RBC Capital analyst Matthew Hedberg maintained a Buy rating on Elastic (NYSE:ESTC) on Thursday, setting a price target of $200, which is approximately 43.75% above the present share price of $139.13.
Hedberg expects Elastic to post earnings per share (EPS) of -$0.38 for the fourth quarter of 2021.
The current consensus among 6 TipRanks analysts is for a Moderate Buy rating of shares in Elastic, with an average price target of $192.4.
The analysts price targets range from a high of $230 to a low of $150.
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 $12.77 billion.
According to TipRanks.com, RBC Capital analyst Matthew Hedberg is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 28.3% and a 58.82% 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.