Citi analyst Tyler Radke maintains $Elastic (ESTC.US)$ with a buy rating, and adjusts the target price from $136 to $150.
According to TipRanks data, the analyst has a success rate of 54.1% and a total average return of 8.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Elastic (ESTC.US)$'s main analysts recently are as follows:
Elastic's commendable second quarter results which bettered consensus expectations, indicate a positive trajectory for investors. This improvement is attributed to the company having successfully navigated past its go-to-market adjustments earlier in the year. The favorable outlook for the latter part of the year is expected to provide a robust setup for the company.
Following a 'strong' Q2 performance, the company demonstrated a significant recovery from go-to-market challenges encountered in Q1. The period in question showed not only accelerated bookings and billings growth but also a robust contribution from generative artificial intelligence technologies. It's believed that generative AI is catalyzing innovation in the company's core search business, with indications that there remain conservative expectations in the face of resolved execution issues.
Elastic's recent quarterly outcomes suggest that the shift in its sales organization may have been less disruptive than initially feared, although it remains a potential risk. The company's forecast for a total revenue growth of 10%-13% by the end of FY25, despite being cautious, appears somewhat modest given its involvement in the rapidly evolving markets of gen-AI, security, and observability.
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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花旗分析师Tyler Radke维持$Elastic (ESTC.US)$买入评级，并将目标价从136美元上调至150美元。
根据TipRanks数据显示，该分析师近一年总胜率为54.1%，总平均回报率为8.3%。
此外，综合报道，$Elastic (ESTC.US)$近期主要分析师观点如下：
Elastic在第二季度的表现令人赞赏，超出了一致预期，显示出对投资者的积极前景。这一改善归因于公司成功克服了年初的市场调整。对下半年乐观的展望预计将为公司提供强有力的支撑。
在强劲的第二季度表现后，该公司显示出从第一季度遇到的市场挑战中显著恢复。该阶段不仅加速了预订和开票的增长，还得益于生成人工智能技术的强劲贡献。人们相信，生成人工智能正在推动公司核心搜索业务的创新，目前仍然存在保守的预期，尽管执行问题已经解决。
Elastic最近的季度业绩暗示，其销售组织的变动可能没有最初担心的那么具有破坏性，尽管这仍然是一个潜在风险。尽管谨慎，该公司预计到2025财年末总营业收入增长将达到10%-13%，考虑到其参与迅速发展的生成人工智能、安防-半导体和可观察性市场，这一预期显得相对温和。
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