Citi analyst Tyler Radke maintains $Elastic (ESTC.US)$ with a buy rating, and adjusts the target price from $136 to $150.
According to TipRanks data, the analyst has a success rate of 54.1% and a total average return of 8.3% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Elastic (ESTC.US)$'s main analysts recently are as follows:
Elastic's commendable second quarter results which bettered consensus expectations, indicate a positive trajectory for investors. This improvement is attributed to the company having successfully navigated past its go-to-market adjustments earlier in the year. The favorable outlook for the latter part of the year is expected to provide a robust setup for the company.
Following a 'strong' Q2 performance, the company demonstrated a significant recovery from go-to-market challenges encountered in Q1. The period in question showed not only accelerated bookings and billings growth but also a robust contribution from generative artificial intelligence technologies. It's believed that generative AI is catalyzing innovation in the company's core search business, with indications that there remain conservative expectations in the face of resolved execution issues.
Elastic's recent quarterly outcomes suggest that the shift in its sales organization may have been less disruptive than initially feared, although it remains a potential risk. The company's forecast for a total revenue growth of 10%-13% by the end of FY25, despite being cautious, appears somewhat modest given its involvement in the rapidly evolving markets of gen-AI, security, and observability.
Note:
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Success rate is the number of the analyst's successful ratings, divided by his/her total number of ratings over the past year. A successful rating is one based on if TipRanks' virtual portfolio earned a positive return from the stock. Total average return is the average rate of return that the TipRanks' virtual portfolio has earned over the past year. These portfolios are established based on the analyst's preliminary rating and are adjusted according to the changes in the rating.
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花旗分析師Tyler Radke維持$Elastic (ESTC.US)$買入評級，並將目標價從136美元上調至150美元。
根據TipRanks數據顯示，該分析師近一年總勝率為54.1%，總平均回報率為8.3%。
此外，綜合報道，$Elastic (ESTC.US)$近期主要分析師觀點如下：
Elastic值得稱讚的第二季度業績超出共識預期，爲投資者預示着積極的發展軌跡。這一進步歸因於公司成功地度過了年初的市場調整。預計年底後半段將迎來良好的展望，爲公司提供強勁的基礎。
在第二季度強勁表現之後，公司顯示出從第一季度遇到的市場挑戰中顯著恢復。有關時期不僅顯示出加速的訂單和賬單增長，還表現出人工智能技術的積極貢獻。據信，生成式人工智能正在催化公司核心搜索業務的創新，跡象顯示在解決執行問題後，仍存在保守的預期。
Elastic最近的季度業績顯示，其銷售組織的轉變可能比最初擔心的影響要小，儘管仍存在潛在風險。公司預計到FY25年底總營收增長率爲10%-13%，儘管謹慎，但鑑於其參與快速發展的gen-AI、安防和可觀察性市場，這一預期看起來有些保守。
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