From Yahoo Finance: 2025-05-31 08:46:00

TD Cowen analyst Andrew Sherman lowered Elastic’s price target to $90 from $105, citing a slight miss in Cloud revenues and a FY26 revenue guide 12% below Street expectations. Management believes risks are mitigated, but Cowen remains cautious. This marks the first miss since 4Q23.

Read more: Elastic price target lowered to $90 from $105 at TD Cowen