Citigroup Maintains Buy on Elastic, Raises Price Target to $160
Portfolio Pulse from Benzinga Newsdesk
Citigroup analyst Tyler Radke maintains a Buy rating on Elastic (NYSE:ESTC) and raises the price target from $155 to $160.
August 28, 2024 | 7:16 pm
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Citigroup analyst Tyler Radke has reaffirmed a Buy rating for Elastic and increased the price target from $155 to $160, indicating a positive outlook.
The reaffirmation of a Buy rating and an increase in the price target by a major financial institution like Citigroup suggests confidence in Elastic's future performance. This is likely to positively influence investor sentiment and could lead to a short-term increase in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100