TD Cowen Maintains Hold on Elastic, Lowers Price Target to $80
Portfolio Pulse from Benzinga Newsdesk
TD Cowen analyst Andrew Sherman maintains a Hold rating on Elastic (NYSE:ESTC) and lowers the price target from $110 to $80.
August 30, 2024 | 1:29 pm
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TD Cowen analyst Andrew Sherman has maintained a Hold rating on Elastic but has lowered the price target from $110 to $80, indicating a more cautious outlook on the stock.
The reduction in the price target from $110 to $80 by TD Cowen suggests a less optimistic view on Elastic's future performance, which could lead to a negative short-term impact on the stock price. The Hold rating indicates that the analyst does not see immediate upside potential.
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