RBC Capital Upgrades Elastic NV. (ESTC) to Outperform

RBC Capital analyst Matthew Hedberg upgraded Elastic NV. (NYSE: ESTC) from Sector Perform to Outperform with a price target of $112.00 (from $94.00).

The analyst commented, " We are upgrading Elastic to OP, shifting our valuation framework to CY/21 and increasing our tgt to $112 as we find current levels a more attractive LT entry point with several potential catalysts ahead."

For an analyst ratings summary and ratings history on Elastic NV. click here. For more ratings news on Elastic NV. click here.

Shares of Elastic NV. closed at $86.49 yesterday.

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