Analysts Are Bullish on Top Technology Stocks: Globant SA (GLOB), Elastic (ESTC)
There’s a lot to be optimistic about in the Technology sector as 2 analysts just weighed in on Globant SA (GLOB – Research Report) and Elastic (ESTC – Research Report) with bullish sentiments.
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Globant SA (GLOB)
In a report released today, Mayank Tandon from Needham maintained a Buy rating on Globant SA, with a price target of $60.00. The company’s shares closed last Friday at $49.33.
According to TipRanks.com, Tandon ‘s ranking currently consits of 0 on a 0-5 ranking scale, with an average return of
Currently, the analyst consensus on Globant SA is a Moderate Buy with an average price target of $62.20, which is a 30.0% upside from current levels. In a report issued on February 23, Guggenheim also maintained a Buy rating on the stock with a $65.00 price target.
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Elastic (ESTC)
William Blair analyst Jonathan Ho maintained a Buy rating on Elastic today. The company’s shares closed last Friday at $52.13.
According to TipRanks.com, Ho is ranked 0 out of 5 stars with an average return of
Currently, the analyst consensus on Elastic is a Moderate Buy with an average price target of $83.11, implying a 50.8% upside from current levels. In a report issued on February 13, TipRanks – Google also upgraded the stock to Buy with a $68.00 price target.
