Elastic (NYSE:ESTC) Price Target Raised to $105.00

Elastic (NYSE:ESTC) had its price objective lifted by JPMorgan Chase & Co. from $93.00 to $105.00 in a research note released on Friday,Benzinga reports. The firm currently has an overweight rating on the stock.

Other research analysts have also recently issued research reports about the stock. TD Cowen boosted their price objective on shares of Elastic from $55.00 to $70.00 and gave the stock a “hold” rating in a research report on Tuesday, August 25th. Wolfe Research set a $55.00 target price on shares of Elastic in a research note on Friday, May 29th. Citigroup lifted their target price on shares of Elastic from $104.00 to $128.00 and gave the stock a “buy” rating in a report on Friday. Truist Financial lifted their price objective on Elastic from $80.00 to $100.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Royal Bank Of Canada upped their price objective on Elastic from $70.00 to $87.00 and gave the company an “outperform” rating in a report on Friday, August 14th. Fifteen research analysts have rated the stock with a Buy rating and fourteen have given a Hold rating to the company’s stock. According to data from MarketBeat, Elastic has a consensus rating of “Moderate Buy” and an average price target of $94.12.

Elastic Stock Down 0.2%

Shares of NYSE:ESTC opened at $99.75 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. The firm has a market cap of $10.37 billion, a P/E ratio of 27.94, a P/E/G ratio of 23.93 and a beta of 0.98. Elastic has a 12 month low of $42.05 and a 12 month high of $108.00. The company’s 50-day moving average price is $68.25 and its two-hundred day moving average price is $59.03.

Elastic (NYSE:ESTC) last announced its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. Elastic had a net margin of 20.84% and a negative return on equity of 0.38%. The company had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. During the same period in the previous year, the firm posted $0.60 earnings per share. The company’s revenue was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. As a group, research analysts forecast that Elastic will post 0.25 EPS for the current fiscal year.

Insider Transactions at Elastic

In other news, CAO Jane E. Bone sold 1,104 shares of the business’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $66,913.44. Following the completion of the transaction, the chief accounting officer owned 53,415 shares of the company’s stock, valued at $3,237,483.15. The trade was a 2.02% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CTO Shay Banon sold 9,288 shares of the company’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $562,945.68. Following the completion of the sale, the chief technology officer owned 4,417,140 shares of the company’s stock, valued at approximately $267,722,855.40. This represents a 0.21% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 110,099 shares of company stock valued at $6,673,100. Corporate insiders own 12.70% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. acquired a new stake in Elastic during the 2nd quarter worth approximately $31,000. Bessemer Group Inc. acquired a new position in Elastic in the 1st quarter worth $25,000. Activest Wealth Management increased its holdings in Elastic by 3,181.2% during the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after purchasing an additional 509 shares in the last quarter. Aster Capital Management DIFC Ltd increased its holdings in Elastic by 206.1% during the 4th quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock worth $42,000 after purchasing an additional 371 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC acquired a new stake in shares of Elastic in the 1st quarter valued at about $28,000. 97.03% of the stock is owned by institutional investors and hedge funds.

Key Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Quarterly beat and raised outlook: Elastic reported adjusted EPS of $0.70 versus the consensus estimate of $0.58, while revenue reached approximately $478.1 million, up about 15% year over year and ahead of most estimates. Management guided fiscal Q2 EPS to $0.80-$0.82, compared with the $0.66 consensus, and raised fiscal 2027 EPS guidance to $3.29-$3.37 versus an expected $2.64. Elastic Tops Q1 Earnings and Revenue Estimates
• Positive Sentiment: AI and enterprise demand are supporting growth: Coverage highlights increasing AI adoption, expansion among large enterprise customers and new product investments as drivers of Elastic’s accelerating revenue outlook. The results also showed solid cash generation, with operating cash flow of roughly $132 million. Another Day, Another Software Stock Surging 20%
• Positive Sentiment: Analyst targets moved higher: Oppenheimer, Jefferies, JPMorgan, Canaccord Genuity and Robert W. Baird all raised their price targets following the earnings report. Several firms now carry targets of $118-$120, with ratings ranging from “buy” to “outperform,” reinforcing the bullish reaction. Jefferies Raises Elastic Price Target
• Neutral Sentiment: Elastic announced that proxy materials for its October 15, 2026 annual shareholder meeting are available online. The filing is routine and is unlikely to materially affect the stock. Elastic Announces Proxy Materials Availability
• Negative Sentiment: Some valuation caution remains: Morgan Stanley maintained an “equal weight” rating with a $75 target, below the current trading level. Reported insider activity also shows sales without purchases in recent months, although these transactions may reflect routine diversification.

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.