Elastic (NYSE: ESTC) reported Q3 earnings of $0.35 EPS and $347.42 million in revenue, exceeding expectations.
Needham & Company has maintained a "Hold" rating for Elastic (NYSE: ESTC), which reported Q3 earnings of $0.35 EPS and $347.42 million in revenue, exceeding expectations. Analysts have mixed views, with Barclays upgrading its rating to overweight and adjusting the target price to $95. The average consensus rating is Moderate Buy, with a target of $103.71. Insider selling has occurred, while some major investors have increased their stakes in the company.
October 11, 2024
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