TD Cowen Reaffirms Their Hold Rating on Elastic (ESTC)
In a report released yesterday, Andrew Sherman from TD Cowen reiterated a Hold rating on Elastic (ESTC – Research Report), with a price target of $90.00. The company's shares closed yesterday at $92.03.
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Sherman covers the Technology sector, focusing on stocks such as PagerDuty, JFrog, and Procore Technologies. According to TipRanks, Sherman has an average return of 12.3% and a 69.23% success rate on recommended stocks.
Currently, the analyst consensus on Elastic is a Moderate Buy with an average price target of $119.86, which is a 30.24% upside from current levels. In a report released on May 27, Cantor Fitzgerald also reiterated a Hold rating on the stock with a $109.00 price target.
The company has a one-year high of $123.96 and a one-year low of $69.00. Currently, Elastic has an average volume of 1.76M.
Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESTC in relation to earlier this year. Most recently, in March 2025, Carolyn Herzog, the CLO of ESTC sold 4,500.00 shares for a total of $440,415.00.
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