JP Morgan Maintains Overweight on Elastic, Raises Price Target to $98
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora has maintained an Overweight rating on Elastic (NYSE:ESTC) and increased the price target from $87 to $98.
December 01, 2023 | 7:20 pm
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JP Morgan analyst Pinjalim Bora has reaffirmed an Overweight rating on Elastic and raised the price target from $87 to $98, indicating a positive outlook on the stock.
The increase in price target by a reputable analyst like Pinjalim Bora from JP Morgan typically signals a strong conviction in the company's future performance and growth potential. This can lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100