Wedbush analyst Daniel Ives initiates coverage on $Elastic (ESTC.US)$ with a buy rating, and sets the target price at $135.
According to TipRanks data, the analyst has a success rate of 54.5% and a total average return of 5.1% over the past year.
Furthermore, according to the comprehensive report, the opinions of $Elastic (ESTC.US)$'s main analysts recently are as follows:
The company's Q2 results exceeded expectations in multiple areas which is likely to positively influence investor sentiment. Elastic seems to be making significant progress following its go-to-market adjustments earlier in the year. The outlook for the latter half of the year appears promising, based on the recent performance trends observed.
Following a 'strong' Q2 performance, the company demonstrated a significant recovery from earlier go-to-market missteps observed in Q1. The recent quarter witnessed accelerated bookings and billings growth, along with an increasing contribution from generative artificial intelligence. Analysts believe that generative AI is catalyzing a revival in the company's primary search business and anticipate the stock's positive trajectory will persist with resolved execution issues and still-conservative guidance.
The company's recent quarterly results suggest that the transition within the sales organization may not have been as disruptive as initially anticipated, although it remains a potential risk. The updated guidance for FY25, projecting total revenue growth of 10%-13% year-over-year by the end of FY25, suggests a conservative approach, yet this forecast could be seen as somewhat unimpressive given the dynamic sectors of gen-AI, security, and observability that the company engages in.
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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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韋德布什分析師Daniel Ives首次給予$Elastic (ESTC.US)$買入評級，目標價135美元。
根據TipRanks數據顯示，該分析師近一年總勝率為54.5%，總平均回報率為5.1%。
此外，綜合報道，$Elastic (ESTC.US)$近期主要分析師觀點如下：
該公司第二季度的業績在多個領域都超出了預期，這可能會對投資者的情緒產生積極影響。繼今年早些時候的上市調整之後，Elastic似乎取得了重大進展。根據最近觀察到的業績趨勢，下半年的前景似乎令人鼓舞。
繼第二季度業績 「強勁」 之後，該公司從第一季度出現的先前上市失誤中顯著復甦。最近一個季度，預訂量和賬單增長加速，生成式人工智能的貢獻也越來越大。分析師認爲，生成式人工智能正在推動該公司主要搜索業務的復甦，並預計，在執行問題得到解決和指導仍然保守的情況下，該股的積極走勢將持續下去。
該公司最近的季度業績表明，儘管仍然存在潛在風險，但銷售組織內部的過渡可能沒有最初預期的那麼具有破壞性。最新的25財年指引預計到25財年末，總收入將同比增長10％-13％，這表明了保守的態度，但鑑於該公司從事的Gen-AI、安全和可觀測性等充滿活力的領域，這一預測可能被認爲並不令人印象深刻。
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