What 16 Analyst Ratings Have To Say About Elastic
Portfolio Pulse from Benzinga Insights
Elastic (NYSE:ESTC) has received 16 analyst ratings in the last quarter, with 12 bullish, 4 indifferent, and none bearish. The average 12-month price target for Elastic is $80.56, an increase of 2.49% from the previous average of $78.60.
September 29, 2023 | 6:00 pm
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POSITIVE IMPACT
Elastic has received positive analyst ratings, which could boost investor confidence and potentially drive the stock price up in the short term.
Analyst ratings often influence investor sentiment. In this case, the majority of the ratings are bullish, which indicates a positive outlook for the company. This could lead to increased investor confidence and a potential rise in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100