Elastic (NYSE:ESTC) Price Target Lowered to $75.00 at Jefferies Financial Group

Key Points

• Jefferies Financial Group cut Elastic’s price target from $95 to $75, while maintaining a buy rating. The new target still implies about 16% upside from the stock’s current price.
• Elastic’s latest quarterly results beat expectations, with EPS of $0.61 and revenue of $450.7 million, both ahead of estimates. Revenue also rose 16% year over year.
• The stock climbed 11.9% to $64.49 on Friday amid heavy trading, as investors digested strong earnings and updated guidance. Analysts remain generally constructive, with a consensus rating of Moderate Buy and an average price target of $80.33.

Elastic (NYSE:ESTC - Get Free Report) had its target price lowered by investment analysts at Jefferies Financial Group from $95.00 to $75.00 in a research note issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the stock. Jefferies Financial Group's price objective would suggest a potential upside of 16.30% from the stock's current price.

Several other research firms have also recently commented on ESTC. Guggenheim cut their target price on Elastic from $116.00 to $106.00 and set a "buy" rating on the stock in a research note on Tuesday, May 19th. Wells Fargo & Company cut their target price on Elastic from $75.00 to $60.00 and set an "equal weight" rating on the stock in a research note on Friday, February 27th. Morgan Stanley cut their target price on Elastic from $80.00 to $73.00 and set an "overweight" rating on the stock in a research note on Monday, March 2nd. William Blair started coverage on Elastic in a research note on Friday, May 22nd. They issued an "outperform" rating on the stock. Finally, Rothschild & Co Redburn started coverage on Elastic in a research note on Thursday, April 23rd. They issued a "neutral" rating and a $49.00 target price on the stock. Eighteen equities research analysts have rated the stock with a Buy rating, twelve have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Elastic presently has a consensus rating of "Moderate Buy" and an average price target of $80.33.

Elastic Stock Up 11.9%

Shares of NYSE:ESTC traded up $6.88 during trading on Friday, hitting $64.49. 5,047,421 shares of the company's stock traded hands, compared to its average volume of 2,062,462. Elastic has a 52 week low of $42.05 and a 52 week high of $96.07. The company has a current ratio of 1.82, a quick ratio of 1.82 and a debt-to-equity ratio of 0.72. The company has a market cap of $6.67 billion, a price-to-earnings ratio of -80.61, a price-to-earnings-growth ratio of 101.99 and a beta of 0.88. The company has a 50-day moving average price of $50.20 and a 200-day moving average price of $62.82.

Elastic (NYSE:ESTC - Get Free Report) last released its quarterly earnings data on Thursday, May 28th. The company reported $0.61 earnings per share for the quarter, beating the consensus estimate of $0.56 by $0.05. The business had revenue of $450.68 million for the quarter, compared to analysts' expectations of $446.66 million. Elastic had a negative return on equity of 2.34% and a negative net margin of 5.04%.Elastic's revenue for the quarter was up 16.0% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.47 EPS. Elastic has set its FY 2027 guidance at 3.210-3.290 EPS and its Q1 2027 guidance at 0.570-0.590 EPS. As a group, research analysts forecast that Elastic will post 0.04 EPS for the current fiscal year.

Insider Activity at Elastic

In other news, insider Carolyn Herzog sold 3,989 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total transaction of $208,544.92. Following the sale, the insider owned 85,335 shares in the company, valued at $4,461,313.80. This represents a 4.47% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, insider Ken Exner sold 4,310 shares of the company's stock in a transaction that occurred on Monday, March 9th. The stock was sold at an average price of $52.28, for a total value of $225,326.80. Following the sale, the insider owned 222,728 shares in the company, valued at approximately $11,644,219.84. This represents a 1.90% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 38,188 shares of company stock worth $1,996,469. Insiders own 12.70% of the company's stock.

Institutional Investors Weigh In On Elastic

A number of institutional investors and hedge funds have recently made changes to their positions in ESTC. Orion Porfolio Solutions LLC grew its stake in Elastic by 1.4% in the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company's stock valued at $726,000 after acquiring an additional 118 shares during the period. Northwestern Mutual Wealth Management Co. grew its stake in Elastic by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock valued at $98,000 after acquiring an additional 171 shares during the period. Public Employees Retirement System of Ohio grew its stake in Elastic by 0.6% in the third quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company's stock valued at $2,393,000 after acquiring an additional 175 shares during the period. Jones Financial Companies Lllp grew its stake in Elastic by 6.9% in the third quarter. Jones Financial Companies Lllp now owns 3,020 shares of the company's stock valued at $260,000 after acquiring an additional 194 shares during the period. Finally, California State Teachers Retirement System grew its stake in Elastic by 0.3% in the second quarter. California State Teachers Retirement System now owns 83,403 shares of the company's stock valued at $7,033,000 after acquiring an additional 219 shares during the period. Institutional investors own 97.03% of the company's stock.

Elastic News Summary

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Elastic reported fiscal Q4 EPS of $0.61 and revenue of $450.7 million, both ahead of estimates, while revenue grew 16% year over year. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: The company’s outlook also came in above consensus, with Q1 2027 EPS guidance of $0.57-$0.59 and FY 2027 EPS guidance of $3.21-$3.29, signaling confidence in continued growth and profitability improvement. Elastic Reports Fourth Quarter and Fiscal 2026 Financial Results
• Positive Sentiment: Citigroup raised its price target on Elastic to $104 from $95, and Canaccord still kept a Buy rating while setting a $80 target, reinforcing bullish sentiment from analysts. Analyst price target updates via Benzinga
• Positive Sentiment: Elastic also reported solid operating cash flow and a growing backlog, which can help investors view the business as having durable demand despite near-term volatility. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook
• Neutral Sentiment: Several analysts did trim targets after the earnings release, including Wedbush, Oppenheimer, and Canaccord, suggesting expectations have reset rather than turned negative. Analyst price target updates via Benzinga
• Negative Sentiment: Some investors may be disappointed that fiscal 2027 revenue guidance implies growth moderating to the mid-teens, which appears to have caused initial post-earnings selling pressure. Elastic shares fall 3.2% as investors digest Q4 results and fiscal 2027 outlook

About Elastic

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.