Baird analyst Shrenik Kothari lowered the firm’s price target on Elastic (ESTC) to $92 from $115 and keeps an Outperform rating on the shares. The firm updated its model following solid Q2 results as AI tailwinds remain intact.
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Read More on ESTC:
- Elastic: Solid AI-Driven Growth Offset by Slowing Revenue Momentum, Justifying a Hold Rating
- Elastic price target raised to $99 from $98 at JPMorgan
- Elastic price target lowered to $85 from $110 at Piper Sandler
- Elastic price target lowered to $90 from $115 at Canaccord
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