KeyBanc initiates coverage on Elastic, praising data platform and projecting solid revenue growth
From Yahoo Finance: 2025-06-23 15:11:00
Elastic (NYSE:ESTC) is highlighted as one of the best technology stocks by Wall Street analysts. KeyBanc initiated coverage with a Sector Weight rating, praising Elastic’s data and analytics platform. In FQ4 2025, Elastic saw 16% YoY revenue growth, with notable increases in subscription and Elastic Cloud revenue.
For FQ1 2026, Elastic forecasts revenue between $396-398 million, reflecting a 14% YoY growth. Full FY2026 revenue is projected to be $1.655-1.67 billion, indicating 12% growth. Elastic anticipates slower cloud growth in FQ1 due to seasonal patterns and consumption headwinds.
Elastic (NYSE:ESTC) is a search AI company providing software platforms for hybrid, public, private, and multi-cloud environments globally. While ESTC is recognized as a solid investment, other AI stocks may offer greater upside potential with less downside risk. Investors are encouraged to explore undervalued AI stocks in a free report.
Read more: KeyBanc Initiates Elastic (ESTC) with a Sector Weight Rating, No PT