Guggenheim analyst Howard Ma raised the firm’s price target on Elastic (ESTC) to $136 from $130 and keeps a Buy rating on the shares. The firm was “surprised” by the size of Elastic’s beat and raise with only one quarter left in FY25 as well as by how quickly sales execution has returned to levels prior to the Q1 guidance reduction, the analyst tells investors in a post-earnings note.
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Read More on ESTC:
- Elastic price target raised to $135 from $130 at Piper Sandler
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