On Nov 22, major Wall Street analysts update their ratings for $Elastic (ESTC.US)$, with price targets ranging from $110 to $135.
BofA Securities analyst Koji Ikeda maintains with a hold rating, and adjusts the target price from $94 to $120.
Wells Fargo analyst Andrew Nowinski maintains with a buy rating, and adjusts the target price from $145 to $135.
Jefferies analyst Brent Thill maintains with a buy rating, and adjusts the target price from $110 to $135.
TD Cowen analyst Andrew Sherman maintains with a hold rating, and maintains the target price at $110.
Baird analyst Shrenik Kothari upgrades to a buy rating, and adjusts the target price from $95 to $135.
Furthermore, according to the comprehensive report, the opinions of $Elastic (ESTC.US)$'s main analysts recently are as follows:
Elastic's recent quarterly results were better than anticipated, hinting that the shifts within its sales organization may have caused less disruption than initially feared. Nevertheless, there remains a cautionary note regarding its stability as a potential risk. The company's forecast for FY25 suggests a revenue growth of 10%-13% year-over-year by the end of FY25, which, while prudent, might not fully resonate excitement given the dynamic fields of gen-AI, security, and observability where Elastic operates.
Elastic's Q2 results were slightly better than expected, and the changes in management were seen as a positive development after some recent challenges in execution.
Elastic demonstrated a rebound quarter with over 3% top-line upside, attributed to a recovery in the go-to-market efforts leading to robust sales execution involving multi-year commitments, along with healthy consumption trends especially among its largest customers. The improvement in sales execution, strong consumption patterns, the significant opportunity presented by General AI, and continued operational efficiencies are believed to position Elastic for relative outperformance in the upcoming quarters.
Elastic's fiscal Q2 performance surpassed all key metrics, leading to optimistic Q3 forecasts and an uplift in full-year expectations by the sum of Q2 and Q3 improvements. This quarter's exceptional results were attributed to widespread improvements in consumption patterns and the successful closure of most transactions that had been delayed from Q1, indicating positive prospects for future consumption.
The company's recovery from a Q1 setback was notable with a significant beat-and-raise in fiscal Q2, accompanied by a record operating margin. Strength in enterprise consumption trends, acceleration of the search business driven by GenAI demand, and an improving pipeline build were highlighted. However, it was noted that peers might be experiencing a quicker backlog acceleration.
Here are the latest investment ratings and price targets for $Elastic (ESTC.US)$ from 11 analysts:
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美東時間11月22日，多家華爾街大行更新了$Elastic (ESTC.US)$的評級，目標價介於110美元至135美元。
美銀證券分析師Koji Ikeda維持持有評級，並將目標價從94美元上調至120美元。
富國集團分析師Andrew Nowinski維持買入評級，並將目標價從145美元下調至135美元。
富瑞集團分析師Brent Thill維持買入評級，並將目標價從110美元上調至135美元。
TD Cowen分析師Andrew Sherman維持持有評級，維持目標價110美元。
貝雅分析師Shrenik Kothari上調至買入評級，並將目標價從95美元上調至135美元。
此外，綜合報道，$Elastic (ESTC.US)$近期主要分析師觀點如下：
Elastic最近的季度業績超出了預期，這暗示其銷售組織內部的變動可能導致的干擾少於最初的擔憂。然而，關於其作爲潛在風險的穩定性仍然存在警示。公司對FY25的預測顯示，到FY25年底營業收入將同比增長10%-13%，雖然這個預測是謹慎的，但考慮到Elastic所在的生成型人工智能、安防-半導體和可觀察性等動態領域，可能無法引起充分的興奮。
Elastic的第二季度業績略好於預期，管理層的變動被視爲在經歷了一些執行挑戰後的一項積極發展。
Elastic展示了一個復甦季度，營業收入超過3%，這歸因於市場推廣工作的恢復，導致強勁的銷售執行，涉及多年的承諾，以及在其最大客戶中尤其健康的消費趨勢。銷售執行的改善、強勁的消費模式、生成型人工智能帶來的重要機會和持續的運營效率被認爲使Elastic在即將到來的季度中實現相對超出預期的表現。
Elastic的財年第二季度表現超越了所有關鍵指標，導致樂觀的第三季度預測，並通過第二季度和第三季度的改善提升了全年預期。本季度的卓越成果歸因於消費模式的廣泛改善以及大多數延遲交易的成功收尾，表明未來消費的積極前景。
公司從第一季度的挫折中復甦的情況顯著，在財年第二季度實現了重大超越和提升，伴隨着創紀錄的營業利潤率。企業消費趨勢的強勁，受到生成型人工智能需求驅動的搜索業務加速，以及改善的銷售管道建設都得到了強調。然而，有人指出同行可能經歷了更快的積壓加速。
以下爲今日11位分析師對$Elastic (ESTC.US)$的最新投資評級及目標價：
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