Elastic (ESTC) Trading 3.4% Higher

Elastic NV (NYSE:ESTC) shares traded up 3.4% during trading on Thursday . The stock traded as high as $76.80 and last traded at $74.62. 4,374 shares traded hands during trading, a decline of 99% from the average session volume of 298,696 shares. The stock had previously closed at $72.20.

Several research analysts have recently issued reports on the company. Bank of America started coverage on Elastic in a research report on Tuesday, October 30th. They set a “buy” rating and a $81.00 price objective for the company. Canaccord Genuity started coverage on Elastic in a report on Tuesday, October 30th. They issued a “hold” rating and a $65.00 target price for the company. Jefferies Financial Group started coverage on Elastic in a report on Tuesday, October 30th. They issued a “hold” rating and a $65.00 target price for the company. Citigroup started coverage on Elastic in a report on Tuesday, October 30th. They issued a “neutral” rating and a $74.00 target price for the company. Finally, Royal Bank of Canada started coverage on Elastic in a report on Tuesday, October 30th. They issued an “outperform” rating and a $71.00 target price for the company. Four research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Elastic presently has a consensus rating of “Buy” and an average target price of $70.38.

TRADEMARK VIOLATION NOTICE: “Elastic (ESTC) Trading 3.4% Higher” was published by Sports Perspectives and is the property of of Sports Perspectives. If you are viewing this article on another site, it was illegally copied and reposted in violation of international trademark and copyright law. The legal version of this article can be accessed at https://sportsperspectives.com/2018/11/10/elastic-estc-trading-3-4-higher.html.

About Elastic (NYSE:ESTC)

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.

See Also: Risk Tolerance

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