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Why Elastic Stock Soared 10% Higher Today

Why Elastic Stock Soared 10% Higher Today

This comes after a recent double-digit percentage plunge -- first on worries of the omicron variant, then a sell-off following what was actually a rock solid quarterly earnings update last week. A Wall Street analyst thinks the punishment dealt to Elastic is unwarranted. Specifically, J.P. Morgan analyst Mark Murphy upgraded Elastic from neutral to overweight with a $156 one-year price target.