Oppenheimer analyst Ittai Kidron maintained a Buy rating on Elastic (ESTC) today and set a price target of $110.00. The company’s shares closed last Monday at $66.39, close to its 52-week low of $60.10.
According to TipRanks.com, Kidron is a top 25 analyst with an average return of 30.7% and a 71.9% success rate. Kidron covers the Technology sector, focusing on stocks such as Cambium Networks, Citrix Systems, and Atlassian.
Currently, the analyst consensus on Elastic is a Strong Buy with an average price target of $99.14.
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Based on Elastic’s latest earnings release for the quarter ending October 31, the company reported a quarterly GAAP net loss of $49.97 million. In comparison, last year the company had a GAAP net loss of $27.54 million.
Based on the recent corporate insider activity of 96 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.
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