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Morgan Stanley analyst Sanjit Singh maintains Elastic (NYSE:ESTC) with a Equal-Weight and raises the price target from $66 to $75.
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Read original at benzingaScotiabank analyst Patrick Colville maintains Elastic (NYSE:ESTC) with a Sector Perform and raises the price target from $58 to $84.
Read original at benzingaMajor stock indexes edged higher on Aug. 28 as investors digested Federal Reserve Chairman Kevin Warsh's Jackson Hole speech emphasizing commitment to reducing inflation. The S&P 500 gained 0.20%, Nasdaq rose 0.14%, and the Dow climbed 0.17%. Communication services led sector gains while industrials and healthcare traded lower. Elastic surged 18% on earnings, but semiconductor stocks like Marvell and Rubrik fell despite beating expectations, as investors grew cautious following recent rallies and amid signals of potential rate hikes.
Read original at the-motley-foolGainers Core AI Holdings (NASDAQ:CHAI) shares rose 51.8% to $0.39 during Friday's regular session. The company's market cap stands at $6.5 million. As per the news, the Q2 earnings report came out today.
Read original at benzinga