Wells Fargo initiated coverage on Elastic with a new price target
$ESTC
Computer Software: Prepackaged Software
Technology
Wells Fargo initiated coverage of Elastic with a rating of Equal Weight and set a new price target of $90.00
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| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 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 |
| 12/17/2024 | $130.00 | Overweight | Morgan Stanley |
New capabilities in the Elastic Distribution of OpenTelemetry streamline centralized configuration and management at scale Elastic (NYSE:ESTC), the Search AI company, today announced new capabilities in the Elastic Distribution of OpenTelemetry (EDOT) SDK that simplify how SDKs are centrally managed, updated and deployed at scale. Elastic also introduced new features to provide OpenTelemetry support for the PHP language. Managing thousands of OpenTelemetry (OTel) SDKs across distributed systems can quickly become a bottleneck for developers and observability teams. With OTel adoption accelerating, many teams face the operational complexity of keeping SDKs consistent and up to date acros
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
Developers on Azure AI Foundry can now quickly identify bottlenecks, optimize configurations and improve reliability of agentic AI applications Elastic (NYSE:ESTC), the Search AI Company, today announced a new integration with Azure AI Foundry, delivering observability for agentic AI applications and large language models (LLMs). The integration provides site reliability engineers (SREs) and developers with real-time insights into LLMs, generative AI and agentic AI workloads, enabling them to build, monitor, and optimize intelligent agents on Azure AI Foundry with greater reliability and efficiency while also including guardrails. As organizations adopt agentic AI for mission-critical a
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
DA Davidson resumed coverage of Elastic with a rating of Neutral and set a new price target of $105.00
4 - Elastic N.V. (0001707753) (Issuer)
4 - Elastic N.V. (0001707753) (Issuer)
4 - Elastic N.V. (0001707753) (Issuer)
SCHEDULE 13G/A - Elastic N.V. (0001707753) (Subject)
8-K - Elastic N.V. (0001707753) (Filer)
144 - Elastic N.V. (0001707753) (Subject)
4 - Elastic N.V. (0001707753) (Issuer)
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
Q1 Revenue of $415 million, up 20% year-over-year (18% in constant currency) Elastic (NYSE:ESTC) ("Elastic"), the Search AI Company, announced financial results for its first quarter of fiscal 2026 ended July 31, 2025. First Quarter Fiscal 2026 Financial Highlights Total revenue was $415 million, an increase of 20% year-over-year, or 18% on a constant currency basis Total subscription revenue was $389 million, an increase of 20% year-over-year, or 19% on a constant currency basis Sales-led subscription revenue (calculated as subscription revenue excluding monthly Elastic Cloud) was $339 million, an increase of 22% year-over-year, or 20% on a constant currency basis Elastic C
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
SC 13G/A - Elastic N.V. (0001707753) (Subject)
SC 13G/A - Elastic N.V. (0001707753) (Subject)
SC 13G/A - Elastic N.V. (0001707753) (Subject)