sentiment on HashiCorp has been negative, and trends are now moving in the right direction, the firm added.