Throughout the last three months, 11 analysts have evaluated HashiCorp HCP, offering a diverse set of opinions from bullish to bearish.
The following table encapsulates their recent ratings, offering a glimpse into the evolving sentiments over the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 4 | 4 | 3 | 0 | 0 |
| Last 30D | 0 | 0 | 0 | 0 | 0 |
| 1M Ago | 0 | 0 | 0 | 0 | 0 |
| 2M Ago | 4 | 4 | 3 | 0 | 0 |
| 3M Ago | 0 | 0 | 0 | 0 | 0 |
Providing deeper insights, analysts have established 12-month price targets, indicating an average target of $29.73, along with a high estimate of $38.00 and a low estimate of $25.00. Observing a 16.59% increase, the current average has risen from the previous average price target of $25.50.
Interpreting Analyst Ratings: A Closer Look
The perception of HashiCorp by financial experts is analyzed through recent analyst actions. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Nick Altmann | Scotiabank | Announces | Sector Outperform | $31.00 | - |
| Joe Goodwin | JMP Securities | Maintains | Market Outperform | $38.00 | - |
| Alex Henderson | Needham | Maintains | Buy | $30.00 | - |
| Derrick Wood | TD Cowen | Raises | Market Perform | $26.00 | $23.00 |
| Brad Sills | B of A Securities | Raises | Neutral | $28.00 | $24.00 |
| Brad Reback | Stifel | Raises | Buy | $28.00 | $26.00 |
| James Fish | Piper Sandler | Raises | Neutral | $25.00 | $22.00 |
| Ittai Kidron | Oppenheimer | Maintains | Outperform | $34.00 | $34.00 |
| Gray Powell | BTIG | Raises | Buy | $27.00 | $25.00 |
| Alex Henderson | Needham | Raises | Buy | $30.00 | $27.00 |
| Sanjit Singh | Morgan Stanley | Raises | Overweight | $30.00 | $23.00 |
Key Insights:
- Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to HashiCorp. This offers insight into analysts' perspectives on the current state of the company.
- Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of HashiCorp compared to the broader market.
- Price Targets: Gaining insights, analysts provide estimates for the future value of HashiCorp's stock. This comparison reveals trends in analysts' expectations over time.
Analyzing these analyst evaluations alongside relevant financial metrics can provide a comprehensive view of HashiCorp's market position. Stay informed and make data-driven decisions with the assistance of our Ratings Table.
Stay up to date on HashiCorp analyst ratings.
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.
A Deep Dive into HashiCorp's Financials
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: HashiCorp's remarkable performance in 3 months is evident. As of 31 January, 2024, the company achieved an impressive revenue growth rate of 14.73%. This signifies a substantial increase in the company's top-line earnings. As compared to its peers, the revenue growth lags behind its industry peers. The company achieved a growth rate lower than the average among peers in Information Technology sector.
Net Margin: HashiCorp's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -20.3%, the company may face hurdles in effective cost management.
Return on Equity (ROE): HashiCorp's ROE lags behind industry averages, suggesting challenges in maximizing returns on equity capital. With an ROE of -2.63%, the company may face hurdles in achieving optimal financial performance.
Return on Assets (ROA): HashiCorp's ROA lags behind industry averages, suggesting challenges in maximizing returns from its assets. With an ROA of -1.93%, the company may face hurdles in achieving optimal financial performance.
Debt Management: HashiCorp's debt-to-equity ratio is below industry norms, indicating a sound financial structure with a ratio of 0.01.
Analyst Ratings: What Are They?
Analysts work in banking and financial systems and typically specialize in reporting for stocks or defined sectors. Analysts may attend company conference calls and meetings, research company financial statements, and communicate with insiders to publish "analyst ratings" for stocks. Analysts typically rate each stock once per quarter.
Some analysts will also offer forecasts for metrics like growth estimates, earnings, and revenue to provide further guidance on stocks. Investors who use analyst ratings should note that this specialized advice comes from humans and may be subject to error.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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