CS Disco Inc. (LAW) PT Raised to $70 at Stifel

Stifel analyst J. Parker Lane raised the price target on CS Disco Inc. (NYSE: LAW) to $70.00 (from $60.00) while maintaining a Buy rating.

The analyst commented, "After the market close on Thursday, DISCO announced its F2Q21 results and held its first earnings call as a public company. As the corporate communications landscape has evolved and organizations go digital, the volume of relevant documents to a legal matter has grown steadily, pressuring legacy systems and approaches to Ediscovery. The company's platform aims to solve this growing problem, and the company's strong 2Q performance is indicative of the demand for cloud-based solutions in the legal vertical. We believe Disco's newer products like DISCO Case Builder and DISCO Review also present compelling up-sell opportunities or landing points for customers going forward, as they look to embrace software for more streamlined work. With a small international presence today and most customers only leveraging Ediscovery, there is plenty of opportunity for growth as DISCO supports a transforming industry. We maintain our Buy rating while raising our price target to $70."

You May Also Be Interested In

• Goldman Sachs Upgrades Plains GP Holdings, L.P (PAGP) to Neutral
• JPMorgan Downgrades Daiichi Sankyo Company, Limited (4568:JP) (DSNKY) to Neutral
• Nomura/Instinet Downgrades ORIX Corp (8591:JP) (IX) to Neutral