On Nov 23, major Wall Street analysts update their ratings for $Elastic (ESTC.US)$, with price targets ranging from $110 to $140.
TD Cowen analyst Andrew Sherman maintains with a hold rating, and maintains the target price at $110.
Guggenheim analyst Howard Ma maintains with a buy rating, and adjusts the target price from $100 to $120.
Oppenheimer analyst Ittai Kidron maintains with a buy rating, and adjusts the target price from $125 to $140.
Stifel analyst Brad Reback maintains with a buy rating, and adjusts the target price from $98 to $132.
Piper Sandler analyst Rob Owens maintains with a buy rating, and adjusts the target price from $131 to $130.
Furthermore, according to the comprehensive report, the opinions of $Elastic (ESTC.US)$'s main analysts recently are as follows:
Elastic's recent quarterly outcomes suggest that the changes in the sales organization might not have been as disruptive as initially anticipated, though risks still persist. Additionally, while the company's revised guidance for FY25 forecasts a revenue growth of 10%-13% year-over-year by the end of FY25, this projection is perceived with a degree of conservatism and appears somewhat unexciting given the dynamic end-markets such as gen-AI, security, and observability that Elastic operates within.
The company's results showed an improvement compared to its first quarter performance, and the management's overall tone remained positive. Early indicators suggest that the changes made to the go-to-market strategy in Q1 are beginning to positively impact key customer metrics, particularly in commitments towards GenAI technologies, despite the company's cautious forward outlook.
Following a less impressive fiscal first quarter, Elastic exhibited stronger than anticipated performance in the third quarter, driven by widespread demand and enhanced sales execution. The guidance presented seems conservative, potentially establishing targets that are achievable or exceedable.
Elastic's Q2 results slightly exceeded expectations, and the changes in management were seen as a positive influence following recent challenges in execution.
Elastic reported a robust rebound in its recent quarter, surpassing top-line expectations by over 3%. This improvement was facilitated by a revitalized go-to-market strategy, which paved the way for effective sales execution marked by multi-year commitments. Moreover, noteworthy consumption trends, particularly amongst Elastic's major clients, contributed to this performance. The expectations of sustained sales effectiveness, increasing client consumption, opportunities in the growing GenAI sector, and continued operational efficiency, are seen as catalysts for Elastic's expected outperformance in the upcoming quarters.
Here are the latest investment ratings and price targets for $Elastic (ESTC.US)$ from 7 analysts:
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美东时间11月23日，多家华尔街大行更新了$Elastic (ESTC.US)$的评级，目标价介于110美元至140美元。
TD Cowen分析师Andrew Sherman维持持有评级，维持目标价110美元。
Guggenheim分析师Howard Ma维持买入评级，并将目标价从100美元上调至120美元。
奥本海默控股分析师Ittai Kidron维持买入评级，并将目标价从125美元上调至140美元。
斯迪富分析师Brad Reback维持买入评级，并将目标价从98美元上调至132美元。
派杰投资分析师Rob Owens维持买入评级，并将目标价从131美元下调至130美元。
此外，综合报道，$Elastic (ESTC.US)$近期主要分析师观点如下：
Elastic最近的季度业绩表明，销售组织的变化可能没有最初预期的那么具破坏性，尽管风险仍然存在。此外，尽管公司对FY25的营业收入增长预测年同比10%-13%，但这一预测被认为带有一定的保守性，并且在Elastic所处的动态终端市场（如人工智能、安防-半导体和可观察性）中显得有些乏味。
公司的业绩表现较首季有所改善，管理层整体态度保持积极。初步指标显示，Q1对市场策略的调整开始对关键客户指标产生积极影响，尤其是在承诺向GenAI技术方面的情况下，尽管公司对未来持谨慎态度。
在不太理想的财务第一季度之后，elastic在第三季度展现出超出预期的表现，受到广泛需求和提升的销售执行的推动。所提出的指导似乎是保守的，可能设定了可以实现或超越的目标。
Elastic的Q2业绩略高于预期，管理层变动被视为对最近执行挑战的积极影响。
Elastic在最近的季度报告了强劲反弹，收入超出预期值超过3%。这一改善得益于复苏的市场营销策略，为有效的多年承诺销售执行铺平了道路。此外，特别值得注意的消费趋势，特别是在Elastic的主要客户中，为这一业绩做出了贡献。对持续的销售效率期望、增加客户消费、在不断增长的GenAI领域中的机会以及持续的运营效率，被视为Elastic未来几个季度预期超越的推动因素。
以下为今日7位分析师对$Elastic (ESTC.US)$的最新投资评级及目标价：
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