Scotiabank analyst Patrick Colville lowered the firm’s price target on Elastic (ESTC) to $127 from $135 and keeps an Outperform rating on the shares. After a healthy FY24 where U.S. software equities performed well, the firm feels bullish in 2025 about the software sector, the analyst tells investors. The firm’s forensic analysis points to software earnings surprises and estimate revisions.
Invest with Confidence:
- Follow TipRanks' Top Wall Street Analysts to uncover their success rate and average return.
- Join thousands of data-driven investors – Build your Smart Portfolio for personalized insights.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESTC:
- DA Davidson enterprise tech analysts hold analyst/industry conference call
- AI Daily: Cantor initiates infrastructure, AI software names
- Cantor initiates software group with MongoDB, Oracle among top picks
- Elastic initiated with a Neutral at Cantor Fitzgerald
- Google (GOOGL) Cloud Launches New AI Sales Team