Analyst Expectations for Elastic's Future
Portfolio Pulse from Benzinga Insights
In the last 3 months, 6 analysts have offered 12-month price targets for Elastic (NYSE:ESTC), with an average price target of $74.5, up 3.11% from the previous average of $72.25.
May 31, 2023 | 7:02 pm
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Elastic's average 12-month price target has increased by 3.11% to $74.5, according to 6 analysts' ratings in the last 3 months.
The increase in Elastic's average 12-month price target indicates a positive sentiment among analysts, which could lead to a short-term increase in the stock price. The 3.11% increase in the target price suggests that analysts are becoming more bullish on the stock, which may attract more investors and drive the stock price up.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100