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HashiCorp stock pops as BTIG starts at Buy, sees over 20% upside potential

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Shares of HashiCorp (NASDAQ:HCP) are up over 2% in pre-market Thursday after BTIG analysts initiated research coverage with a Buy rating and a $37 per share price target.

They argue that HCP is "well positioned as the near dominant player in the rapidly growing infrastructure as code (IaC) market."



Goldman Sachs downgraded Luminar Technologies (NASDAQ:LAZR) to Sell from Neutral with a price target of $5 per share in a note Wednesday.

GS analysts wrote that the cut was based on margin headwinds and the stock's premium valuation.







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