Barclays Keeps Their Buy Rating on Elastic (ESTC)

In a report released on February 23, Raimo Lenschow from Barclays maintained a Buy rating on Elastic, with a price target of $78.00. The company’s shares closed yesterday at $53.34.

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Lenschow covers the Technology sector, focusing on stocks such as Oracle, Workday, and Snowflake. According to TipRanks, Lenschow has an average return of -3.6% and a 43.21% success rate on recommended stocks.

Currently, the analyst consensus on Elastic is a Strong Buy with an average price target of $96.31, representing an 80.56% upside. In a report released on February 23, TipRanks – PerPlexity also upgraded the stock to a Buy with a $65.00 price target.

Based on Elastic’s latest earnings release for the quarter ending October 31, the company reported a quarterly revenue of $423.48 million and a GAAP net loss of $51.28 million. In comparison, last year the company earned a revenue of $365.36 million and had a GAAP net loss of $25.45 million

Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of ESTC in relation to earlier this year. Most recently, in December 2025, Mark Eugene Dodds, the CRO of ESTC sold 5,800.00 shares for a total of $432,680.00.