Citigroup Maintains Buy on Elastic, Lowers Price Target to $87
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Buy rating on Elastic (NYSE:ESTC) but lowers the price target from $90 to $87.
August 28, 2023 | 3:03 pm
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NEUTRAL IMPACT
Citigroup maintains a Buy rating on Elastic but lowers the price target from $90 to $87, which may impact investor sentiment.
While the Buy rating is maintained, the lowering of the price target from $90 to $87 by Citigroup may cause some investors to reassess their positions, potentially leading to short-term volatility in the stock price. However, the overall impact is neutral as the Buy rating is still in place.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100