Bank of America Securities analyst Koji Ikeda maintained a Sell rating on CS Disco (LAW – Research Report) today and set a price target of $6.00. The company’s shares opened today at $6.87.
Ikeda covers the Technology sector, focusing on stocks such as Gitlab, Informatica, and BigCommerce Holdings. According to TipRanks, Ikeda has an average return of 14.6% and a 55.99% success rate on recommended stocks.
Currently, the analyst consensus on CS Disco is a Hold with an average price target of $8.25.
The company has a one-year high of $10.77 and a one-year low of $5.07. Currently, CS Disco has an average volume of 301.8K.
Based on the recent corporate insider activity of 39 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of LAW in relation to earlier this year.
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CS Disco (LAW) Company Description:
CS Disco Inc provides a cloud-native, artificial intelligence-powered legal solution that simplifies discovery, legal document review, and case management for enterprises, law firms, legal services providers, and governments. Its revenue-generating activities directly relate to the sale and support of legal solutions. It has two primary types of contractual arrangements: usage-based and subscription solutions. The usage-based revenue is derived from contracts under which customers are billed monthly based on their usage. Subscription revenue is derived from contracts where customers are contractually committed to a minimum data volume over a period of time.
