Piper Sandler Maintains Overweight on Elastic, Raises Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Rob Owens has maintained an Overweight rating on Elastic (NYSE:ESTC) and increased the price target from $84 to $105.
December 01, 2023 | 6:02 pm
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POSITIVE IMPACT
Piper Sandler has reaffirmed an Overweight rating on Elastic and raised the price target to $105, indicating a positive outlook on the stock.
The increase in price target by Piper Sandler suggests a strong conviction in Elastic's future performance, which could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100