Barclays Maintains Overweight Rating for Elastic: Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Barclays has maintained its Overweight rating for Elastic (NYSE:ESTC) and increased its price target from $83.00 to $86.00. Elastic's shares have risen by 22.2% over the last 24 hours, trading at $75.62 per share. A move to $86.00 would represent a 13.73% increase from the current share price.
September 01, 2023 | 5:00 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Barclays has maintained its Overweight rating for Elastic and raised its price target, which could lead to a potential increase in Elastic's share price.
Barclays' decision to maintain its Overweight rating and raise the price target for Elastic indicates a positive outlook for the company. This could potentially lead to an increase in Elastic's share price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100