UBS Initiates Coverage On Elastic with Buy Rating, Announces Price Target of $135
Portfolio Pulse from Benzinga Newsdesk
UBS has initiated coverage on Elastic (NYSE:ESTC) with a Buy rating and set a price target of $135.
May 22, 2024 | 1:10 pm
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UBS has initiated coverage on Elastic with a Buy rating and set a price target of $135, indicating a positive outlook for the stock.
The initiation of coverage by UBS with a Buy rating and a price target of $135 suggests a positive outlook for Elastic. This is likely to boost investor confidence and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100