Elastic (ESTC) Receives New Coverage from Analysts at Royal Bank of Canada

Share on StockTwits

Royal Bank of Canada initiated coverage on shares of Elastic (NYSE:ESTC) in a report published on Tuesday, MarketBeat.com reports. The brokerage issued an outperform rating and a $71.00 price target on the stock.

Other equities research analysts have also recently issued reports about the stock. Barclays assumed coverage on shares of Elastic in a research report on Tuesday. They set an overweight rating and a $79.00 price objective for the company. JPMorgan Chase & Co. assumed coverage on shares of Elastic in a research report on Tuesday. They set a neutral rating and a $60.00 price objective for the company. Jefferies Financial Group assumed coverage on shares of Elastic in a research report on Tuesday. They set a hold rating and a $65.00 price objective for the company. Bank of America assumed coverage on shares of Elastic in a research report on Tuesday. They set a buy rating and a $81.00 price objective for the company. Finally, Goldman Sachs Group assumed coverage on shares of Elastic in a research report on Tuesday. They set a buy rating and a $68.00 price objective for the company. Four equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Elastic currently has a consensus rating of Buy and a consensus target price of $70.38.

ESTC stock traded up $1.75 during midday trading on Tuesday, hitting $69.74. The company’s stock had a trading volume of 27,618 shares, compared to its average volume of 302,139. Elastic has a 52-week low of $58.55 and a 52-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.

Further Reading: How is a Moving Average Calculated?

Analyst Recommendations for Elastic (NYSE:ESTC)

Receive News & Ratings for Elastic Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Elastic and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply