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.
Confident Investing Starts Here:
- Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions
- Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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
Looking for a trading platform? Check out TipRanks' Best Online Brokers , and find the ideal broker for your trades.
Report an Issue