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 the firm’s expectations as its execution continued to improve, the analyst tells investors in a research note. Elastic saw strong demand from search and GenAI use cases, with upside in Cloud consumption from larger customers, the firm added.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ESTC: