In a report released yesterday, Raimo Lenschow from Barclays maintained a Buy rating on Elastic NV (ESTC), with a price target of $108. The company’s shares closed yesterday at $80.25.
According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 20.6% and a 75.1% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, Cornerstone Ondemand, and Pivotal Software Inc.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Elastic NV with a $130 average price target, representing a 62.0% upside. In a report issued on May 27, KeyBanc also maintained a Buy rating on the stock with a $102 price target.
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Based on Elastic NV’s latest earnings release for the quarter ending January 31, the company reported a quarterly GAAP net loss of $21.35 million. In comparison, last year the company had a GAAP net loss of $21.4 million.
Based on the recent corporate insider activity of 43 insiders, corporate insider sentiment is neutral on the stock.
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Elastic NV engages in the provision of open source search and analytics engine services. It offers Elastic Stack, which is a set of software products that ingest and store data from any source, in any format, and perform search, analysis, and visualization.
