Stifel Maintains Buy on Elastic, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Stifel analyst Brad Reback maintains a Buy rating on Elastic (NYSE:ESTC) but lowers the price target from $130 to $120.
May 31, 2024 | 1:24 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Stifel analyst Brad Reback maintains a Buy rating on Elastic (NYSE:ESTC) but lowers the price target from $130 to $120.
The Buy rating suggests continued confidence in the company's long-term prospects, but the lowered price target indicates some caution about short-term performance.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100