Elastic (ESTC) Soars 11.5%: Is Further Upside Left in the Stock?
Elastic (ESTC) was a significant mover last session, soaring 11.5% on higher-than-average trading volume. According to the report, the latest trend in earnings estimate revisions might help the stock continue moving higher in the near term.
Why it matters — ESTC watchers would care because the strong price move combined with a positive trend in earnings estimate revisions signals that analysts see continued momentum for the stock in the near term.