Stifel Nicolaus analyst Brad Reback maintained a Buy rating on Elastic (ESTC – Research Report) today and set a price target of $148.00. The company's shares closed last Friday at $81.60, close to its 52-week low of $72.20. According to TipRanks.com, Reback is a 5-star analyst with an average return of 17.5% and a 62.2% success rate. Reback covers the Technology sector, focusing on stocks such as Cognyte Software, ServiceNow, and Paycor HCM. The word on The Street in general, suggests a Strong Buy analyst consensus rating for Elastic with a $137.82 average price target, implying a 62.9% upside from current levels.
https://www.tipranks.com/news/blurbs/stifel-nicolaus-thinks-elastics-stock-is-going-to-recover?utm_source=advfn.com&utm_medium=referral
Elastic NV (NYSE:ESTC)
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