Elastic N.V. (ESTC) Signs Five-Year Strategic Collaboration Agreement with AWS to Accelerate AI Innovation at Scale

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Go back to Elastic N.V. (ESTC) Signs Five-Year Strategic Collaboration Agreement with AWS to Accelerate AI Innovation at Scale

Elastic NV. (ESTC) PT Lowered to $112 at Stifel

May 30, 2025 4:39 AM EDT

Stifel analyst Brad Reback lowered the price target on Elastic NV. (NYSE: ESTC) to $112.00 (from $140.00) while maintaining a Buy rating.

The analyst comments "Elastic delivered more moderate upside (2%) vs. the past couple quarters (>3%), as SaaS revenue came marginally below expectations, and as... More