InvestorsObserver is giving Elastic NV (ESTC) an Analyst Rating Rank of 64, meaning ESTC is ranked higher by analysts than 64% of stocks. The average projection by analysts for ESTC is $122.666 over the next 12 months and analyst’s classify the stock as a Strong Buy
Why are Analyst Ratings Important?
Fundamental research of the underlying health of a company can be an extremely useful resource when making investment decisions. Analysts observe growth prospects and forecasted earnings of companies to gain a comprehensive view of particular industries. This data allows traders to react before numbers are officially reported.
Investors Observer takes the ratings from these analysts and percentile ranks those aveages. This allows you to compare stocks extensively and in more detail than the common buy/hold/sell ratings.
What's Happening With Elastic NV Stock Today?
Elastic NV (ESTC) stock is trading at $106.03 as of 1:54 PM on Wednesday, Sep 16, a rise of $2.22, or 2.14% from the previous closing price of $103.81. The stock has traded between $104.17 and $107.26 so far today. Volume today is low. So far 529,603 shares have traded compared to average volume of 1,185,698 shares.