Rosenblatt Maintains Buy on Elastic, Raises Price Target to $136
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Blair Abernethy has maintained a Buy rating on Elastic (NYSE:ESTC) and increased the price target from $105 to $136. This adjustment reflects a positive outlook on the company's future performance.
March 01, 2024 | 3:13 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Rosenblatt analyst Blair Abernethy reaffirms a Buy rating on Elastic and raises the price target to $136, indicating a strong confidence in the company's future performance.
The increase in price target by a reputable analyst firm like Rosenblatt signals a strong bullish sentiment towards Elastic's stock. This is likely to instill confidence in investors about the company's growth prospects, potentially driving up the stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100