Elastic upgraded by Monness Crespi & Hardt with a new price target
$ESTC
Computer Software: Prepackaged Software
Technology
Monness Crespi & Hardt upgraded Elastic from Neutral to Buy and set a new price target of $111.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 11/21/2025 | Buy → Neutral | Monness Crespi & Hardt | |
| 10/6/2025 | $90.00 | Sector Outperform → Sector Perform | Scotiabank |
| 10/1/2025 | $90.00 | Equal Weight | Wells Fargo |
| 8/29/2025 | $105.00 | Neutral | DA Davidson |
| 8/29/2025 | $111.00 → $150.00 | Buy | Monness Crespi & Hardt |
| 6/27/2025 | $111.00 | Neutral → Buy | Monness Crespi & Hardt |
| 6/10/2025 | Sector Weight | KeyBanc Capital Markets | |
| 1/17/2025 | $108.00 | Neutral | Cantor Fitzgerald |
Q2 Revenue of $423 million, up 16% year-over-year (15% in constant currency) Raised full-year total revenue guidance by $18 million with strong customer commitments supporting our growth Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced financial results for its second quarter of fiscal 2026 ended October 31, 2025. Second Quarter Fiscal 2026 Financial Highlights Total revenue was $423 million, an increase of 16% year-over-year, or 15% on a constant currency basis Total subscription revenue was $398 million, an increase of 17% year-over-year, or 16% on a constant currency basis Sales-led subscription revenue (calculated as subscription revenue excluding Monthly
Elastic (NYSE:ESTC), the Search AI Company, has been named a Leader in the IDC MarketScape: Worldwide Observability Platforms 2025 Vendor Assessment (doc #US53004325, November 2025). According to the IDC MarketScape report, "Elastic's overarching strength is an open standards–first architecture that reduces tooling white space by natively ingesting OpenTelemetry data, correlating across signals, and exposing pipeline and retention controls that help teams move from detection to decision without re-instrumenting estates or duplicating data flows across hybrid and multicloud." IDC also highlights in its report that users should choose Elastic "...when an open standards observability platf
Elastic (NYSE:ESTC), the Search AI company, has been named a Leader in the IDC MarketScape: Worldwide General-Purpose Knowledge Discovery 2025 Vendor Assessment (doc #US53011225, November 2025). The IDC MarketScape report recognizes Elasticsearch as a widely deployed open source document and vector database, offering developers a powerful search and analytics engine with the speed and scale needed for creating generative AI and other applications. Built for relevance at scale, Elasticsearch is the ideal platform for agentic AI as it provides developers with the essential building blocks for context engineering. It is the world's most downloaded vector database, and delivers fast semantic
Monness Crespi & Hardt downgraded Elastic from Buy to Neutral
Scotiabank downgraded Elastic from Sector Outperform to Sector Perform and set a new price target of $90.00
Wells Fargo initiated coverage of Elastic with a rating of Equal Weight and set a new price target of $90.00
4 - Elastic N.V. (0001707753) (Issuer)
4 - Elastic N.V. (0001707753) (Issuer)
4 - Elastic N.V. (0001707753) (Issuer)
8-K - Elastic N.V. (0001707753) (Filer)
SCHEDULE 13G/A - Elastic N.V. (0001707753) (Subject)
SCHEDULE 13G/A - Elastic N.V. (0001707753) (Subject)
4 - Elastic N.V. (0001707753) (Issuer)
SC 13G/A - Elastic N.V. (0001707753) (Subject)
SC 13G/A - Elastic N.V. (0001707753) (Subject)
SC 13G/A - Elastic N.V. (0001707753) (Subject)
Former HashiCorp and IBM executive joins Elastic to play key role in driving next phase of growth Elastic ® (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced the appointment of Navam Welihinda as chief financial officer, effective February 28, 2025. In this role, Welihinda will serve as the Company's principal financial officer and principal accounting officer. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250227725046/en/Navam Welihinda, Chief Financial Officer at Elastic (Photo: Business Wire) Welihinda joins Elastic from Grammarly, where he served as CFO and oversaw corporate finance and corporate
SAN FRANCISCO, Nov. 26, 2024 /PRNewswire/ -- Autodesk, Inc. (NASDAQ:ADSK) today announced the appointment of Janesh Moorjani as the company's chief financial officer, effective December 16, 2024. Moorjani brings over 20 years of experience in the technology industry, with deep expertise in driving growth and efficiency at scale. Most recently, Moorjani served as CFO and COO of Elastic NV (NYSE:ESTC), the Search AI Company. Reporting to chief executive officer Andrew Anagnost, Moorjani will lead and oversee Autodesk's global finance organization. Moorjani will succeed interim c
Former Cisco executive joins Elastic to help spearhead company's continued growth Elastic® (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, today announced the appointment of Mark Dodds as chief revenue officer, effective immediately. Reporting to Elastic CEO Ash Kulkarni, Dodds will be responsible for driving all aspects of the company's revenue growth, building on its ongoing success as the leading search analytics platform. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20231211976269/en/Mark Dodds, Chief Revenue Officer, Elastic (Photo: Busines Wire) Dodds brings extensive global sales leadership experience to the
Q2 Revenue of $423 million, up 16% year-over-year (15% in constant currency) Raised full-year total revenue guidance by $18 million with strong customer commitments supporting our growth Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced financial results for its second quarter of fiscal 2026 ended October 31, 2025. Second Quarter Fiscal 2026 Financial Highlights Total revenue was $423 million, an increase of 16% year-over-year, or 15% on a constant currency basis Total subscription revenue was $398 million, an increase of 17% year-over-year, or 16% on a constant currency basis Sales-led subscription revenue (calculated as subscription revenue excluding Monthly
Elastic (NYSE:ESTC), the Search AI Company, announced that it will release its financial results for its second quarter fiscal 2026 ended October 31, 2025, after the U.S. market close on Thursday, November 20, 2025. The company will host a conference call at 2:00 p.m. PT / 5:00 p.m. ET that day to review its financial results and business outlook. A live webcast of the conference call will be accessible from the Elastic investor relations website at ir.elastic.co. A replay of the webcast will be available for two months. About Elastic Elastic (NYSE:ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone transform all
Acquisition advances Elastic's leadership in retrieval, embeddings, and context engineering to power agentic AI Elastic (NYSE:ESTC), the Search AI Company, has completed the acquisition of Jina AI, a pioneer in open source multimodal and multilingual embeddings, reranker, and small language models. The acquisition deepens Elastic's capabilities in vector search, retrieval-augmented generation (RAG), and context engineering, further strengthening the company's position as the leading Search AI Platform for developers and enterprises. Elastic's addition of Jina AI demonstrates its continued commitment to delivering open, accessible, and production-ready Search AI at scale. "Search is th