Wells Fargo Maintains Overweight on Elastic, Lowers Price Target to $100
Portfolio Pulse from Benzinga Newsdesk
Wells Fargo analyst Andrew Nowinski maintains an Overweight rating on Elastic (NYSE:ESTC) but lowers the price target from $145 to $100.
August 30, 2024 | 2:40 pm
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Wells Fargo's analyst Andrew Nowinski maintains an Overweight rating on Elastic but reduces the price target from $145 to $100, indicating a more cautious outlook.
The reduction in the price target from $145 to $100 suggests a less optimistic view on Elastic's future performance, which could lead to a short-term negative impact on the stock price. However, the maintained Overweight rating indicates continued confidence in the company's long-term potential.
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