Baird raised the firm’s price target on Elastic (ESTC) to $130 from $120 and keeps an Outperform rating on the shares. The firm updated its model following its analyst day where it was suggested the company is hitting its stride on multiple fronts.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESTC:
- Elastic’s Strong AI and Search Market Positioning Drives Buy Rating Amid Strategic Growth Initiatives
- Elastic price target raised to $130 from $125 at Citi
- Elastic’s Balanced Outlook: Hold Rating Amid Promising Growth Projections and Cautious Optimism
- Elastic Stock (ESTC) Rallies on Guidance Upgrade, $500M Share Repurchase Plan
- Elastic’s Strong Market Position and Growth Potential Drive Buy Rating