TD Cowen Maintains Outperform Rating for HashiCorp: Here's What You Need To Know

TD Cowen has decided to maintain its Outperform rating of HashiCorp HCP and lower its price target from $38.00 to $34.00.

Shares of HashiCorp are trading down 24.48% over the last 24 hours, at $26.26 per share.

A move to $34.00 would account for a 29.47% increase from the current share price.

About HashiCorp

HashiCorp Inc is engaged in solving the infrastructure challenges of cloud adoption by enabling an operating model that unlocks the full potential of modern public and private clouds. Its cloud operating model provides consistent workflows and a standardized approach to automate the processes involved in delivering applications in the cloud: infrastructure provisioning, security, networking, and application deployment. Its main commercial products are Terraform, Vault, Consul, and Nomad.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.