This section contains press releases and other materials from third parties (including paid content). The Globe and Mail has not reviewed this content. Please see disclaimer.

Analysts Offer Insights on Technology Companies: Elastic (ESTC), Seagate Tech (STX) and VNET Group, Inc. Sponsored ADR (VNET)

Tipranks - Tipranks - Wed Jun 17, 7:24AM CDT

Companies in the Technology sector have received a lot of coverage today as analysts weigh in on Elastic (ESTC), Seagate Tech (STX) and VNET Group, Inc. Sponsored ADR (VNET).

Claim 55% Off TipRanks

Elastic (ESTC)

Needham analyst Mike Cikos maintained a Hold rating on Elastic today. The company’s shares closed last Monday at $62.30.

According to TipRanks.com, Cikos is a 5-star analyst with an average return of 11.6% and a 55.4% success rate. Cikos covers the Technology sector, focusing on stocks such as DigitalOcean Holdings, CrowdStrike Holdings, and Palo Alto Networks. ;'>

Currently, the analyst consensus on Elastic is a Moderate Buy with an average price target of $73.59, which is a 20.5% upside from current levels. In a report issued on June 1, KeyBanc also maintained a Hold rating on the stock.

See Insiders’ Hot Stocks on TipRanks >>

Seagate Tech (STX)

J.P. Morgan analyst Samik Chatterjee maintained a Buy rating on Seagate Tech yesterday and set a price target of $920.00. The company’s shares closed last Monday at $1018.80.

According to TipRanks.com, Chatterjee is a top 25 analyst with an average return of 55.0% and a 75.2% success rate. Chatterjee covers the Technology sector, focusing on stocks such as Ingram Micro Holding Corporation, Hewlett Packard Enterprise, and Keysight Technologies. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Seagate Tech with a $885.29 average price target, a -14.3% downside from current levels. In a report issued on June 1, Citi also maintained a Buy rating on the stock with a $1150.00 price target.

VNET Group, Inc. Sponsored ADR (VNET)

In a report released yesterday, Albert Hung from J.P. Morgan maintained a Buy rating on VNET Group, Inc. Sponsored ADR, with a price target of $15.00. The company’s shares closed last Monday at $9.34.

Hung has an average return of 129.8% when recommending VNET Group, Inc. Sponsored ADR. ;'>

According to TipRanks.com, Hung is ranked #2552 out of 12317 analysts.

Currently, the analyst consensus on VNET Group, Inc. Sponsored ADR is a Strong Buy with an average price target of $17.72, a 93.0% upside from current levels. In a report issued on June 10, DBS also maintained a Buy rating on the stock with a $16.70 price target.

Read More on ESTC:

Disclaimer & DisclosureReport an Issue

This article contains syndicated content. We have not reviewed, approved, or endorsed the content, and may receive compensation for placement of the content on this site. For more information please view the Barchart Disclosure Policy here.

All market data (will open in new tab) is provided by Barchart Solutions. Copyright © 2026.

Information is provided 'as is' and solely for informational purposes, not for trading purposes or advice. For exchange delays and terms of use, please read disclaimer (will open in new tab).