From Yahoo Finance: 2025-05-31 08:35:00

Wedbush analyst Daniel Ives decreases Elastic’s price target to $110 from $135, maintaining an Outperform rating. Q4 results show strong beats but FY26 revenue guidance falls below expectations due to GenAI integration in enterprises and increased consumption scrutiny. Analysts recommend Elastic as a top stock pick.

Read more: Elastic price target lowered to $110 from $135 at Wedbush