Elastic NV (ESTC) Gets a Buy Rating from Barclays

In a report released yesterday, Raimo Lenschow from Barclays maintained a Buy rating on Elastic NV (ESTC), with a price target of $85. The company’s shares closed on Tuesday at $72.52.

According to TipRanks.com, Lenschow is a top 25 analyst with an average return of 18.3% and a 74.9% success rate. Lenschow covers the Technology sector, focusing on stocks such as Ceridian HCM Holding Inc, SolarWinds Corporation, and Cornerstone Ondemand.

Elastic NV has an analyst consensus of Moderate Buy, with a price target consensus of $75.

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The company has a one-year high of $83.84 and a one-year low of $58.55. Currently, Elastic NV has an average volume of 460.7K.

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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.