---
title: "RBC Capital Keeps Their Buy Rating on Elastic (ESTC)"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286628093.md"
description: "RBC Capital analyst Matthew Hedberg maintained a Buy rating on Elastic (ESTC) with a price target of $70.00. The stock closed at $49.78. The analyst has a 0.7% average return and a 46.26% success rate. The overall analyst consensus for Elastic is a Moderate Buy with an average price target of $79.64."
datetime: "2026-05-16T01:45:30.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286628093.md)
  - [en](https://longbridge.com/en/news/286628093.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286628093.md)
---

# RBC Capital Keeps Their Buy Rating on Elastic (ESTC)

RBC Capital analyst Matthew Hedberg maintained a Buy rating on Elastic on May 14 and set a price target of $70.00. The company’s shares closed yesterday at $49.78.

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According to TipRanks, Hedberg is a 2-star analyst with an average return of 0.7% and a 46.26% success rate. Hedberg covers the Technology sector, focusing on stocks such as CrowdStrike Holdings, CommVault Systems, and ServiceNow.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Elastic with a $79.64 average price target.

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