Piper Sandler Maintains Overweight on Elastic, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Piper Sandler analyst Rob Owens maintains an Overweight rating on Elastic (NYSE:ESTC) but lowers the price target from $131 to $100.
August 30, 2024 | 2:19 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Piper Sandler has maintained its Overweight rating on Elastic but has reduced the price target from $131 to $100, indicating a more cautious outlook.
The reduction in the price target from $131 to $100 suggests a less optimistic view on Elastic's short-term performance, which could lead to a negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term potential.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100