Canaccord Genuity Maintains Buy on Elastic, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity maintains a Buy rating on Elastic (NYSE:ESTC) but lowers the price target from $130 to $125.

May 31, 2024 | 4:41 pm
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NEUTRAL IMPACT
Canaccord Genuity maintains a Buy rating on Elastic but lowers the price target from $130 to $125.
The maintained Buy rating suggests continued confidence in Elastic's performance, 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