Elastic (ESTC): Rosenblatt Maintains Buy Rating with $130 Price Target

Elastic (ESTC) has a "Buy" rating from Rosenblatt analyst Blair Abernethy with a price target of $130. Analysts have maintained a "Buy" rating and lowered the price target from $148 to $95, indicating positive sentiment towards Elastic. The average one-year price target is $110.64 with an upside of 26.03% from the current price. The estimated GF Value for Elastic in one year is $114.22, suggesting a 30.11% upside from the current price.

Elastic N.V. (ESTC), a leading data-analytics company, recently saw its stock price surge following a positive earnings report and analyst sentiment. The company's fiscal first-quarter earnings, reported for the period ended July 31, 2025, showed revenues of US$415.29 million, an increase of 19.5% year-over-year, and a reduced net loss of US$24.6 million [1]. Elastic's management provided guidance for continued double-digit revenue growth in both the next quarter and full fiscal year, underscoring their confidence in the company's business momentum [1].

Analysts have maintained a positive outlook on Elastic's stock. Rosenblatt analyst Blair Abernethy recently reaffirmed a "Buy" rating for Elastic with a price target of $130, indicating optimism about the company's growth prospects. This rating comes after Elastic surpassed earnings and revenue forecasts, signaling strong financial health [2]. UBS also maintained a "Buy" rating and raised its price target from $95 to $125, reflecting the company's impressive performance [2].

The average one-year price target for Elastic is $110.64, with an estimated GF Value of $114.22, suggesting a potential 30.11% upside from the current price. This positive sentiment is driven by the company's ability to capitalize on generative AI and advanced search applications, despite an increasingly crowded enterprise software market [1].

However, investors should be aware of the risks associated with Elastic's execution on new field segmentation, as any sales disruption could dampen momentum. The company's recent launch of Elastic Observability Logs Essentials, a cost-effective and scalable log analytics product, could help boost cloud-based recurring revenue and gain share in the observability market [1].

In conclusion, Elastic's strong earnings performance and positive analyst sentiment have driven its stock price higher. While there are risks to consider, the company's growth prospects and innovative products make it an attractive investment opportunity for those looking to capitalize on the data analytics market.

References:
[1] https://finance.yahoo.com/news/elastic-estc-13-1-strong-101009585.html
[2] https://site.financialmodelingprep.com/market-news/elastic-nv-estc-stock-surge-analyst-sentiment