HashiCorp price target raised to $28 from $26 at Stifel

Stifel raised the firm’s price target on HashiCorp to $28 from $26 and keeps a Buy rating on the shares. HashiCorp delivered a fourth quarter beat mostly driven by better-than-expected self-managed results and management noted improving sequential 4Q pipeline conversion and renewals despite some continued pockets of optimization, the analyst tells investors. The company laid out a path to 20% quarterly revenue growth in FY26 and the firm believes management is properly focused on driving monetization and better sales execution through core strategic initiatives, the analyst added.