Elastic NV. (ESTC) PT Raised to $200 at Monness, Crespi, Hardt

February 25, 2021 8:00 AM EST
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Price: $131.93 --0%

Rating Summary:
    16 Buy, 3 Hold, 0 Sell

Rating Trend: = Flat

Today's Overall Ratings:
    Up: 18 | Down: 8 | New: 30
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Monness, Crespi, Hardt analyst Brian White raised the price target on Elastic NV. (NYSE: ESTC) to $200.00 (from $184.00) while maintaining a Buy rating.

The analyst commented, "Last night, Elastic N.V. reported exceptional 3Q:FY21 results and served up an excellent 4Q:FY21 outlook. We believe Elastic N.V will continue to benefit from strong secular tailwinds, expanded capabilities and accelerated digital transformation initiatives in 2021. We are raising our estimates and increasing our 12-month price target to $200 from $184."

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