CS Disco: Rating Downgrade On Near-Term Growth Concerns [Seeking Alpha]
CS Disco, Inc. (LAW)
Company Research
Source: Seeking Alpha
Summary I am downgrading CS Disco stock from buy to hold due to concerns about near-term growth outlook and potential valuation multiple downgrades. Changes in go-to-market strategy and new leadership are causing slower revenue growth and impacting sales productivity. Despite positive long-term prospects and product innovation, near-term execution challenges and a weak balance sheet raise liquidity concerns. J Studios/DigitalVision via Getty Images Summary Brief update from my last coverage on CS Disco ( NYSE: LAW ) (published on 6 th June), I gave a buy rating as I believed LAW can deliver ~20% growth in the coming years and that its solutions solve multiple pain points in the industry. I am downgrading my rating for LAW from buy to hold as I am very concerned about the near-term growth outlook. While I stay positive on the long-term outlook, my worry is that the market will rerate LAW's valuation multiple downwards if it reports deteriorating growth in the coming quarte
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LAW
News
- CS Disco, Inc. (NYSE:LAW) Just Released Its Third-Quarter Results And Analysts Are Updating Their Estimates [Yahoo! Finance]Yahoo! Finance
- CS Disco, Inc. (NYSE: LAW) had its "buy" rating re-affirmed by analysts at Needham & Company LLC. They now have a $8.00 price target on the stock.MarketBeat
- CS Disco Inc (LAW) Q3 2024 Earnings Call Highlights: Strategic Growth Amid Financial Challenges [Yahoo! Finance]Yahoo! Finance
- Cs Disco (LAW) Q3 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- CS Disco GAAP EPS of -$0.15 beats by $0.01, revenue of $36.26M misses by $0.07M [Seeking Alpha]Seeking Alpha
LAW
Earnings
- 11/6/24 - Beat
LAW
Sec Filings
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- 11/20/24 - Form 4
- LAW's page on the SEC website