Raimo Lenschow analyst at Barclays reiterates coverage on Elastic (ESTC) in the Technology sector with a Buy rating. TipRanks.com has Lenschow rated as a 4.8 star analyst with a 54% return on investment and a 11.8% success rate. Lenschow has set a price target of $ 80.
TipRanks.com reports that Elastic currently has 11 analysts offering 12-month price targets and the consensus is a Strong Buy rating with an average price target is $122.44. The target pricing ranges from a high forecast of $160.00 down to a low forecast of $80.00. Elastic (ESTC)’s last closing price was $60 which would put the average price target at 104.07% upside.
In addition, TradingView issued a Sell rating for ESTC over the next month, Barchart.com has a Strong sell rating and Yahoo! Finance has a Bullish short-term outlook. Remember, securities are volatile, so please do your own research on ESTC.
Other analysts covering ESTC include:
- Joel Fishbein of Truist Financial issued a Buy rating with the price target of $ 110 on 1 week ago
- Brian White of Monness issued a Buy rating with the price target of $ 124 on 1 month ago
TipRanks.com tracks and measures the performance of over 50,000 financial experts. The TipRanks Star Ranking TM is calculated based on expert success rate, average return and statistical significance. Get more from TipRanks.com here >>
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