Elastic (ESTC) – Investment Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Elastic (NYSE: ESTC) recently:

• 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.
• 4/16/2026 – Elastic had its price target lowered by Royal Bank Of Canada from $80.00 to $70.00. They now have an “outperform” rating on the stock.

Insider Activity

In other Elastic news, CRO Mark Eugene Dodds sold 3,723 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total value of $194,638.44. Following the completion of the transaction, the executive owned 152,563 shares of the company’s stock, valued at $7,975,993.64. This trade represents a 2.38% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, insider Ken Exner sold 4,310 shares of the firm’s stock in a transaction that occurred on Monday, March 9th. The shares were sold at an average price of $52.28, for a total transaction of $225,326.80. Following the completion of the transaction, the insider directly owned 222,728 shares of the company’s stock, valued at $11,644,219.84. This represents a 1.90% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 38,188 shares of company stock worth $1,996,469 in the last three months. 12.70% of the stock is currently owned by corporate insiders.

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.