Oppenheimer raised the firm’s price target on Elastic (ESTC) to $119 from $100 and keeps an Outperform rating on the shares. The firm notes Elastic reported excellent Q1 2026 results on broad-based strength/consumption across all regions/products areas. Multiple factors combined to provide the lift, including sustained sales execution, better than expected macro environment, steady expansion, pricing gains, competitive displacements, and emerging AI tailwinds.
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Read More on ESTC:
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