Baird Maintains Outperform Rating for Elastic: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Baird has maintained its Outperform rating for Elastic (NYSE:ESTC) but lowered its price target from $76.00 to $60.00. Elastic's shares are currently trading at $72.74, up 0.62% over the last 24 hours.
June 05, 2023 | 5:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Baird maintains Outperform rating for Elastic (NYSE:ESTC) but lowers price target from $76.00 to $60.00. Shares are trading at $72.74, up 0.62% over the last 24 hours.
Baird's decision to maintain its Outperform rating for Elastic indicates that the company is still expected to perform well in the market. However, the lowered price target from $76.00 to $60.00 suggests that Baird has adjusted its expectations for the stock's future performance. The short-term impact on Elastic's stock price is likely to be neutral, as the Outperform rating remains unchanged, but the lowered price target may cause some uncertainty among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100