Elastic Stock (ESTC): $120 Price Target From Jefferies

By Amit Chowdhry ● Updated January 14, 2022
  • The shares of Elastic NV (NYSE: ESTC) have received a $120 price target from Jefferies. These are the details.

The shares of Elastic NV (NYSE: ESTC) have received a $120 price target from Jefferies. And Jefferies analyst Brent Thill is maintaining a “Hold” rating on the shares.

Thill noted that while he remains constructive on the company’s core fundamental opportunity, the timing of leadership changes announced with just a couple of weeks left in the quarter is worth monitoring.

And Thill pointed out that at 8-times expected 2023 revenue, the risk/reward on Elastic is balanced given the near-term disruption.

Disclaimer: This content is intended for informational purposes. Before making any investment, you should do your own analysis.