Baird upgraded Elastic (ESTC) to Outperform from Neutral with a price target of $135, up from $95. The firm says Elastic’s “significant unexpected turnaround” in execution, evident in the Q2 results, highlighted by strong commitments, healthy consumption, improved win-rates and generative artificial intelligence inflection are validating of its medium and long-term thesis. Management addressed the Q1 shortfalls “quickly and effectively, stabilizing territories and driving disciplined pipeline-management,” the analyst tells investors in a research note.
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Read More on ESTC:
- Elastic N.V. Reports Strong Q2 Growth and Revenue
- Closing Bell Movers: Gap jumps 15% after Q3 earnings beat, guidance raise
- Elastic Reports Strong Q2 2025 and Leadership Change
- Elastic reports Q2 adjusted EPS 59c, consensus 38c
- Elastic sees Q3 adjusted EPS 46c-48c, consensus 41c
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
