Truist raised the firm’s price target on Elastic (ESTC) to $145 from $135 and keeps a Buy rating on the shares. The company’s Q3 results exceeded expectations as its execution continued to improve, with Elastic also seeing strong demand from search and GenAI use cases with upside in Cloud consumption from larger customers, the analyst tells investors in a research note.
Claim 30% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESTC: