Guggenheim Reaffirms Their Buy Rating on Elastic (ESTC)
In a report released yesterday, Howard Ma from Guggenheim maintained a Buy rating on Elastic, with a price target of $116.00. The company’s shares closed yesterday at $61.58.
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According to TipRanks, Ma is a 3-star analyst with an average return of 2.7% and a 45.00% success rate. Ma covers the Technology sector, focusing on stocks such as CommVault Systems, Pure Storage, and Elastic.
Currently, the analyst consensus on Elastic is a Moderate Buy with an average price target of $90.13, implying a 46.36% upside from current levels. In a report released today, TipRanks – Google also upgraded the stock to a Buy with a $64.00 price target.
Based on Elastic’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $449.88 million and a net profit of $7.75 million. In comparison, last year the company earned a revenue of $382.08 million and had a GAAP net loss of $17.06 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.
Read More on ESTC:
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- Elastic: Solid AI-Driven Growth Offset by Slowing Revenue Momentum, Justifying a Hold Rating
- Elastic price target raised to $99 from $98 at JPMorgan
- Elastic price target lowered to $85 from $110 at Piper Sandler
- Elastic price target lowered to $90 from $115 at Canaccord
- Elastic price target lowered to $76 from $78 at Barclays
