KeyBanc Capital Markets initiated coverage on Elastic
$ESTC
Computer Software: Prepackaged Software
Technology
KeyBanc Capital Markets initiated coverage of Elastic with a rating of Sector Weight
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/10/2025 | Sector Weight | KeyBanc Capital Markets | |
| 1/17/2025 | $108.00 | Neutral | Cantor Fitzgerald |
| 12/17/2024 | $130.00 | Overweight | Morgan Stanley |
| 11/25/2024 | $135.00 | Neutral → Outperform | Wedbush |
| 11/22/2024 | $125.00 → $140.00 | Outperform | Oppenheimer |
| 11/22/2024 | $95.00 → $135.00 | Neutral → Outperform | Robert W. Baird |
| 10/14/2024 | Mkt Perform → Outperform | William Blair | |
| 10/7/2024 | $90.00 → $95.00 | Equal Weight → Overweight | Barclays |
Q4 Revenue of $388 million, up 16% year-over-year (16% in constant currency) Q4 Elastic Cloud Revenue of $182 million, up 23% year-over-year (23% in constant currency) FY25 Revenue of $1.483 billion, up 17% year-over-year (17% in constant currency) Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced financial results for its fourth quarter and full fiscal year ended April 30, 2025. Fourth Quarter Fiscal 2025 Financial Highlights Total revenue was $388 million, an increase of 16% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $182 million, an increase of 23% year-over-year, as reported and on a constant currency basis GAA
Strategic go-to-market collaboration and integrations to help customers build secure AI applications faster with combined search and generative AI capabilities Elastic (NYSE:ESTC), the Search AI company, announced a new five-year strategic collaboration agreement (SCA) with Amazon Web Services (AWS). The agreement reflects a shared commitment to help accelerate organizations' transition into AI-native enterprises through joint product integrations and go-to-market (GTM) initiatives that help customers build generative AI-based applications faster while reducing complexity. Building on a foundation of strong collaboration, Elastic and AWS will continue to invest in technical integrations
Elastic (NYSE:ESTC), the Search AI Company, announced that its management will present at the following conferences: Bank of America Global Technology Conference on Wednesday, June 4, 2025 at 1:20 p.m. PT / 4:20 p.m. ET Rosenblatt Technology Summit on Wednesday, June 11, 2025 at 12:00 p.m. PT / 3:00 p.m. ET A live webcast and replay of the event will be available on Elastic's Investor Relations page at ir.elastic.co. About Elastic: Elastic (NYSE:ESTC), the Search AI Company, integrates its deep expertise in search technology with artificial intelligence to help everyone transform all of their data into answers, actions, and outcomes. Elastic's Search AI Platform — the foundation for