Truist Securities Maintains Buy on Elastic, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Truist Securities analyst Michael Lewis has reaffirmed a Buy rating on Elastic (NYSE:ESTC) and increased the price target from $100 to $130.
January 16, 2024 | 7:08 pm
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Truist Securities analyst Michael Lewis maintains a Buy rating on Elastic and raises the price target from $100 to $130.
The increase in price target by Truist Securities is a strong positive signal for Elastic, suggesting that the analyst sees a higher potential value in the company's stock. This could lead to increased investor confidence and a potential short-term rise in the stock price.
CONFIDENCE 90
IMPORTANCE 85
RELEVANCE 100