Scotiabank Keeps Their Hold Rating on Elastic (ESTC)

Scotiabank analyst Patrick Colville maintained a Hold rating on Elastic today and set a price target of $61.00.

Claim 50% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

Colville covers the Technology sector, focusing on stocks such as Akamai, Fortinet, and Check Point. According to TipRanks, Colville has an average return of -1.2% and a 43.33% success rate on recommended stocks.

In addition to Scotiabank, Elastic also received a Hold from TipRanks – xAI’s xAi Software – Application in a report issued today. However, on the same day, TipRanks – PerPlexity upgraded Elastic (NYSE: ESTC) to a Buy.

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.