Jefferies Upgrades Elastic to Buy, Raises Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill has upgraded Elastic (NYSE:ESTC) from Hold to Buy and raised the price target from $75 to $100.
October 18, 2023 | 9:31 am
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Elastic has been upgraded from Hold to Buy by Jefferies, with a price target increase from $75 to $100.
The upgrade from Hold to Buy by Jefferies indicates a positive outlook for Elastic. The increase in price target from $75 to $100 suggests that the analyst sees significant upside potential for the stock. This could lead to increased investor interest and potentially a rise in the stock's price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100