Oppenheimer Lowers Elastic (NYSE:ESTC) Price Target to $85.00

Elastic (NYSE:ESTC) had its price target decreased by stock analysts at Oppenheimer from $100.00 to $85.00 in a report released on Friday,Benzinga reports. The firm presently has an “outperform” rating on the stock. Oppenheimer’s target price indicates a potential upside of 63.34% from the company’s current price.

ESTC has been the subject of several other reports. Weiss Ratings restated a “sell (d)” rating on shares of Elastic in a report on Wednesday, January 21st. Royal Bank Of Canada decreased their target price on shares of Elastic from $115.00 to $95.00 and set an “outperform” rating for the company in a research note on Monday, January 5th. Scotiabank lowered their price target on shares of Elastic from $90.00 to $76.00 and set a “sector perform” rating on the stock in a report on Friday, November 21st. JPMorgan Chase & Co. cut their price objective on Elastic from $113.00 to $98.00 and set an “overweight” rating for the company in a report on Friday, February 20th. Finally, Rosenblatt Securities reduced their price objective on Elastic from $130.00 to $110.00 and set a “buy” rating for the company in a research report on Friday, January 30th. Seventeen investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Elastic has a consensus rating of “Moderate Buy” and a consensus target price of $96.17.

Elastic Price Performance

ESTC opened at $52.04 on Friday. The firm has a market capitalization of $5.48 billion, a P/E ratio of -65.05, a PEG ratio of 211.81 and a beta of 0.93. The stock has a fifty day moving average of $68.42 and a 200-day moving average of $77.85. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. Elastic has a 12-month low of $49.90 and a 12-month high of $117.49.

Elastic (NYSE:ESTC) last issued its quarterly earnings results on Thursday, February 26th. The company reported $0.73 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative return on equity of 2.25% and a negative net margin of 5.04%.The business had revenue of $449.88 million for the quarter, compared to the consensus estimate of $438.37 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. Elastic’s revenue for the quarter was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities analysts forecast that Elastic will post -0.77 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CAO Jane E. Bone sold 1,187 shares of the company’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $80.31, for a total transaction of $95,327.97. Following the completion of the sale, the chief accounting officer owned 43,171 shares in the company, valued at approximately $3,467,063.01. This represents a 2.68% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Ashutosh Kulkarni sold 5,000 shares of the stock in a transaction dated Monday, December 15th. The shares were sold at an average price of $74.60, for a total value of $373,000.00. Following the transaction, the chief executive officer directly owned 426,901 shares in the company, valued at approximately $31,846,814.60. This represents a 1.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 61,828 shares of company stock worth $4,641,010 in the last 90 days. 12.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Elastic

A number of large investors have recently added to or reduced their stakes in ESTC. Sound Income Strategies LLC acquired a new position in Elastic during the fourth quarter valued at approximately $25,000. Geneos Wealth Management Inc. bought a new stake in shares of Elastic during the 2nd quarter worth $31,000. Huntington National Bank boosted its holdings in shares of Elastic by 97.5% during the 2nd quarter. Huntington National Bank now owns 468 shares of the company’s stock worth $39,000 after buying an additional 231 shares during the period. Plato Investment Management Ltd acquired a new position in Elastic in the 2nd quarter valued at $40,000. Finally, Activest Wealth Management raised its holdings in Elastic by 3,181.3% in the 4th quarter. Activest Wealth Management now owns 525 shares of the company’s stock worth $40,000 after acquiring an additional 509 shares during the period. Institutional investors own 97.03% of the company’s stock.

Elastic News Roundup

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Company beat revenue expectations and reported 18% year‑over‑year revenue growth; management emphasized AI expansion and subscription growth, which supports longer‑term demand assumptions. Elastic Reports Third Quarter Fiscal 2026 Financial Results
• Positive Sentiment: Management raised forward guidance sharply: FY26 and Q4 EPS guidance well above Street consensus and revenue guidance roughly in line — a sign the company expects stronger profitability going forward (this is a bullish catalyst if execution continues). Elastic Reports Third Quarter Fiscal 2026 Financial Results
• Neutral Sentiment: Detailed materials and call transcripts were published (earnings deck and conference call transcripts) — useful for investors who want to dig into non‑GAAP vs GAAP items, margin drivers, and AI product commentary. Q3 2026 Earnings Call Transcript
• Negative Sentiment: Market reaction focused on an apparent earnings/methodology gap: some reports showed adjusted profits above estimates while GAAP/other EPS metrics missed — this disconnect likely triggered selling despite the revenue beat. Elastic Q3 Results and Transcript (MarketBeat)
• Negative Sentiment: Multiple sell‑side firms cut price targets this morning (Canaccord, Wells Fargo, Truist, Piper Sandler, Oppenheimer, Barclays), reducing near‑term analyst support and dragging sentiment lower. The coordinated downgrades are a primary driver of the intraday selloff. Analyst price target updates (Benzinga)
• Negative Sentiment: News coverage highlights that shares fell sharply despite beating revenue estimates — suggesting investors are focused on margins, EPS presentation, and the quick profit‑taking after recent gains. Elastic shares tumble despite beating third quarter estimates

Elastic Company Profile

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.