Goldman Sachs Maintains Neutral on Elastic, Raises Price Target to $73
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan maintains a Neutral rating on Elastic (NYSE:ESTC) and raises the price target from $64 to $73.
June 05, 2023 | 12:09 pm
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NEUTRAL IMPACT
Goldman Sachs maintains a Neutral rating on Elastic and raises the price target from $64 to $73.
Goldman Sachs' decision to maintain a Neutral rating on Elastic indicates that they do not expect significant short-term price movement. However, the raised price target from $64 to $73 suggests a potential upside in the longer term. The impact on Elastic's stock price in the short term is likely to be neutral.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100