DA Davidson Maintains Neutral on Elastic, Lowers Price Target to $75
Portfolio Pulse from Benzinga Newsdesk
DA Davidson analyst Gil Luria maintains a Neutral rating on Elastic (NYSE:ESTC) and lowers the price target from $100 to $75.
August 30, 2024 | 7:50 pm
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DA Davidson has maintained a Neutral rating on Elastic but has lowered the price target from $100 to $75, indicating a less optimistic outlook.
The lowering of the price target from $100 to $75 by DA Davidson suggests a less optimistic view on Elastic's future performance, which could negatively impact the stock price in the short term. The Neutral rating indicates no strong buy or sell recommendation, but the reduced price target may lead to a negative sentiment among investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100