Reported about 20 hours ago
Canaccord Genuity has reduced its price target for Elastic N.V. (NYSE:ESTC) from $115 to $110, maintaining a 'Buy' rating due to a solid fourth-quarter performance. Despite exceeding revenue expectations, the growth from Elastic’s cloud-native platform was slightly below forecasts. However, the firm believes Elastic's conservative guidance and increased interest in search-powered AI tools positions the company well for future success.
Source: YAHOO