William Blair analyst Jake Roberge upgraded Elastic to Outperform from Market Perform. The analyst believes the company has a large opportunity ahead for its vector and hybrid search capabilities within generative artificial intelligence. Elastic’s recent go-to-market “noise” provides a “nice entry point” for a “quality” long-term story, the analyst tells investors in a research note.
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:
- DA Davidson software analysts hold an analyst/industry conference call
- Elastic upgraded to Overweight from Equal Weight at Barclays
- Elastic price target lowered to $90 from $106 at Barclays
- DA Davidson tech analysts hold an analyst/industry conference call
- Elastic signs distribution agreement with Arrow Electronics for North America