BofA raised the firm’s price target on Elastic to $150 from $125 and keeps a Buy rating on the shares ahead of Elastic’s fiscal Q3 earnings report scheduled for Thursday February 29. The firm believes the key metric is Cloud revenue growth and carries “a positive bias” heading into the report, the analyst tells investors in a preview.
Meet Your ETF AI Analyst
- Discover how TipRanks' ETF AI Analyst can help you make smarter investment decisions
- Explore ETFs TipRanks' users love and see what insights the ETF AI Analyst reveals about the ones you follow.
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: