Baird analyst Shrenik Kothari maintains $Elastic (ESTC.US)$ with a buy rating, and maintains the target price at $135.
According to TipRanks data, the analyst has a success rate of 81.0% and a total average return of 26.9% 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 performance, which surpassed the consensus in Q2, is likely to positively influence investors' sentiment as the company progresses beyond its initial go-to-market adjustments seen in Q1. This is expected to create an optimistic outlook for the latter half of the year.
Following a 'strong' second quarter, Elastic demonstrated a marked recovery from previous go-to-market challenges observed in the first quarter. The period featured accelerated bookings and billings growth along with a significant contribution from ramping generative artificial intelligence. Analysts note a 'renaissance' in the company's core search business driven by generative AI, and they foresee continued positive performance, assuming execution issues are maintained resolved and existing guidance remains conservative.
Elastic's recent quarterly results suggest that the changes in its sales organization may not have been as disruptive as initially anticipated, although it remains a potential risk. The company's updated forecast for FY25, indicating a total revenue growth of 10%-13% on a year-over-year basis by the end of FY25, incorporates elements of conservatism. This projection, however, appears somewhat unexciting given the dynamic end-markets such as gen-AI, security, and observability that Elastic operates in.
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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貝雅分析師Shrenik Kothari維持$Elastic (ESTC.US)$買入評級，維持目標價135美元。
根據TipRanks數據顯示，該分析師近一年總勝率為81.0%，總平均回報率為26.9%。
此外，綜合報道，$Elastic (ESTC.US)$近期主要分析師觀點如下：
Elastic在Q2表現出色，超過共識，隨着公司在Q1初期的市場調整後續推進，可能會積極影響投資者情緒。預計這將爲今年下半年創造樂觀前景。
在第二季度展示了「強勁」表現後，Elastic從前幾季度觀察到的市場挑戰中明顯恢復過來。該時期特色包括加速訂購和帳單增長，以及迅猛的人工智能etf貢獻。分析師指出，公司核心搜索業務因人工智能etf驅動出現「復興」，他們預見繼續保持積極表現，假設執行問題得到解決並且現有指導保守。
Elastic最近的季度業績結果表明，其銷售組織的變化可能沒有最初預期的那麼具有破壞性，儘管仍存在潛在風險。公司對FY25的更新預測顯示，到FY25年底，總營收將同比增長10%-13%，包含謹慎因素。然而，鑑於Elastic運營的動態終端市場如人工智能etf、安防-半導體和可觀察性，這一預測似乎有些乏味。
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