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HashiCorp (HCP) Stock Forecast & Price Target

$33.45
-0.01 (-0.03%)
(As of 07/17/2024 ET)

HashiCorp - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Based on 14 Wall Street analysts who have issued ratings for HashiCorp in the last 12 months, the stock has a consensus rating of "Hold." Out of the 14 analysts, 11 have given a hold rating, and 3 have given a buy rating for HCP.

Consensus Price Target

$31.17
-6.83% Downside
High Forecast$38.00
Average Forecast$31.17
Low Forecast$24.00

According to the 14 analysts' twelve-month price targets for HashiCorp, the average price target is $31.17. The highest price target for HCP is $38.00, while the lowest price target for HCP is $24.00. The average price target represents a forecasted downside of -6.83% from the current price of $33.45.

TypeCurrent Forecast
7/18/23 to 7/17/24
1 Month Ago
6/18/23 to 6/17/24
3 Months Ago
4/19/23 to 4/18/24
1 Year Ago
7/18/22 to 7/18/23
Consensus Rating
Hold
Hold
Moderate Buy
Moderate Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
3 Buy rating(s)
3 Buy rating(s)
9 Buy rating(s)
9 Buy rating(s)
Hold
11 Hold rating(s)
11 Hold rating(s)
5 Hold rating(s)
5 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$31.17$31.17$28.77$36.27
Forecasted Upside-6.83% Downside13.84% Upside15.01% Upside19.00% Upside
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HCP Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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HCP Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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HashiCorp Stock vs. The Competition

TypeHashiCorpComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.21
2.61
2.50
Consensus RatingHoldModerate BuyModerate Buy
Predicted Upside-6.85% Downside106.21% Upside7.68% Upside
News Sentiment RatingPositive News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
6/6/2024JMP Securities
2 of 5 stars
P. Walravens
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Reiterated RatingMarket Outperform ➝ Market Perform
4/25/2024Scotiabank
5 of 5 stars
 Reiterated RatingSector Outperform ➝ Sector Perform$31.00 ➝ $35.00+6.25%
4/25/2024Piper Sandler
2 of 5 stars
 Boost TargetNeutral ➝ Neutral$25.00 ➝ $35.00+11.43%
4/25/2024Truist Financial
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 Reiterated RatingBuy ➝ Hold$27.00 ➝ $35.00+11.43%
4/25/2024Needham & Company LLC
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 Reiterated RatingBuy ➝ Hold
4/24/2024William Blair
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J. Ader
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DowngradeOutperform ➝ Market Perform
4/24/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$28.00 ➝ $32.00+0.76%
4/24/2024BTIG Research
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 DowngradeBuy ➝ Neutral
3/19/2024KeyCorp
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 Initiated CoverageSector Weight
3/6/2024TD Cowen
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 Boost TargetMarket Perform ➝ Market Perform$23.00 ➝ $26.00-1.48%
3/6/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$26.00 ➝ $28.00+4.09%
3/6/2024Oppenheimer
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 Reiterated RatingOutperform ➝ Outperform$34.00+35.95%
2/26/2024Morgan Stanley
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 UpgradeEqual Weight ➝ Overweight$23.00 ➝ $30.00+35.62%
1/22/2024Citigroup
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 Boost TargetNeutral ➝ Neutral$22.00 ➝ $24.00+10.75%
6/8/2023JPMorgan Chase & Co.
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 Lower Target$32.00 ➝ $26.00-25.22%
2/13/2023Moffett Nathanson
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 Initiated CoverageOutperform$43.00+42.15%
1/9/2023FBN Securities
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 Initiated CoverageOutperform
12/8/2022Cowen
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 Lower TargetOutperform$44.00 ➝ $42.00+57.19%
9/6/2022The Goldman Sachs Group
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 Boost Target$42.00+39.49%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Wednesday at 09:13 PM ET.

HCP Forecast - Frequently Asked Questions

What is HashiCorp's forecast for 2024?

According to the research reports of 14 Wall Street equities research analysts, the average twelve-month stock price forecast for HashiCorp is $31.17, with a high forecast of $38.00 and a low forecast of $24.00.

Should I buy or sell HashiCorp stock right now?

14 Wall Street analysts have issued "buy," "hold," and "sell" ratings for HashiCorp in the last year. There are currently 11 hold ratings and 3 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" HCP shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in HCP, but not buy additional shares or sell existing shares.

Does HashiCorp's stock price have much upside?

According to analysts, HashiCorp's stock has a predicted upside of 13.84% based on their 12-month stock forecasts.

Has HashiCorp been downgraded by Wall Street analysts recently?

Over the previous 90 days, HashiCorp's stock had 2 downgrades by analysts.

What analysts cover HashiCorp?

HashiCorp has been rated by research analysts at Bank of America, BTIG Research, JMP Securities, Needham & Company LLC, Piper Sandler, Scotiabank, Truist Financial, and William Blair in the past 90 days.

Do Wall Street analysts like HashiCorp more than its competitors?

Analysts like HashiCorp less than other "computer and technology" companies. The consensus rating for HashiCorp is Hold while the average consensus rating for "computer and technology" companies is Moderate Buy. Learn more on how HCP compares to other companies.


This page (NASDAQ:HCP) was last updated on 7/17/2024 by MarketBeat.com Staff

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