May 30, 2025
Analyst Bio:
Rosenblatt's analyst Blair Abernethy maintained a "Buy" rating on Elastic (ESTC). Despite this positive rating, the analyst has adjusted the price target downward from $140.00 to $130.00. This adjustment reflects a 7.14% decrease in the price target.
Elastic (ESTC) remains a focus for investors given its "Buy" rating, which indicates confidence from Rosenblatt in the company's future performance despite the revised price target.
Investors and market participants are closely watching Elastic (ESTC) following this update to evaluate its potential growth and how the reduced price target aligns with their investment strategies.
