Elastic NV (NYSE:ESTC) rose 3.4% on Thursday . The company traded as high as $76.80 and last traded at $74.62. Approximately 4,374 shares changed hands during mid-day trading, a decline of 99% from the average daily volume of 298,696 shares. The stock had previously closed at $72.20.

ESTC has been the topic of a number of analyst reports. Jefferies Financial Group initiated coverage on Elastic in a report on Tuesday, October 30th. They set a “hold” rating and a $65.00 target price on the stock. Goldman Sachs Group began coverage on Elastic in a research report on Tuesday, October 30th. They issued a “buy” rating and a $68.00 target price on the stock. Barclays began coverage on Elastic in a research report on Tuesday, October 30th. They issued an “overweight” rating and a $79.00 price objective on the stock. JPMorgan Chase & Co. began coverage on Elastic in a research report on Tuesday, October 30th. They issued a “neutral” rating and a $60.00 price objective on the stock. Finally, Bank of America initiated coverage on Elastic in a research report on Tuesday, October 30th. They issued a “buy” rating and a $81.00 price objective on the stock. Four investment analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock currently has an average rating of “Buy” and an average price target of $70.38.

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Elastic Company Profile (NYSE:ESTC)

Elastic N.V. develops and delivers technology that enables users to search structured and unstructured data for a range of consumer and enterprise applications. It primarily provides Elastic Stack, a set of software products that ingest and store data from various sources and formats, as well as performs search, analysis, and visualization.

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