HashiCorp price target lowered to $29 from $32 at Stifel

Stifel lowered the firm’s price target on HashiCorp to $29 from $32 and keeps a Buy rating on the shares after having attended HashiCorp’s Analyst Day and customer conference. Despite ongoing near-term macro headwinds, the firm believes Hashi is well positioned to re-accelerate growth in a more normalized environment given its “critical role in enterprises’ secular shift to cloud,” the analyst tells investors.