
HashiCorp (HCP) Stock Forecast & Price Target
HashiCorp (HCP) Analyst Ratings
Bulls say
HashiCorp Inc. is poised for a positive financial outlook, evidenced by a significant improvement in its operating margin, projected to increase to approximately (18%) in FY24 from (26.3%) in FY23. Management has indicated potential for an operating margin expansion of 500-1,000 basis points, which could enhance profitability and contribute to a more favorable earnings per share trajectory. Additionally, the launch of the fully managed Cloud Platform (HCP) bolsters HashiCorp's competitive edge, while recent trends show stable optimization and reaccelerating application growth, particularly driven by advancements in artificial intelligence.
Bears say
HashiCorp is facing a concerning deceleration in revenue growth, with estimates predicting a decrease to approximately $149 million and a 10% growth rate for FY4Q, significantly down from previous rates exceeding 50%. The company's guidance reflects an anticipated loss increasing from $23.2 million to $24.5 million, underscoring ongoing challenges with Net Revenue Retention (NRR) and Remaining Performance Obligations (RPO), which have continued to decline as highlighted in the last earnings call. Additionally, the gross margin is projected to fall slightly to 83.4%, a drop from 85.3% in the prior year, which may indicate potential profitability challenges going forward.
This aggregate rating is based on analysts' research of HashiCorp and is not a guaranteed prediction by Public.com or investment advice.
HashiCorp (HCP) Analyst Forecast & Price Prediction
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