B of A Securities Maintains Buy on Elastic, Lowers Price Target to $78
Portfolio Pulse from Benzinga Newsdesk
B of A Securities analyst Wamsi Mohan maintains a Buy rating on Elastic (NYSE:ESTC) but lowers the price target from $80 to $78.
August 28, 2023 | 11:16 am
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
B of A Securities maintains a Buy rating on Elastic but lowers the price target from $80 to $78.
The news is directly related to Elastic (ESTC). While the maintained Buy rating is positive, the lowered price target might indicate a slightly less optimistic outlook for the company's stock in the short term. However, the impact is likely to be neutral as the price target is still in the buy range.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100