Elastic’s stock surges after ‘solid’ Q2 results, while Baird upgrades on strong turnaround

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Elastic’s (NYSE:ESTC) stock soared about 25% premarket on Friday after a fiscal second quarter beat and raised outlook, which saw positive reactions from analysts.

Baird Equity upgraded the AI search company’s stock to Outperform from Neutral and increased the price target to $135 from $95, citing

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