Jefferies (NYSE:JEF) analyst Brent Thill maintained a Buy rating on Elastic (NYSE:ESTC) on Sunday, setting a price target of $185, which is approximately 15.87% above the present share price of $159.66.
Thill expects Elastic to post earnings per share (EPS) of -$0.38 for the third quarter of 2021.
The current consensus among 11 TipRanks analysts is for a Strong Buy rating of shares in Elastic, with an average price target of $189.64.
The analysts price targets range from a high of $230 to a low of $170.
In its latest earnings report, released on 07/31/2021, the company reported a quarterly revenue of $193.1 million and a net profit of -$31.03 million. The company's market cap is $14.66 billion.
According to TipRanks.com, Jefferies analyst Brent Thill is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 29.2% and a 78.40% success rate.
Elastic NV engages in the provision of open source search and analytics engine services. It offers Elastic Stack, which is a set of software products that ingest and store data from any source, in any format, and perform search, analysis, and visualization. The company was founded by Shay Banon, Uri Boness, Steven Schuurman, and Simon Willnauer on February 9, 2012 and is headquartered in Mountain View, CA.