Baird lowered the firm’s price target on Elastic (ESTC) to $115 from $125 and keeps an Outperform rating on the shares. The firm updated its model following solid Q4 results which showed macro headwinds but its embedded guidance looks derisked.
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Read More on ESTC:
- Elastic price target lowered to $112 from $140 at Stifel
- Elastic price target lowered to $115 from $120 at Morgan Stanley
- Elastic’s Growth Potential Highlighted by Strong Q4 Performance and AI Initiatives Despite Short-Term Challenges
- Elastic price target lowered to $120 from $135 at Piper Sandler
- Elastic’s Conservative FY26 Revenue Guidance and Market Conditions Justify Hold Rating