Citi lowered the firm’s price target on Elastic (ESTC) to $115 from $130 and keeps a Buy rating on the shares. The firm remains a buyer of the stock post the fiscal Q2 report. Citi believes Elastic is seeing good progress in large cloud deals.
TipRanks Cyber Monday Sale
- Claim 60% off TipRanks Premium for data-backed insights and research tools you need to invest with confidence.
- Subscribe to TipRanks' Smart Investor Picks and see our data in action through our high-performing model portfolio - now also 60% off
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESTC: