Rosenblatt Maintains Buy on Elastic, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Blair Abernethy has reaffirmed a Buy rating on Elastic (NYSE:ESTC) and increased the price target from $80 to $105.
December 01, 2023 | 12:04 pm
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POSITIVE IMPACT
Rosenblatt analyst Blair Abernethy maintains a Buy rating on Elastic and raises the price target from $80 to $105, indicating a positive outlook on the stock.
The increase in price target by Rosenblatt suggests a strong conviction in Elastic's future performance. This positive analyst rating is likely to instill confidence in investors and could lead to a short-term increase in the stock price, as market participants often react to analyst upgrades and raised price targets.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100