Elastic (ESTC) – Analysts’ Weekly Ratings Updates

Several brokerages have updated their recommendations and price targets on shares of Elastic (NYSE: ESTC) in the last few weeks:

• 6/26/2026 – Elastic had its “overweight” rating reaffirmed by Piper Sandler.
• 6/26/2026 – Elastic was upgraded by Zacks Research from “strong sell” to “hold”.
• 6/26/2026 – Elastic had its price target lowered by Rosenblatt Securities from $90.00 to $83.00. They now have a “buy” rating on the stock.
• 6/25/2026 – Elastic had its “neutral” rating reaffirmed by Cantor Fitzgerald. They now have a $59.00 price target on the stock.
• 6/13/2026 – Elastic was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/9/2026 – Elastic was upgraded by Weiss Ratings from “sell (e+)” to “sell (d+)”.
• 5/29/2026 – Elastic had its price target lowered by Scotiabank from $61.00 to $58.00. They now have a “sector perform” rating on the stock.
• 5/29/2026 – Elastic had its “buy” rating reaffirmed by UBS Group AG. They now have a $85.00 price target on the stock.
• 5/29/2026 – Elastic had its price target lowered by DA Davidson from $65.00 to $60.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – Elastic was given a new $65.00 price target by Stifel Nicolaus.
• 5/29/2026 – Elastic was given a new $55.00 price target by Wolfe Research.
• 5/29/2026 – Elastic had its price target lowered by Barclays PLC from $76.00 to $68.00. They now have an “overweight” rating on the stock.
• 5/29/2026 – Elastic had its price target lowered by Jefferies Financial Group Inc. from $95.00 to $75.00. They now have a “buy” rating on the stock.
• 5/29/2026 – Elastic had its price target lowered by Canaccord Genuity Group Inc. from $90.00 to $80.00. They now have a “buy” rating on the stock.
• 5/29/2026 – Elastic had its price target raised by Citigroup Inc. from $95.00 to $104.00. They now have a “buy” rating on the stock.
• 5/29/2026 – Elastic had its price target lowered by Wedbush from $74.00 to $65.00. They now have an “outperform” rating on the stock.
• 5/29/2026 – Elastic had its price target lowered by Oppenheimer Holdings, Inc. from $85.00 to $75.00. They now have an “outperform” rating on the stock.
• 5/28/2026 – Elastic was downgraded by Zacks Research from “hold” to “strong sell”.
• 5/27/2026 – Elastic had its price target lowered by JPMorgan Chase & Co. from $99.00 to $80.00. They now have an “overweight” rating on the stock.
• 5/26/2026 – Elastic had its price target lowered by TD Cowen from $65.00 to $60.00. They now have a “hold” rating on the stock.
• 5/26/2026 – Elastic had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $110.00 price target on the stock.
• 5/26/2026 – Elastic had its price target lowered by Cantor Fitzgerald from $66.00 to $59.00. They now have a “neutral” rating on the stock.
• 5/22/2026 – Elastic is now covered by William Blair. They set an “outperform” rating on the stock.
• 5/19/2026 – Elastic had its price target lowered by Guggenheim from $116.00 to $106.00. They now have a “buy” rating on the stock.

Insiders Place Their Bets

In other news, insider Carolyn Herzog sold 9,485 shares of the firm’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $574,885.85. Following the completion of the sale, the insider owned 128,439 shares of the company’s stock, valued at $7,784,687.79. This trade represents a 6.88% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Mark Eugene Dodds sold 18,439 shares of the business’s stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $1,117,587.79. Following the transaction, the executive owned 298,211 shares in the company, valued at approximately $18,074,568.71. This trade represents a 5.82% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 110,099 shares of company stock valued at $6,673,100. 12.70% of the stock is currently owned by company insiders.

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.