Elastic (ESTC) Gets a Buy from Jefferies
In a report released yesterday, Brent Thill from Jefferies maintained a Buy rating on Elastic, with a price target of $95.00.
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Thill covers the Technology sector, focusing on stocks such as Atlassian, International Business Machines, and Salesforce. According to TipRanks, Thill has an average return of 0.7% and a 47.40% success rate on recommended stocks.
In addition to Jefferies, Elastic also received a Buy from TipRanks – PerPlexity’s PerPlexity Software – Application in a report issued on February 25. However, on the same day, TipRanks – OpenAI reiterated a Hold rating on Elastic (NYSE: ESTC).
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.
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