UBS Maintains Buy on Elastic, Lowers Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
UBS analyst Austin Dietz maintains a Buy rating on Elastic (NYSE:ESTC) but lowers the price target from $135 to $95.
August 30, 2024 | 2:56 pm
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UBS analyst Austin Dietz maintains a Buy rating on Elastic but reduces the price target from $135 to $95, indicating a more cautious outlook.
The reduction in the price target from $135 to $95 by UBS suggests a more cautious outlook on Elastic's future performance, which could lead to a short-term negative impact on the stock price despite the maintained Buy rating.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100