Oppenheimer Maintains Outperform on Elastic, Raises Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ittai Kidron has maintained an Outperform rating on Elastic (NYSE:ESTC) and increased the price target from $95 to $110.
December 01, 2023 | 7:01 pm
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Oppenheimer has reaffirmed its Outperform rating on Elastic and raised the price target to $110, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Ittai Kidron suggests a strong conviction in Elastic's future performance. This can positively influence investor sentiment and potentially lead to a short-term increase in the stock price as the market reacts to the new price target.
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IMPORTANCE 85
RELEVANCE 100