Goldman Sachs Starts Elastic NV. (ESTC) at Buy

Goldman Sachs analyst Heather Bellini initiates coverage on Elastic NV. (NYSE: ESTC) with a Buy rating and a price target of $68.00.

The analyst is positive citing stewed optics on the guidance and sees multiple ways for the company to exceed expectations. She supports the view that searching (the company enables developers to embed search into their own applications) is foundational to a broad range of use-cases and experiences and believes the company's unique developer-focused model allows to address a nearly $45 billion market.

For an analyst ratings summary and ratings history on Elastic NV. click here. For more ratings news on Elastic NV. click here.

Shares of Elastic NV. closed at $62.44 yesterday.

You May Also Be Interested In

• UBS Starts Elevra Lithium (ELV:AU) at Buy
• Roth/MKM Starts Ambiq Micro Inc (AMBQ) at Buy
• Kodiak Gas Services Inc (KGS) PT Raised to $90 at Stifel on Multi-Year Growth Potential