- 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.
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