Elastic (ESTC) Now Covered by Bank of America

Equities research analysts at Bank of America began coverage on shares of Elastic (NYSE:ESTC) in a report issued on Tuesday, Marketbeat reports. The brokerage set a “buy” rating and a $81.00 price target on the stock. Bank of America’s price target suggests a potential upside of 18.27% from the company’s current price.

A number of other equities research analysts have also recently issued reports on ESTC. Jefferies Financial Group assumed coverage on shares of Elastic in a research report on Tuesday. They issued a “hold” rating and a $65.00 target price for the company. Barclays started coverage on shares of Elastic in a research report on Tuesday. They set an “overweight” rating and a $79.00 price objective for the company. JPMorgan Chase & Co. started coverage on shares of Elastic in a research report on Tuesday. They set a “neutral” rating and a $60.00 price objective for the company. Finally, Goldman Sachs Group started coverage on shares of Elastic in a research report on Tuesday. They set a “buy” rating and a $68.00 price objective for the company. Four analysts have rated the stock with a hold rating and four have given a buy rating to the company. Elastic presently has a consensus rating of “Buy” and an average target price of $70.38.

Shares of Elastic stock opened at $68.49 on Tuesday. Elastic has a 52-week low of $58.55 and a 52-week high of $74.20.

About Elastic

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization.

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Analyst Recommendations for Elastic (NYSE:ESTC)

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