Baird analyst Shrenik Kothari raised the firm’s price target on Elastic (ESTC) to $140 from $135 and keeps an Outperform rating on the shares. The firm updated its model following strong Q4 results which beat due to its GenAI platform adoption which drove large deal expansion.
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Read More on ESTC:
- Elastic price target raised to $148 from $140 at UBS
- Elastic price target raised to $136 from $130 at Guggenheim
- Elastic price target raised to $135 from $130 at Piper Sandler
- Elastic price target raised to $135 from $130 at Canaccord
- Elastic’s Balanced Outlook: Strong Performance Amidst Uncertainty Warrants Hold Rating