Cantor Fitzgerald lowered the firm’s price target on Elastic (ESTC) to $92 from $109 and keeps a Neutral rating on the shares. Elastic reported a mixed quarter, with revenue out-performance driven by self-managed while cloud revenue slightly missed expectations, and the initial fiscal 2026 outlook embeds conservatism, the analyst tells investors in a research note. Cantor awaits increased clarity on Elastic’s revenue outlook in the coming quarters.
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Read More on ESTC:
- Guggenheim lowers Elastic price target, recommends buying on weakness
- Elastic price target lowered to $115 from $125 at Baird
- Elastic price target lowered to $112 from $140 at Stifel
- Elastic price target lowered to $115 from $120 at Morgan Stanley
- Elastic’s Growth Potential Highlighted by Strong Q4 Performance and AI Initiatives Despite Short-Term Challenges
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