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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花旗分析師Tyler Radke維持$Elastic (ESTC.US)$買入評級，並將目標價從136美元上調至150美元。
根據TipRanks數據顯示，該分析師近一年總勝率為54.1%，總平均回報率為8.3%。
此外，綜合報道，$Elastic (ESTC.US)$近期主要分析師觀點如下：
Elastic在第二季度的可喜業績超出了市場預期，表明了投資者的積極前景。這一改善歸因於公司成功克服了年初的市場推廣調整。對下半年積極的展望預計將爲公司提供強有力的支持。
在第二季度表現強勁之後，公司展示了對第一季度市場推廣挑戰的顯著恢復。所述期間不僅顯示了加速的預訂和賬單增長，還有來自生成人工智能技術的強大貢獻。人們認爲生成AI正在推動公司核心搜索業務的創新，同時跡象表明，在解決執行問題後，仍然保持着保守的預期。
Elastic最近的季度業績表明，其銷售組織的轉變可能沒有最初擔心的那麼具破壞性，儘管這仍然是一個潛在的風險。儘管謹慎，但公司對FY25年末總營業收入增長10%-13%的預測在其參與快速發展的生成AI、安防-半導體和可觀察性市場中，顯得有些溫和。
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