Jefferies Sticks to Its Buy Rating for Elastic (ESTC)
In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Elastic (ESTC – Research Report), with a price target of $110.00. The company's shares closed yesterday at $92.03.
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According to TipRanks, Thill is a 5-star analyst with an average return of 13.6% and a 66.53% success rate. Thill covers the Technology sector, focusing on stocks such as Adobe, Intuit, and Microsoft.
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 yesterday, Robert W. Baird also maintained a Buy rating on the stock with a $115.00 price target.
ESTC market cap is currently $9.69B and has a P/E ratio of -71.20.
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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