HashiCorp price target raised to $28 from $24 at BofA

BofA raised the firm’s price target on HashiCorp to $28 from $24 and keeps a Neutral rating on the shares. Q4 results and outlook exceeded “relatively low expectations,” but Q4 growth metrics were “underwhelming,” the analyst tells investors. However, the leading indicators for growth suggest the model is perhaps bottoming and new initiatives could reinvigorate growth, the analyst added.