Elastic upgraded by Wedbush with a new price target
$ESTC
Computer Software: Prepackaged Software
Technology
Wedbush upgraded Elastic from Neutral to Outperform and set a new price target of $135.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 9/11/2024 | $100.00 | Buy | Guggenheim |
Automates switch from incumbent SIEM to Elastic Security without the need to manually rebuild existing detection rules Elastic (NYSE:ESTC), the Search AI Company, has announced Automatic Migration, a new feature that simplifies the transition from an incumbent SIEM to Elastic Security. Automatic Migration maps existing SIEM detection rules to equivalent Elastic-built rules using semantic search without the need for exact text matches. The feature also translates any rules that are not mapped, including associated lookups and macros, into new Elastic queries using generative AI grounded in custom knowledge. "Many security teams are stuck using their inefficient SIEMs due to the significant
Developers building observability, security, and search applications benefit from uncompromised speed and scale Elastic (NYSE:ESTC), the Search AI Company, announced the general availability of Elastic Cloud Serverless on Google Cloud Marketplace. Developers can now quickly scale Elastic's Security, Observability and Search solutions on Google Cloud without having to manage their own infrastructure. Built on the industry-first Search AI Lake architecture, which leverages Google Cloud Storage, Elastic Cloud Serverless combines vast storage, separate storage and compute, low-latency querying, and advanced AI capabilities to deliver uncompromising speed and scale. "Bringing Elastic Cloud Se
Benchmarking shows Elasticsearch runs up to 40% faster on Google Axion Processor C4A Elastic (NYSE:ESTC), the Search AI Company, announced Elasticsearch runs with up to 40% higher indexing throughput on C4A VMs, powered by Google Axion, Google's first custom Arm-based CPU, compared to previous generations of VMs on Google Cloud. Elastic used a macro benchmarking framework for Rally with the elastic/logs track to determine the maximum indexing performance on Google Axion-powered VMs. C4A also powers Elastic Cloud Serverless. "Elastic is driving innovation and cost-efficiency by enabling customers to leverage our Search AI-powered search, observability, and security solutions on Arm-based a
Cantor Fitzgerald initiated coverage of Elastic with a rating of Neutral and set a new price target of $108.00
Morgan Stanley initiated coverage of Elastic with a rating of Overweight and set a new price target of $130.00
Wedbush upgraded Elastic from Neutral to Outperform and set a new price target of $135.00
4 - Elastic N.V. (0001707753) (Issuer)
4 - Elastic N.V. (0001707753) (Issuer)
4 - Elastic N.V. (0001707753) (Issuer)
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
Q3 Revenue of $382 million, up 17% year-over-year (17% in constant currency) Q3 Elastic Cloud Revenue of $180 million, up 26% year-over-year (26% in constant currency) Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its third quarter of fiscal 2025 ended January 31, 2025. Third Quarter Fiscal 2025 Financial Highlights Total revenue was $382 million, an increase of 17% year-over-year, as reported and on a constant currency basis Elastic Cloud revenue was $180 million, an increase of 26% year-over-year, as reported and on a constant currency basis GAAP operating loss was $5 million; GAAP operating margin was -1% Non-GAAP op
Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced that it will release its financial results for its third quarter fiscal 2025 ended January 31, 2025 after the U.S. market close on Thursday, Feb 27, 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, enables everyone to find the answers they need in real-time using all their data, at scale. Elastic's so
Q2 Revenue of $365 million, up 18% year-over-year (17% in constant currency) Q2 Elastic Cloud Revenue of $169 million, up 25% year-over-year (25% in constant currency) Announces Chief Financial Officer Transition Elastic (NYSE:ESTC) ("Elastic"), the company behind Elasticsearch®, announced financial results for its second quarter of fiscal 2025 ended October 31, 2024. Second Quarter Fiscal 2025 Financial Highlights Total revenue was $365 million, an increase of 18% year-over-year, or 17% on a constant currency basis Elastic Cloud revenue was $169 million, an increase of 25% year-over-year, as reported and on a constant currency basis GAAP operating loss was $4 million; GAAP
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