RBC Capital Maintains Outperform on Elastic, Raises Price Target to $107
Portfolio Pulse from Benzinga Newsdesk
RBC Capital analyst Matthew Hedberg has maintained an Outperform rating on Elastic (NYSE:ESTC) and increased the price target from $87 to $107.
December 01, 2023 | 4:36 pm
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RBC Capital analyst reaffirms Outperform rating on Elastic and raises price target to $107, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100