Rosenblatt Maintains Buy on Elastic, Lowers Price Target to $80
Portfolio Pulse from richadhand@benzinga.com
Rosenblatt analyst Blair Abernethy maintains a Buy rating on Elastic (NYSE:ESTC) but lowers the price target from $85 to $80.
June 02, 2023 | 11:14 am
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NEUTRAL IMPACT
Rosenblatt analyst maintains Buy rating on Elastic (NYSE:ESTC) but lowers price target from $85 to $80.
The news of Rosenblatt maintaining a Buy rating on Elastic is positive for the company, but the lowering of the price target from $85 to $80 may create mixed sentiment among investors. This could result in a neutral short-term impact on Elastic's stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100