Professional
Added to YB: 2024-11-22
Pitch date: 2024-11-22
ESTC [bullish]
Elastic N.V.
-45.56%
current return
Author Info
No bio for this author
Company Info
Elastic N.V., a search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.
Market Cap
$6.4B
Pitch Price
$114.00
Price Target
135.00 (+118%)
Dividend
N/A
EV/EBITDA
-619.12
P/E
-58.28
EV/Sales
3.46
Sector
Software
Category
turnaround
Baird Upgrades Elastic N.V. (ESTC) to Outperform with $135 Target
ESTC: Baird upgrades to Outperform, PT $135. Q2 shows turnaround: strong commitments, healthy consumption, improved win rates. GenAI inflection validates thesis, commitments doubled. Express Migration strengthens vs SIEM rivals. Elevated margin guidance, sustainable profitability (Rule-of-30+). CFO/COO exit removes overhang.
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