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Fly News Breaks for January 9, 2020
Jan 9, 2020 | 16:26 EDT
Jefferies analyst Brent Thill upgraded Elastic to Buy from Hold with an unchanged price target of $85. Consensus estimates have reset post the company's fiscal Q2 results and its fundamentals "are intact," Thill tells investors in a research note. He believes the company can 35%-plus over the next two years and that the current valuation is "reasonable" relative to peers.
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