Why Elastic Stock Flew Higher Today [Yahoo! Finance]
Truist Financial Corporation (TFC)
Last truist financial corporation earnings: 4/20 05:45 am
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Source: Yahoo! Finance
As of 10:15 a.m. ET, Elastic stock was up a strong 16%. Elastic's financial report is turning heads because the numbers were far better than expected. Q2 revenue was up 18% year over year to $365 million, which was ahead of management's guidance of $353 million to $355 million. Moreover, it was an acceleration from its 17% growth in the prior-year period. Are You Missing The Morning Scoop? Wake up with Breakfast news in your inbox every market day. Sign Up For Free » Many prominent Wall Street analysts are increasing their price targets for Elastic stock in light of Q2 results. This includes Truist analyst Joel Fishbein, who increased his price target by a whopping 29% to $135 per share, according to The Fly. Fishbein noted that artificial intelligence (AI) products are driving adoption and spending for the company's software. Elastic's software allows companies to search their data, and generative AI can help in that regard. Fishbein's comments agree with commentary from CEO
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- Truist to speak at the Goldman Sachs US Financial Services ConferencePR Newswire
- Truist launches 'Truist Cares for Western North Carolina'--a three-year, $725 million commitment to support and sustain hurricane recovery and resiliencyPR Newswire
- Truist Financial Co. (NYSE: TFC) had its price target raised by analysts at Wells Fargo & Company from $48.00 to $52.00. They now have an "overweight" rating on the stock.MarketBeat
- Truist announces retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III and appointment of Brad Bender as successor [Yahoo! Finance]Yahoo! Finance
- Truist announces retirement of Vice Chair and Chief Risk Officer Clarke R. Starnes III and appointment of Brad Bender as successorPR Newswire
TFC
Earnings
- 10/18/24 - Beat
TFC
Sec Filings
- 11/20/24 - Form 3
- 11/18/24 - Form 4
- 11/13/24 - Form 8-K
- TFC's page on the SEC website