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Elastic ( (ESTC) ) has issued an update.
On October 9, 2025, Elastic‘s Board of Directors approved a $500 million share repurchase program, reflecting confidence in the company’s business strategy and execution. The program, which has no expiration date, allows Elastic to buy back shares based on market conditions and other factors, aiming to enhance shareholder value while maintaining investment in its business.
The most recent analyst rating on (ESTC) stock is a Hold with a $90.00 price target. To see the full list of analyst forecasts on Elastic stock, see the ESTC Stock Forecast page.
Spark’s Take on ESTC Stock
According to Spark, TipRanks’ AI Analyst, ESTC is a Neutral.
Elastic’s strong earnings call performance, highlighted by significant revenue growth and raised guidance, is the most impactful factor. However, ongoing profitability challenges and a negative P/E ratio weigh down the overall score. Technical indicators suggest a neutral market sentiment, while strong cash flow management provides a solid foundation for future improvements.
To see Spark’s full report on ESTC stock, click here.
More about Elastic
Elastic, known as the Search AI Company, specializes in integrating search technology with artificial intelligence to transform data into actionable insights. Its Search AI Platform supports solutions in search, observability, and security, serving thousands of companies, including over 50% of the Fortune 500.
Average Trading Volume: 1,771,046
Technical Sentiment Signal: Sell
Current Market Cap: $8.54B
See more insights into ESTC stock on TipRanks’ Stock Analysis page.