Elastic Surges to 411th in Trading Volume Despite Stock Price Drop

On May 2, 2025, Elastic (ESTC) saw a trading volume of $231 million, marking a 55.19% increase from the previous day. This surge placed Elastic at the 411th position in terms of trading volume for the day. However, the stock price of Elastic (ESTC) fell by 3.92%.

Elastic has received a consensus rating of Moderate Buy, with an average rating score of 2.77. This rating is based on 18 buy ratings and 7 hold ratings, indicating a generally positive outlook from analysts.

Stifel has raised its price target for Elastic N.V. (ESTC) to $140, citing strong earnings and the potential for growth in artificial intelligence. This move reflects the market's confidence in Elastic's future performance and its ability to capitalize on emerging technologies.