Canaccord Genuity Maintains Buy on Elastic, Lowers Price Target to $110
Portfolio Pulse from Benzinga Newsdesk
Canaccord Genuity has maintained its Buy rating on Elastic (NYSE:ESTC) but lowered the price target from $125 to $110.

September 03, 2024 | 2:17 pm
News sentiment analysis
Sort by:
Descending
NEUTRAL IMPACT
Canaccord Genuity has maintained its Buy rating on Elastic but reduced the price target from $125 to $110, indicating a more cautious outlook.
The maintenance of a Buy rating suggests continued confidence in Elastic's prospects, but the lowered price target reflects a more cautious 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