Monness analyst Brian White maintained a Buy rating on Elastic NV (ESTC) today and set a price target of $120. The company’s shares closed yesterday at $82.16.
According to TipRanks.com, White is a top 25 analyst with an average return of 24.4% and a 72.6% success rate. White covers the Technology sector, focusing on stocks such as Spotify Technology SA, Salesforce.com, and Alphabet Inc.
Currently, the analyst consensus on Elastic NV is a Moderate Buy with an average price target of $102, which is a 24.1% upside from current levels. 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 42 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.
