Canaccord Genuity Maintains Buy on Elastic, Raises Price Target to $79
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity analyst Kingsley Crane maintains a Buy rating on Elastic (NYSE:ESTC) and raises the price target from $70 to $79.
June 06, 2023 | 12:39 pm
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Canaccord Genuity maintains a Buy rating on Elastic (NYSE:ESTC) and raises the price target from $70 to $79.
The news of Canaccord Genuity maintaining a Buy rating and raising the price target for Elastic (NYSE:ESTC) from $70 to $79 is positive for the stock. This indicates that the analyst has confidence in the company's growth potential and expects the stock price to rise in the short term. As a result, this news is likely to have a positive impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100