Morgan Stanley Lowers Elastic (NYSE:ESTC) Price Target to $73.00

Elastic (NYSE:ESTC) had its target price decreased by stock analysts at Morgan Stanley from $80.00 to $73.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Morgan Stanley’s price objective would suggest a potential upside of 38.78% from the company’s previous close.

ESTC has been the topic of a number of other research reports. Bank of America dropped their price target on shares of Elastic from $111.00 to $90.00 and set a “neutral” rating on the stock in a research note on Friday, November 21st. Oppenheimer decreased their target price on shares of Elastic from $100.00 to $85.00 and set an “outperform” rating for the company in a report on Friday, February 27th. Truist Financial cut their price target on shares of Elastic from $105.00 to $80.00 and set a “buy” rating on the stock in a report on Friday, February 27th. DA Davidson reduced their price target on shares of Elastic from $100.00 to $80.00 and set a “neutral” rating for the company in a research report on Friday, November 21st. Finally, Stifel Nicolaus lowered their price objective on Elastic from $134.00 to $108.00 and set a “buy” rating on the stock in a research report on Friday, November 21st. Seventeen analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $95.25.

Elastic Stock Performance

Shares of ESTC opened at $52.60 on Monday. The company has a quick ratio of 1.97, a current ratio of 1.97 and a debt-to-equity ratio of 0.64. The stock has a market cap of $5.44 billion, a P/E ratio of -65.75, a P/E/G ratio of 110.15 and a beta of 0.98. The business’s 50 day moving average price is $67.42 and its 200-day moving average price is $77.52. Elastic has a 52 week low of $49.90 and a 52 week high of $109.92.

Elastic (NYSE:ESTC) last announced its quarterly earnings data on Thursday, February 26th. The company reported $0.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.09. Elastic had a negative return on equity of 2.25% and a negative net margin of 5.04%.The business had revenue of $449.88 million during the quarter, compared to analysts’ expectations of $438.37 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. The firm’s quarterly revenue was up 17.7% compared to the same quarter last year. Elastic has set its FY 2026 guidance at 2.500-2.540 EPS and its Q4 2026 guidance at 0.550-0.570 EPS. Equities research analysts anticipate that Elastic will post -0.77 earnings per share for the current fiscal year.

Insider Activity at Elastic

In related news, CTO Shay Banon sold 4,552 shares of the firm’s stock in a transaction that occurred on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total value of $341,627.60. Following the sale, the chief technology officer owned 4,359,228 shares in the company, valued at approximately $327,160,061.40. This trade represents a 0.10% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Carolyn Herzog sold 5,353 shares of the business’s stock in a transaction on Tuesday, December 9th. The shares were sold at an average price of $75.05, for a total transaction of $401,742.65. Following the sale, the insider owned 89,324 shares of the company’s stock, valued at approximately $6,703,766.20. This represents a 5.65% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 61,828 shares of company stock valued at $4,641,010 over the last quarter. 12.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in shares of Elastic by 7.4% during the 3rd quarter. Vanguard Group Inc. now owns 10,206,204 shares of the company’s stock valued at $862,322,000 after purchasing an additional 705,991 shares during the period. AQR Capital Management LLC grew its position in Elastic by 153.4% during the fourth quarter. AQR Capital Management LLC now owns 7,545,081 shares of the company’s stock valued at $569,201,000 after buying an additional 4,567,720 shares during the period. Pictet Asset Management Holding SA increased its holdings in Elastic by 3.2% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,534,498 shares of the company’s stock valued at $342,127,000 after buying an additional 138,974 shares during the last quarter. FIL Ltd raised its position in Elastic by 36.9% in the fourth quarter. FIL Ltd now owns 3,628,748 shares of the company’s stock worth $273,753,000 after acquiring an additional 977,578 shares during the period. Finally, Voya Investment Management LLC boosted its stake in shares of Elastic by 4.7% during the 3rd quarter. Voya Investment Management LLC now owns 1,781,925 shares of the company’s stock worth $150,555,000 after acquiring an additional 79,465 shares during the last quarter. 97.03% of the stock is owned by hedge funds and other institutional investors.

Key Elastic News

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Q4 results and reception: Elastic reported an earnings and revenue beat (EPS $0.73 vs. $0.64 expected; revenue $449.9M vs. $438.4M expected), and coverage noted the stock’s Russell 1000 move after the beat — a near-term bullish fundamental catalyst. Read More.
• Positive Sentiment: Morgan Stanley keeps an Overweight view despite trimming its target from $80 to $73, which still implies material upside versus current levels and signals continued conviction in Elastic’s growth trajectory. Read More.
• Neutral Sentiment: Investor detail: Elastic presented at the Morgan Stanley TMT conference (transcript published), providing additional management commentary and visibility into product/strategy execution — useful for investors but not an immediate price catalyst. Read More.
• Neutral Sentiment: TD Cowen adjusted its financial model and trimmed its price target to $70 (from $85) while reiterating a Hold, signaling tempered near-term expectations but not an outright sell signal. Read More.
• Neutral Sentiment: DA Davidson lowered its target from $80 to $65 and put a Neutral rating on the stock — a downgrade in expectations that nevertheless leaves room for upside versus current prices. Read More.
• Neutral Sentiment: Sector context: coverage of peers and sector rotations (e.g., mentions in market roundups) may be redirecting flows away from some software names; this is background pressure rather than company‑specific news. Read More.
• Negative Sentiment: Truist trimmed its price target to $80, another same‑day cut that contributes to negative sentiment and selling pressure despite the target remaining above current levels. Read More.

Elastic Company Profile

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.