Wedbush analyst Daniel Ives initiates coverage on $Elastic (ESTC.US)$ with a buy rating, and sets the target price at $135.
According to TipRanks data, the analyst has a success rate of 54.5% and a total average return of 5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Elastic (ESTC.US)$'s main analysts recently are as follows:
The company's Q2 results exceeded expectations in multiple areas which is likely to positively influence investor sentiment. Elastic seems to be making significant progress following its go-to-market adjustments earlier in the year. The outlook for the latter half of the year appears promising, based on the recent performance trends observed.
Following a 'strong' Q2 performance, the company demonstrated a significant recovery from earlier go-to-market missteps observed in Q1. The recent quarter witnessed accelerated bookings and billings growth, along with an increasing contribution from generative artificial intelligence. Analysts believe that generative AI is catalyzing a revival in the company's primary search business and anticipate the stock's positive trajectory will persist with resolved execution issues and still-conservative guidance.
The company's recent quarterly results suggest that the transition within the sales organization may not have been as disruptive as initially anticipated, although it remains a potential risk. The updated guidance for FY25, projecting total revenue growth of 10%-13% year-over-year by the end of FY25, suggests a conservative approach, yet this forecast could be seen as somewhat unimpressive given the dynamic sectors of gen-AI, security, and observability that the company engages in.
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韦德布什分析师Daniel Ives首予$Elastic (ESTC.US)$买入评级，目标价135美元。
根据TipRanks数据显示，该分析师近一年总胜率为54.5%，总平均回报率为5.1%。
此外，综合报道，$Elastic (ESTC.US)$近期主要分析师观点如下：
该公司第二季度的业绩在多个领域都超出了预期，这可能会对投资者的情绪产生积极影响。继今年早些时候的上市调整之后，Elastic似乎取得了重大进展。根据最近观察到的业绩趋势，下半年的前景似乎令人鼓舞。
继第二季度业绩 “强劲” 之后，该公司从第一季度出现的先前上市失误中显著复苏。最近一个季度，预订量和账单增长加速，生成式人工智能的贡献也越来越大。分析师认为，生成式人工智能正在推动该公司主要搜索业务的复苏，并预计，在执行问题得到解决和指导仍然保守的情况下，该股的积极走势将持续下去。
该公司最近的季度业绩表明，尽管仍然存在潜在风险，但销售组织内部的过渡可能没有最初预期的那么具有破坏性。最新的25财年指引预计到25财年末，总收入将同比增长10％-13％，这表明了保守的态度，但鉴于该公司从事的Gen-AI、安全和可观测性等充满活力的领域，这一预测可能被认为并不令人印象深刻。
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