Elastic NV rises after brokerage Wedbush upgrades to 'outperform'
** U.S.-listed shares of data analytics company Elastic NV ESTC.N up 4.1% at $112.45 premarket
** Wedbush upgrades stock to "outperform" from "neutral"; raises PT to $135 from $95
** ESTC looks to capitalize on growing AI demand for its platform approach with more customers looking to consolidate spend from legacy vendors to next-gen migration, while accelerating its express migration program - brokerage
** Says this is the right time at the right place for Elastic
** 19 of 26 analysts that track ESTC rate it "buy" or higher, 7 "hold"; median PT is $130 - LSEG data
** As of last close, stock was down 4.1% YTD
Reporting by Sukriti Gupta in Bengaluru
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