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Elastic (ESTC) Positioned to Benefit from AI Use Cases and Tool Consolidation
Yahoo Finance· 2026-02-03 14:44
Elastic N.V. (NYSE:ESTC) is one of the 10 AI Stocks Gaining Attention on Wall Street. On January 30, Rosenblatt analyst Blair Abernethy lowered the price target on the stock to $110.00 (from $130.00) while maintaining a “Buy” rating. While there are multiple compression and macro pressures for ESTC, the firm sees strength in tool consolidation and AI-led use cases. Rosenblatt noted that Elastic is expected to report an in-line to marginal beat in Q3/FY 26 results when it reports in late February.  It hig ...