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Fly News Breaks for December 19, 2019
ESTC
Dec 19, 2019 | 05:08 EDT
Jefferies analyst Brent Thill maintains a Hold rating on Elastic with an $85 price target after hosting meetings with the company's CFO. The analyst reiterates a favorable view of Elastic's greater than 50% growth against a large addressable market, and he views the recent billings deceleration as a "temporary bump in the road." However, Thill views the stock's current risk/reward as balanced.
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