CS Disco shares surge 10.93% after hours as Needham raises price target to $10 on strong Q3 results and guidance boost.

CS Disco surged 10.93% in after-hours trading following Needham’s upgraded price target of $10 (from $8) and reaffirmed Buy rating, driven by the company’s strong third-quarter performance. The firm reported 12.8% revenue growth, including a $1.3 million benefit from a contingent case, and raised its fourth-quarter revenue guidance by $1.3 million. Needham cited disciplined expense control, improved EBITDA guidance, and confidence in achieving adjusted EBITDA profitability by late 2026. The stock’s momentum, including a 75.71% six-month return, further underscored investor optimism despite current EBITDA losses. The move aligns with the firm’s strategic execution and operational improvements highlighted in its earnings call.