Oppenheimer Maintains Outperform on Elastic, Lowers Price Target to $125
Portfolio Pulse from Benzinga Newsdesk
Oppenheimer analyst Ittai Kidron maintains an Outperform rating on Elastic (NYSE:ESTC) but lowers the price target from $150 to $125.
August 30, 2024 | 1:05 pm
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NEUTRAL IMPACT
Oppenheimer's analyst Ittai Kidron maintains an Outperform rating on Elastic but reduces the price target from $150 to $125, indicating a more cautious outlook.
The maintained Outperform rating suggests continued confidence in Elastic's performance, but the lowered price target reflects a more cautious outlook, possibly due to market conditions or company-specific factors. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100