Elastic N.V. (ESTC) Reports Q2 Loss of $0.38 on Revenues of $63.58M; Offers FY19 Revenue Guidance Above Consensus

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Go back to Elastic N.V. (ESTC) Reports Q2 Loss of $0.38 on Revenues of $63.58M; Offers FY19 Revenue Guidance Above Consensus

Elastic NV. (ESTC) PT Raised to $77 at RBC Capital

December 6, 2018 7:17 AM EST

RBC Capital analyst Matthew Hedberg raised the price target on Elastic NV. (NYSE: ESTC) to $77.00 (from $71.00) while maintaining an Outperform rating.

Hedberg said they remain positive on the opportunity in search and raise our target to $77 on higher estimates and momentum in core fundamentals.

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