Barclays Upgrades Elastic to Overweight, Raises Price Target to $95
Portfolio Pulse from Benzinga Newsdesk
Barclays analyst Raimo Lenschow has upgraded Elastic (NYSE:ESTC) from Equal-Weight to Overweight and increased the price target from $90 to $95.
October 07, 2024 | 2:22 pm
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POSITIVE IMPACT
Barclays has upgraded Elastic to Overweight and increased its price target to $95, indicating a positive outlook on the stock.
The upgrade from Equal-Weight to Overweight by Barclays suggests increased confidence in Elastic's performance, likely leading to positive investor sentiment and potential stock price increase.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100