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The consensus price target hints at a 26.3% upside potential for Elastic (ESTC). While empirical research shows that this sought-after metric is hardly effective, an upward trend in earnings estimate revisions could mean that the stock will witness an upside in the near term.

Morgan Stanley’s downgrade of Elastic (ESTC), tied to slower AI search growth, rising security competition, and recent leadership changes, has sharpened investor focus on the stock’s risk profile and mixed valuation signals. See our latest analysis for Elastic. The Morgan Stanley downgrade came after a strong run for Elastic, with a 90 day share price return of 22.24% and a 30 day gain of 2.05%. However, the 1 year total shareholder return has declined 31.10%, highlighting that recent...

Shares of search AI platform provider Elastic (NYSE:ESTC) fell 4.4% in the afternoon session after Morgan Stanley downgraded the company's stock rating from "Overweight" to "Equal Weight" and lowered its price target from $73 to $66. The firm noted that Elastic's artificial intelligence-driven search business was taking longer than expected to grow, while rival data infrastructure companies were already showing AI-related benefits. Analysts originally expected Elastic's search capabilities to dr

Detailed price information for Elastic N.V. (ESTC-N) from The Globe and Mail including charting and trades.