Reported 1 day ago
Cantor Fitzgerald analyst Thomas Blakey has reiterated a 'Neutral' rating on Elastic N.V. (NYSE:ESTC), assigning a price target of $109 amid concerns that the company's fiscal year 2026 revenue guidance may fall short of expectations. Despite a strong 12-month revenue growth of 17.95% and a total revenue of $1.43 billion, analysts predict a decline in cloud revenue growth and new business generation. Investors are advised to remain cautious as the company plans to invest significantly in AI.
Source: YAHOO