Baird raised the firm’s price target on Elastic to $137 from $124 and keeps an Outperform rating on the shares. The firm said they posted strong Q3 results but while commercial and enterprise cloud segments were strong, SMB’s lagged, particularly in monthly cloud growth.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
See today’s best-performing stocks on TipRanks >>
Read More on ESTC:
- DA Davidson monitoring/observability analysts analyst/industry conference call
- Elastic price target raised to $145 from $115 at Wells Fargo
- ESTC Earnings Report this Week: Is It a Buy, Ahead of Earnings?
- Elastic price target raised to $150 from $125 at BofA
- JPMorgan ups Elastic target but ‘tactically cautious’ into earnings
