Rosenblatt Reiterates Buy Rating on Elastic N.V. (ESTC)
Rosenblatt maintains its buy rating for Elastic N.V. with a target price of $83, a 45.74% upside from the current price.
Key Points
- Rosenblatt reiterated its buy rating on Elastic N.V. (ESTC) with a price target of $83 on June 26, 2026.
- Rosenblatt's $83 price target implies 45.74% upside from Elastic N.V.'s ($ESTC) current $56.95 share price.
- Shares of Elastic traded at $53.6 on Friday, with a market cap of about $5.57 billion and a P/E ratio of 15.6.
- Institutional investors such as Pictet Asset Management and Vanguard Portfolio Management have shown interest in Elastic shares.
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Rosenblatt has reiterated its buy rating on Elastic N.V. (NYSE:ESTC), with a price target set at $83. This update was made by analyst Blair Abernethy on June 26, 2026. Shares of Elastic traded near $53.6 on Friday.
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Other Institutional Activity in Elastic N.V.
Several large funds have been adjusting their stakes in Elastic N.V. recently. Pictet Asset Management Holding SA significantly increased its holdings by 1,958,219 shares, bringing its total to 6,492,717 shares, worth approximately $324.5 million, a 43.2% increase. Vanguard Portfolio Management LLC opened a new position with 5,527,204 shares valued at about $276.3 million. Meanwhile, D. E. Shaw & Co., Inc. boosted its stake by 1,472,778 shares to a total of 3,462,254 shares, a 74% increase in its holdings.
Elastic N.V. Stock Down 43.0%
Shares of Elastic N.V. (NYSE:ESTC) traded at $53.6 on Friday. The company has a market capitalization of approximately $5.57 billion and a P/E ratio of 15.6. Its 52-week trading range has seen a low of $42.05 and a high of $96.07. The stock's 50-day moving average is $54.52, while the 200-day moving average is $67.64. Elastic maintains a current ratio of 1.68 and a quick ratio of 1.52, with a debt-to-equity ratio of 46.34.
$ESTC price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Elastic N.V. reported revenues of $1.74 billion, reflecting a 16% growth. The company achieved a net margin of 21.1% and a return on equity of 33.4%. Its earnings per share stood at $3.43. The next earnings report is anticipated on August 27, 2026.
Insider Buying and Selling at Elastic N.V.
Several insiders have recently sold shares in Elastic N.V. Chief Revenue Officer Mark Eugene Dodds sold 18,439 shares on June 9, 2026, at an average price of $60.61. Chief Technology Officer Shay Banon sold 9,288 shares, and CEO Ashutosh Kulkarni sold 40,373 shares on the same day, both at $60.61 per share. These transactions were not part of a pre-planned trading program.
Analysts Set New Price Targets
On June 26, 2026, Rosenblatt maintained its buy rating on Elastic N.V. with a price target of $83. Cantor Fitzgerald reiterated a hold rating with a $59 target on June 25, 2026. In May, several firms, including Barclays and Jefferies, maintained buy ratings, with price targets ranging from $68 to $104. The consensus among 27 analysts is a buy rating, with a mean target price of $74.52.
About Elastic N.V.
Elastic N.V. is a technology company based in Amsterdam, Netherlands. It specializes in software platforms designed to operate in various cloud environments. The company offers products like Elastic's Search AI Platform, which enables data storage, search, analysis, and visualization. Its offerings include Elasticsearch, a real-time analytics engine, and Elastic Observability, a solution for unified data analysis. Elastic N.V. was founded in 2012 and is led by CEO Ashutosh Kulkarni. The company employs over 4,000 people worldwide.
Bottom Line
Rosenblatt's reaffirmation of its buy rating for Elastic N.V. with an $83 price target reflects ongoing confidence in the company's growth potential. Investors keep a close eye on Elastic's performance, particularly given its significant institutional backing and innovative product offerings. Remember, analyst ratings and 13F filings are backward-looking and may not reflect the company's current position.
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