Goldman Sachs Maintains Neutral on Elastic, Raises Price Target to $93
Portfolio Pulse from Benzinga Newsdesk
Goldman Sachs analyst Kash Rangan has maintained a Neutral rating on Elastic (NYSE:ESTC) and increased the price target from $83 to $93.
December 04, 2023 | 2:03 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Goldman Sachs maintains a Neutral rating on Elastic and raises the price target to $93, indicating a positive outlook on the company's valuation.
The increase in price target by Goldman Sachs suggests an improved valuation outlook for Elastic, which could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100