Rosenblatt Maintains Buy on Elastic, Lowers Price Target to $120
Portfolio Pulse from Benzinga Newsdesk
Rosenblatt analyst Blair Abernethy maintains a Buy rating on Elastic (NYSE:ESTC) but lowers the price target from $136 to $120.
August 30, 2024 | 5:53 pm
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Rosenblatt's analyst maintains a Buy rating on Elastic but reduces the price target from $136 to $120, indicating a slightly less optimistic outlook.
The maintained Buy rating suggests continued confidence in Elastic's potential, but the lowered price target reflects a tempered outlook, possibly due to market conditions or company performance. This mixed signal may result in neutral short-term price movement.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100