Elastic (ESTC) price target raised to $120 at Baird

Baird analyst Shrenik Kothari raised Elastic (ESTC) price target to $120 from $105. The new target represents a significant increase from the previous $105 target. Elastic’s current price stands at $84.295, making the new target an optimistic outlook for investors. The adjustment reflects confidence in Elastic’s future performance and growth potential.