Wells Fargo Upgrades Elastic to Equal-Weight, Raises Price Target to $67
Portfolio Pulse from richadhand@benzinga.com
Wells Fargo analyst Andrew Nowinski upgraded Elastic (NYSE:ESTC) from Underweight to Equal-Weight and raised the price target from $55 to $67.
June 02, 2023 | 12:52 pm
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Elastic has been upgraded by Wells Fargo from Underweight to Equal-Weight, with a raised price target of $67.
The upgrade from Underweight to Equal-Weight by Wells Fargo indicates a more positive outlook on Elastic's stock. The raised price target from $55 to $67 suggests that the analyst believes the stock has potential for growth in the short term. This news is likely to have a positive impact on Elastic's stock price.
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IMPORTANCE 80
RELEVANCE 100