Jefferies Maintains Buy on Elastic, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Jefferies analyst Brent Thill maintains a Buy rating on Elastic (NYSE:ESTC) but lowers the price target from $140 to $110.

August 30, 2024 | 4:04 pm
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Jefferies analyst Brent Thill maintains a Buy rating on Elastic but reduces the price target from $140 to $110, indicating a more cautious outlook.
The reduction in the price target from $140 to $110 by Jefferies 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.
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