Elastic NV. (ESTC) PT Raised to $87 at RBC Capital
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Elastic NV. (ESTC) PT Raised to $68 at TD Cowen
September 1, 2023 6:50 AM EDTTD Cowen analyst Andrew Sherman raised the price target on Elastic NV. (NYSE: ESTC) to $68.00 (from $65.00) while maintaining a Market Perform rating.
The analyst commented, "Cloud growth of 24% cc was $1m above our est, while total revs grew 17% & beat the high-end of... More
Elastic NV (ESTC) rallies 18% on beat and raise; Analyst highlight AI opportunity
September 1, 2023 6:33 AM EDTElastic NV (NYSE: ESTC) reported first-quarter results that topped analyst expectations.
Revenue reached $293.8 million, representing a 17% year-on-year increase and surpassing the estimate of $284.8 million. Adjusted earnings per share stood at 25 cents, well above the estimated 11 cents per share.
The adjusted gross margin was 76.5%, up from 73.9% year-on-year.
For the second quarter, Elastic anticipates adjusted earnings per share in the range of 23 cents to 25... More
