JP Morgan Maintains Overweight on Elastic, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
JP Morgan analyst Pinjalim Bora maintains an Overweight rating on Elastic (NYSE:ESTC) but lowers the price target from $138 to $125.

May 24, 2024 | 2:30 pm
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JP Morgan analyst Pinjalim Bora maintains an Overweight rating on Elastic (NYSE:ESTC) but lowers the price target from $138 to $125.
The Overweight rating suggests a positive outlook, but the lowered price target indicates some caution. This mixed signal is likely to result in a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100