$ESTC

4 stories mentioning ESTCUpdated 19d ago

Every FINWIRES story that references ESTC, newest first.

Elastic Fiscal Q4 Beats Set Up Momentum Into Fiscal 2027, RBC Says

Elastic (ESTC) delivered solid fiscal Q4 results with broad-based beats, setting up improving momentum and potential revenue acceleration into fiscal 2027, RBC Capital Markets said in a note Friday.The analysts said the company ended the fiscal year strong, with revenue, billings, margins, and cash flow all ahead of expectations, though Elastic Cloud was slightly softer. Current remaining performance obligations, or cRPO, rose 20% year-over-year to $1.2 billion, while RPO grew to $1.98 billion, marking its strongest growth in four years.The analysts added that Q4 cRPO shows strong backlog growth, supporting management's confidence in fiscal 2027, with revenue expected to reaccelerate quarter-over-quarter, starting slow in Q1 and peaking in Q4."Overall, we feel that cRPO momentum, continued sales execution, and larger multi-year commitments create a good setup for revenue acceleration through [fiscal 2027]," the analysts said.RBC is maintaining its outperform rating and $70 price target on Elastic.Price: $61.42, Change: $+3.81, Percent Change: +6.61%

$ESTC

Research56d ago

Rothschild & Co Redburn Initiates Coverage on Elastic NV With Neutral Rating, $49.36 Price Target

Elastic NV (ESTC) has an average rating of overweight and mean price target of $79.43, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)

$ESTC

Wire57d ago

BofA Securities Adjusts Price Target on Elastic to $60 From $77, Maintains Buy Rating

Elastic (ESTC) has an average rating of overweight and mean price target of $80.74, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $48.99, Change: $+0.59, Percent Change: +1.23%

$ESTC

Wire63d ago

Elastic Well Positioned for Enterprise AI Adoption, RBC Says

Elastic (ESTC) is well-positioned to benefit from enterprise artificial intelligence adoption, particularly as AI applications move into large-scale production, RBC Capital Markets said in a Thursday note.The brokerage said the company's mid-term targets of over 20% total revenue growth, over 20% non-GAAP operating margins, and free cash flow margin remain on track.RBC said Elastic differentiates itself from competitors through its self-managed and flexible deployment offerings, positioning it close to both structured and unstructured data.Management highlighted current remaining performance obligations as a key directional indicator, noting growth accelerated to 15% constant currency in the latest quarter, which could support future revenue growth, according to the note."We do not believe the war in Iran will have a material impact on results," RBC said, noting that while the company has some exposure to the Middle East, these markets are relatively immaterial.RBC maintained an outperform rating on the stock, but lowered its price target to $70 from $80.Price: $47.81, Change: $+0.30, Percent Change: +0.63%

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