Truist Securities Maintains Buy on Elastic, Raises Price Target to $85
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Joel Fishbein has reaffirmed a Buy rating on Elastic (NYSE:ESTC) and increased the price target from $75 to $85.
November 13, 2023 | 6:12 pm
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Truist Securities analyst Joel Fishbein maintains a Buy rating on Elastic and raises the price target from $75 to $85.
The reaffirmation of a Buy rating and an increase in the price target by a reputable analyst like Joel Fishbein can lead to positive investor sentiment and a potential short-term increase in the stock price of Elastic. The new price target suggests a higher valuation of the company, which may attract investors looking for growth opportunities.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100