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Elastic price target lowered to $70 from $82 at Canaccord
The Fly

Elastic price target lowered to $70 from $82 at Canaccord

Canaccord analyst Kingsley Crane lowered the firm’s price target on Elastic to $70 from $82 and keeps a Buy rating on the shares. The analyst said he is still very much a believer in the platform’s cross-sell opportunity, the propensity of its customers to ramp consumption in the cloud faster than on-prem, and for on-prem workloads to shift to the cloud faster than expected.

Published first on TheFly

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