Investment analysts at Bank of America began coverage on shares of Elastic (NYSE:ESTC) in a research note issued to investors on Tuesday, October 30th, MarketBeat.com reports. The brokerage set a “buy” rating and a $81.00 price target on the stock. Bank of America’s price objective would indicate a potential upside of 26.76% from the stock’s previous close.
ESTC has been the subject of several other research reports. Goldman Sachs Group started coverage on Elastic in a research note on Tuesday, October 30th. They set a “buy” rating and a $68.00 target price for the company. Barclays began coverage on Elastic in a research note on Tuesday, October 30th. They issued an “overweight” rating and a $79.00 price objective for the company. Jefferies Financial Group began coverage on Elastic in a research note on Tuesday, October 30th. They issued a “hold” rating and a $65.00 price objective for the company. Finally, JPMorgan Chase & Co. began coverage on Elastic in a research note on Tuesday, October 30th. They issued a “neutral” rating and a $60.00 price objective for the company. Four investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $70.38.
Shares of ESTC traded up $0.60 during midday trading on Tuesday, hitting $63.90. The company had a trading volume of 133,700 shares, compared to its average volume of 277,621. Elastic has a 1 year low of $58.55 and a 1 year high of $76.80.
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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