CS Disco (LAW) Earns Canaccord’s Confidence with Enterprise-Focused Strategy

CS Disco Inc. (NYSE:LAW) is one of the 10 best debt-free IT penny stocks to buy. On June 23, Canaccord Genuity analyst David Hynes reaffirmed his Buy rating on CS Disco (NASDAQ:LAW), with an unchanged and consensus-high price target of $9. The analyst’s view appear confident towards company’s effort to reshape its sales approach.

CS Disco is shifting its focus towards larger enterprises that deal with complex legal matters, a move Hynes believes could help resolve past sales execution issues. The company’s native cloud platform and use of AI give it an edge over older, more rigid systems, which may improve its chances of winning business from larger firms.

CS Disco (LAW) Earns Canaccord’s Confidence with Enterprise-Focused Strategy

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Hynes also believes that the leadership team, under CEO Eric Friedrichsen, is well equipped with relevant experience in scaling software companies and managing transitions.

Though profitability remains some distance off and growth has slowed, Hynes suggests that the changes now in progress could improve the company’s longer-term trajectory. For investors with an eye on undervalued small-cap tech names, CS Disco may be one to watch as its strategy plays out.

CS Disco Inc. (NYSE:LAW) is a legal technology company that provides an AI-powered cloud platform for eDiscovery, legal document review, and case management.

While we acknowledge the potential of LAW as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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