Cantor Fitzgerald Reiterates Neutral Rating on Elastic (ESTC) With $109 Price Target
From Yahoo Finance: 2025-05-28 11:26:00
- Elastic N.V. (NYSE:ESTC) is being closely watched among AI stocks on Wall Street. Cantor Fitzgerald analyst Thomas Blakey maintains a "Neutral" rating with a $109.00 price target for the search AI company providing cloud-based solutions.
- Elastic N.V. faces scrutiny over fiscal year 2026 revenue guidance and cloud revenue growth projections. Analysts anticipate a slight decline in growth rate for Q4 of fiscal year 2025, indicating potential challenges ahead.
- Despite a strong 12-month revenue growth of 17.95%, Elastic N.V. may see a 5% decrease in new business generated compared to the previous quarter. The company’s EBIT margin guidance suggests a record year, but future margin improvements could be limited due to investments in AI opportunities.
- Ranked 6th among AI stocks gaining Wall Street’s attention, Elastic N.V. offers investment potential, but other stocks may have better returns. Investors looking for AI stocks with significant upside potential can explore alternatives to ESTC. Check out the cheapest AI stock with a 100x upside potential in a new report.
- Stay informed about other AI stocks on analysts’ radar and Wall Street’s watchlist. Read more on Insider Monkey for the latest updates and insights into the AI stock market. No disclosures in this report, originally published by Insider Monkey.
Read more at Yahoo Finance: Cantor Fitzgerald Reiterates Neutral Rating on Elastic (ESTC) With $109 Price Target