Morgan Stanley Starts Elastic NV. (ESTC) at Overweight, 'The AI Search Renaissance Is Coming'

Morgan Stanley analyst Sanjit Singh initiates coverage on Elastic NV. (NYSE: ESTC) with a Overweight rating and a price target of $130.00.

The analyst comments "Elastic's core search end market is poised to accelerate as customers modernize search experiences and are early in bringing GenAI to their apps. Elastic is well positioned driving our confidence in sustained growth with further GenAI optionality in our bull case. Initiate at OW w/ $130 PT."

For an analyst ratings summary and ratings history on Elastic NV. click here. For more ratings news on Elastic NV. click here.

Shares of Elastic NV. closed at $104.05 yesterday.

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