RBC turns bullish on Elastic – Elastic N.V. (NYSE:ESTC)

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RBC upgrades Elastic (NYSE:ESTC) from Sector Perform to Outperform and raises the target from $94 to $112, a 30% upside.

In June, Elastic reported a Q4 revenue beat with mixed FY outlook that saw upside revenue and a wider-than-expected loss.

ESTC shares are up 0.8% pre-market to $87.06. The company has an Outperform average Sell Side rating.





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