Citi raised the firm’s price target on Elastic (ESTC) to $130 from $125 and keeps a Buy rating on the shares. The firm found the company’s tone positive at its investor event and upped estimates to reflect the higher guidance.
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 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
- Closing Bell Movers: Levi Strauss down 8% after results
- Elastic targets 20% or more in Base and Gen-AI subscription revenue growth