HCP - HashiCorp's New Features To Create Monetization Strategy: Analyst Projects Customer Upside | Benzinga
Piper Sandler analyst James E. Fish reiterated a Neutral rating on HashiCorp, Inc. (NASDAQ: HCP), with a price target of $30.
The analyst applauds the company's go-to-market simplification, focusing more on telling customers what they should do rather than what they could do.
Management even hinted bundles beyond Security could be coming, Fish adds.
The analyst is also bullish about releasing features and add-ons like Stacks, Secrets Sync, and Consul Central into commercial-only (particularly Cloud), driving further differentiation against the open-source offerings.
Fish thinks ...