Oppenheimer Maintains Outperform on Elastic, Raises Price Target to $130
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ittai Kidron maintains an Outperform rating on Elastic (ESTC) and raises the price target from $110 to $130.
March 01, 2024 | 4:12 pm
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Oppenheimer analyst Ittai Kidron maintains an Outperform rating on Elastic and raises the price target from $110 to $130.
The increase in price target by a reputable analyst firm like Oppenheimer, along with the maintenance of an Outperform rating, suggests a strong bullish sentiment towards Elastic. This is likely to positively influence investor perception and could lead to a short-term increase in ESTC's stock price.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100