Barclays Maintains Overweight on Elastic, Raises Price Target to $83
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow maintains an Overweight rating on Elastic (NYSE:ESTC) and raises the price target from $70 to $83.
June 02, 2023 | 9:36 am
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POSITIVE IMPACT
Barclays maintains an Overweight rating on Elastic and raises the price target from $70 to $83.
The news of Barclays maintaining an Overweight rating on Elastic and raising the price target from $70 to $83 is positive for the company. This indicates that the analyst believes the stock has potential for further growth and is likely to outperform the market. As a result, this news may lead to increased investor confidence and a potential short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100