Wall Street Analysts Think Elastic (ESTC) Could Surge 40.83%: Read This Before Placing a Bet

Shares of Elastic (ESTC) have gained 6.2% over the past four weeks to close the last trading session at $85.09, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $119.83 indicates a potential upside of 40.8%.The mean estimate comprises 24 short-term price targets with a standard deviation of $13.6. While the lowest estimate of $87.00 indicates a 2.2% increase from the current pric ...