Needham Initiates Coverage On Elastic with Hold Rating
Portfolio Pulse from Benzinga Newsdesk
Needham analyst Mike Cikos has initiated coverage on Elastic (NYSE:ESTC) with a Hold rating.

October 12, 2023 | 10:15 am
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Elastic has been initiated with a Hold rating by Needham analyst Mike Cikos.
The initiation of coverage by a well-known analyst like Mike Cikos can bring attention to the stock. However, a 'Hold' rating suggests that the analyst does not expect significant price movement in the short term, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100