Elastic (ESTC) – Analysts’ Recent Ratings Updates

A number of research firms have changed their ratings and price targets for Elastic (NYSE: ESTC):

• 6/13/2026 – Elastic was downgraded by Wall Street Zen from “buy” to “hold”.
• 6/9/2026 – Elastic was upgraded by Weiss Ratings from “sell (e+)” to “sell (d+)”.
• 5/29/2026 – Elastic had its price target lowered by Scotiabank from $61.00 to $58.00. They now have a “sector perform” rating on the stock.
• 5/29/2026 – Elastic had its “buy” rating reaffirmed by UBS Group AG. They now have a $85.00 price target on the stock.
• 5/29/2026 – Elastic had its price target lowered by DA Davidson from $65.00 to $60.00. They now have a “neutral” rating on the stock.
• 5/29/2026 – Elastic was given a new $65.00 price target by Stifel Nicolaus.
• 5/29/2026 – Elastic was given a new $55.00 price target by Wolfe Research.
• 5/29/2026 – Elastic had its price target lowered by Barclays PLC from $76.00 to $68.00. They now have an “overweight” rating on the stock.
• 5/29/2026 – Elastic had its price target lowered by Jefferies Financial Group Inc. from $95.00 to $75.00. They now have a “buy” rating on the stock.
• 5/29/2026 – Elastic had its price target lowered by Canaccord Genuity Group Inc. from $90.00 to $80.00. They now have a “buy” rating on the stock.
• 5/29/2026 – Elastic had its price target raised by Citigroup Inc. from $95.00 to $104.00. They now have a “buy” rating on the stock.
• 5/29/2026 – Elastic had its price target lowered by Wedbush from $74.00 to $65.00. They now have an “outperform” rating on the stock.
• 5/29/2026 – Elastic had its price target lowered by Oppenheimer Holdings, Inc. from $85.00 to $75.00. They now have an “outperform” rating on the stock.
• 5/28/2026 – Elastic was downgraded by Zacks Research from “hold” to “strong sell”.
• 5/27/2026 – Elastic had its price target lowered by JPMorgan Chase & Co. from $99.00 to $80.00. They now have an “overweight” rating on the stock.
• 5/26/2026 – Elastic had its price target lowered by TD Cowen from $65.00 to $60.00. They now have a “hold” rating on the stock.
• 5/26/2026 – Elastic had its “buy” rating reaffirmed by Rosenblatt Securities. They now have a $110.00 price target on the stock.
• 5/26/2026 – Elastic had its price target lowered by Cantor Fitzgerald from $66.00 to $59.00. They now have a “neutral” rating on the stock.
• 5/22/2026 – Elastic is now covered by William Blair. They set an “outperform” rating on the stock.
• 5/19/2026 – Elastic had its price target lowered by Guggenheim from $116.00 to $106.00. They now have a “buy” rating on the stock.
• 4/23/2026 – Elastic is now covered by Rothschild & Co Redburn. They set a “neutral” rating and a $49.00 price target on the stock.
• 4/23/2026 – Elastic is now covered by Rothschild & Co Redburn. They set a “hold” rating and a $49.00 price target on the stock.
• 4/21/2026 – Elastic is now covered by The Goldman Sachs Group, Inc.. They set a “neutral” rating and a $50.00 price target on the stock.
• 4/21/2026 – Elastic is now covered by The Goldman Sachs Group, Inc.. They set a “neutral” rating and a $50.00 price target on the stock.

Insider Buying and Selling at Elastic

In other news, CTO Shay Banon sold 9,288 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $562,945.68. Following the completion of the sale, the chief technology officer owned 4,417,140 shares of the company’s stock, valued at approximately $267,722,855.40. This trade represents a 0.21% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Jane E. Bone sold 1,104 shares of the firm’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $66,913.44. Following the sale, the chief accounting officer directly owned 53,415 shares of the company’s stock, valued at $3,237,483.15. The trade was a 2.02% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last three months, insiders have sold 110,099 shares of company stock valued at $6,673,100. Corporate insiders own 12.70% of the company’s stock.

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.