Robert W. Baird Forecasts Strong Price Appreciation for Elastic (NYSE:ESTC) Stock

Elastic (NYSE:ESTC) had its target price lifted by investment analysts at Robert W. Baird from $95.00 to $120.00 in a note issued to investors on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the stock. Robert W. Baird’s price objective would indicate a potential upside of 43.07% from the stock’s current price.

Several other research firms have also commented on ESTC. Wall Street Zen lowered shares of Elastic from a “buy” rating to a “hold” rating in a report on Saturday, June 13th. Wells Fargo & Company increased their price objective on shares of Elastic from $60.00 to $80.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Bank of America reissued a “neutral” rating and issued a $108.00 target price (up from $90.00) on shares of Elastic in a report on Friday. Wolfe Research set a $55.00 target price on Elastic in a research note on Friday, May 29th. Finally, Stifel Nicolaus set a $90.00 target price on Elastic in a report on Tuesday, August 18th. Seventeen analysts have rated the stock with a Buy rating and thirteen have issued a Hold rating to the company. According to MarketBeat, Elastic presently has an average rating of “Moderate Buy” and a consensus target price of $87.70.

Elastic Trading Up 5.8%

Shares of NYSE ESTC opened at $83.88 on Friday. The company has a quick ratio of 1.68, a current ratio of 1.68 and a debt-to-equity ratio of 0.45. The stock’s 50 day moving average price is $67.44 and its two-hundred day moving average price is $58.76. Elastic has a 52-week low of $42.05 and a 52-week high of $96.07. The stock has a market capitalization of $8.72 billion, a P/E ratio of 23.96, a PEG ratio of 19.77 and a beta of 0.98.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, August 27th. The company reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.58 by $0.12. Elastic had a negative return on equity of 1.82% and a net margin of 21.14%.The business had revenue of $478.11 million during the quarter, compared to the consensus estimate of $469.75 million. During the same period in the previous year, the business earned $0.60 EPS. The business’s quarterly revenue was up 15.2% on a year-over-year basis. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. On average, analysts anticipate that Elastic will post 0.24 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CAO Jane E. Bone sold 1,104 shares of Elastic stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total value of $66,913.44. Following the sale, the chief accounting officer directly owned 53,415 shares in the company, valued at $3,237,483.15. This trade represents a 2.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carolyn Herzog sold 9,485 shares of the business’s stock in a transaction dated Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $574,885.85. Following the transaction, the insider directly owned 128,439 shares of the company’s stock, valued at $7,784,687.79. The trade was a 6.88% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 110,099 shares of company stock worth $6,673,100. 12.70% of the stock is owned by company insiders.

Institutional Trading of Elastic

Several large investors have recently added to or reduced their stakes in the business. Geneos Wealth Management Inc. bought a new position in shares of Elastic in the second quarter worth $31,000. Bessemer Group Inc. bought a new stake in shares of Elastic during the 1st quarter worth about $25,000. Activest Wealth Management lifted its stake in shares of Elastic by 3,181.2% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after acquiring an additional 509 shares during the period. Aster Capital Management DIFC Ltd boosted its holdings in shares of Elastic by 206.1% in the fourth quarter. Aster Capital Management DIFC Ltd now owns 551 shares of the company’s stock valued at $42,000 after acquiring an additional 371 shares in the last quarter. Finally, Basecamp Wealth Advisors LLC bought a new position in shares of Elastic in the first quarter valued at approximately $28,000. 97.03% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Earnings and revenue beat expectations: Elastic reported quarterly EPS of $0.70, above the $0.58 consensus, while revenue reached $478.1 million, up roughly 15% year over year and ahead of estimates near $470 million. Elastic Reports First Quarter Fiscal 2027 Financial Results
• Positive Sentiment: Raised outlook substantially: Fiscal 2027 EPS guidance of $3.29–$3.37 is well above the prior consensus of $2.64. Second-quarter EPS guidance of $0.80–$0.82 also exceeds the $0.66 estimate, while quarterly revenue guidance of $486–$487 million is above expectations. The upbeat outlook suggests improving operating leverage and continued demand for Elastic’s search, observability and AI software. Another Day, Another Software Stock Surging 20%
• Positive Sentiment: Cash generation remained solid: Operating cash flow increased to $132 million, and cash and equivalents rose to approximately $882 million, supporting financial flexibility as the company continues investing in growth. Elastic N.V. Stock Rises on Q1 2027 Earnings
• Positive Sentiment: Analyst support continues: Rosenblatt reaffirmed its Buy rating, and DA Davidson raised its price target to $80 from $60, reflecting improved expectations following the results. DA Davidson Raises Elastic Price Target
• Neutral Sentiment: While analyst sentiment is generally constructive, some published price targets remain below the stock’s recent trading level, suggesting valuation and expectations may become more demanding after the rally. Rosenblatt Reaffirms Buy Rating for Elastic
• Negative Sentiment: Third-party trading data indicates that Elastic insiders have recorded sales and no purchases during the past six months. This may temper enthusiasm, although the activity does not offset the immediate impact of the earnings beat and guidance increase. Elastic Insider Trading Activity

Elastic Company Profile

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.