Articles Details

Market Brief · Follow

Market Watch column provides a thorough analysis of stock market fluctuations and expert ratings.

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

Market BriefFriday, May 2, 2025 7:56 pm ET

1min read

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.

Ask Aime: Elastic's Stock Price Drops Despite Volume Surge; Why?

Comments

Add a public comment...

Post

sobfreak

05/03

Holding $ESTC long-term. Machine learning is the future, and Elastic's got potential.

Ok-Swimmer-2634

05/03

411th in volume? $ESTC's got momentum, watch closely.

OutsidePerspective27

05/02

Elastic's AI play is 🔥, holding for long-term gains.

mrkitanakahn

05/02

Elastic's volume spike despite price drop? Market's sending mixed signals. 🤔

careyectr

05/02

Elastic's volume spike at 411th rank, yet price drop? 🤔 Classic bullish trap or legit dip? Time to dig deeper.

Janq55

05/02

Stifel's bullish on $ESTC. Strong earnings + AI growth potential = solid play? 📈

ashish1512

05/02

Stifel's bullish on $ESTC, time to load up?

ShortHedgeFundATM

05/03

@ashish1512 How long you planning to hold $ESTC?

Motor_Ad2255

05/02

Holy!I successfully capitalized on the ESTC stock's bearish trend, generating $239!

sobfreak

05/03

Holding $ESTC long-term. Machine learning is the future, and Elastic's got potential.

Ok-Swimmer-2634

05/03

411th in volume? $ESTC's got momentum, watch closely.

OutsidePerspective27

05/02

Elastic's AI play is 🔥, holding for long-term gains.

mrkitanakahn

05/02

Elastic's volume spike despite price drop? Market's sending mixed signals. 🤔

careyectr

05/02

Elastic's volume spike at 411th rank, yet price drop? 🤔 Classic bullish trap or legit dip? Time to dig deeper.

Janq55

05/02

Stifel's bullish on $ESTC. Strong earnings + AI growth potential = solid play? 📈

ashish1512

05/02

Stifel's bullish on $ESTC, time to load up?

ShortHedgeFundATM

05/03

@ashish1512 How long you planning to hold $ESTC?

Motor_Ad2255

05/02

Holy!I successfully capitalized on the ESTC stock's bearish trend, generating $239!

No More Comment

Disclaimer: the above is a summary showing certain market information. AInvest is not responsible for any data errors, omissions or other information that may be displayed incorrectly as the data is derived from a third party source. Communications displaying market prices, data and other information available in this post are meant for informational purposes only and are not intended as an offer or solicitation for the purchase or sale of any security. Please do your own research when investing. All investments involve risk and the past performance of a security, or financial product does not guarantee future results or returns. Keep in mind that while diversification may help spread risk, it does not assure a profit, or protect against loss in a down market.

You Can Understand News Better with AI.

Whats the News impact on stock market?

Its impact is

AInvest

Aime Coplilot

Invest Smarter With AI Power.

Open App