Truist Securities Maintains Buy on Elastic, Lowers Price Target to $105
Portfolio Pulse from Benzinga Newsdesk
Truist Securities has maintained a Buy rating on Elastic (NYSE:ESTC) but has lowered the price target from $140 to $105.
August 30, 2024 | 1:15 pm
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Truist Securities has maintained a Buy rating on Elastic but reduced the price target from $140 to $105, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Elastic's potential, but the lowered price target reflects a more cautious outlook on its short-term performance. This mixed signal may lead to neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100