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Elastic ( (ESTC) ) has provided an update.
On August 22, 2025, Sohaib Abbasi announced he would not seek re-election as a non-executive director at Elastic‘s upcoming annual general meeting. Elastic reported a strong financial performance for Q1 fiscal 2026, with a 20% year-over-year revenue increase to $415 million. The company highlighted significant growth in its Elastic Cloud and subscription revenues, alongside key product innovations and strategic partnerships. Elastic’s advancements in AI and cloud services are expected to enhance its market position and offer substantial value to stakeholders.
The most recent analyst rating on (ESTC) stock is a Hold with a $91.00 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 financial performance and positive earnings call sentiment are offset by its challenging valuation and mixed technical indicators. The company’s growth in AI and strategic partnerships are significant positives, but the lack of profitability and conservative future guidance present risks.
To see Spark’s full report on ESTC stock, click here.
More about Elastic
Elastic, known as the Search AI Company, integrates search technology with artificial intelligence to transform data into actionable insights. Its Search AI Platform supports search, observability, and security solutions, utilized by thousands of companies, including over 50% of the Fortune 500.
Average Trading Volume: 1,788,081
Technical Sentiment Signal: Sell
Current Market Cap: $8.19B
For a thorough assessment of ESTC stock, go to TipRanks’ Stock Analysis page.