Elastic NV (ESTC) Receives $70.38 Average PT from Analysts


Elastic NV (NYSE:ESTC) has been given a consensus rating of “Buy” by the eight ratings firms that are currently covering the company, Marketbeat Ratings reports. Four research analysts have rated the stock with a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $70.38.

A number of equities research analysts recently issued reports on the stock. Barclays assumed coverage on shares of Elastic in a research report on Tuesday, October 30th. They set an “overweight” rating and a $79.00 target price for the company. Jefferies Financial Group assumed coverage on shares of Elastic in a research report on Tuesday, October 30th. They set a “hold” rating and a $65.00 target price for the company. Citigroup assumed coverage on shares of Elastic in a research report on Tuesday, October 30th. They set a “neutral” rating and a $74.00 target price for the company. Royal Bank of Canada assumed coverage on shares of Elastic in a research report on Tuesday, October 30th. They set an “outperform” rating and a $71.00 target price for the company. Finally, JPMorgan Chase & Co. assumed coverage on shares of Elastic in a research report on Tuesday, October 30th. They set a “neutral” rating and a $60.00 target price for the company.

Shares of Elastic stock traded up $2.55 during mid-day trading on Tuesday, reaching $67.05. 138,153 shares of the stock were exchanged, compared to its average volume of 284,461. Elastic has a fifty-two week low of $58.55 and a fifty-two week high of $74.20.

Elastic Company Profile

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization.

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Analyst Recommendations for Elastic (NYSE:ESTC)

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