Stifel Nicolaus analyst J. Parker Lane maintained a Buy rating on CS Disco (LAW – Research Report) on January 20 and set a price target of $12.00. The company’s shares closed last Friday at $6.99.
According to TipRanks, Parker Lane is an analyst with an average return of -20.1% and a 30.30% success rate. Parker Lane covers the Technology sector, focusing on stocks such as Guidewire, Salesforce, and Unity Software.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for CS Disco with a $11.56 average price target, a 65.38% upside from current levels. In a report released on January 19, Needham also reiterated a Buy rating on the stock with a $15.00 price target.
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The company has a one-year high of $40.73 and a one-year low of $5.56. Currently, CS Disco has an average volume of 373.6K.
Based on the recent corporate insider activity of 35 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of LAW in relation to earlier this year.
TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.
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.
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