Barclays Maintains Equal-Weight on Elastic, Lowers Price Target to $117
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has maintained an Equal-Weight rating on Elastic (NYSE:ESTC) but has lowered the price target from $128 to $117.
May 31, 2024 | 6:00 pm
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Barclays has maintained an Equal-Weight rating on Elastic but lowered the price target from $128 to $117, indicating a more cautious outlook.
The lowered price target from $128 to $117 by Barclays suggests a more cautious outlook on Elastic's stock performance, which could lead to a short-term negative impact on the stock price.
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