Elastic (NYSE:ESTC) Research Coverage Started at Citigroup

Equities researchers at Citigroup assumed coverage on shares of Elastic (NYSE:ESTC) in a report issued on Tuesday, October 30th, MarketBeat.com reports. The firm set a “neutral” rating and a $74.00 price target on the stock. Citigroup’s price target would suggest a potential upside of 15.81% from the company’s previous close.

Several other research firms have also recently weighed in on ESTC. Bank of America started coverage on Elastic in a research note on Tuesday, October 30th. They set a “buy” rating and a $81.00 target price for the company. 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. Jefferies Financial Group started coverage on Elastic in a research note on Tuesday, October 30th. They set a “hold” rating and a $65.00 target price for the company. JPMorgan Chase & Co. started coverage on Elastic in a research note on Tuesday, October 30th. They set a “neutral” rating and a $60.00 target price for the company. Finally, Royal Bank of Canada initiated coverage on Elastic in a research note on Tuesday, October 30th. They set an “outperform” rating and a $71.00 target price for the company. Four equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Elastic currently has an average rating of “Buy” and a consensus price target of $70.38.

Shares of Elastic stock traded up $0.60 on Tuesday, hitting $63.90. The stock had a trading volume of 133,770 shares, compared to its average volume of 277,621. Elastic has a twelve month low of $58.55 and a twelve month high of $76.80.

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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