Wedbush Reiterates Neutral on Elastic, Maintains $67 Price Target
Portfolio Pulse from richadhand@benzinga.com
Wedbush analyst Taz Koujalgi has reiterated a Neutral rating on Elastic (NYSE:ESTC) and maintained a $67 price target.
July 18, 2023 | 12:28 pm
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NEUTRAL IMPACT
Wedbush analyst has reiterated a Neutral rating on Elastic and maintained a $67 price target. This could indicate that the stock's current price is fairly valued.
The reiteration of a Neutral rating suggests that the analyst believes the stock is fairly priced at current levels. The maintained price target of $67 also indicates that the analyst does not expect significant price movement in the short term. Therefore, this news is unlikely to have a major impact on the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100