Elastic gets initiated with Buy at Guggenheim

seekingalpha09-11

Guggenheim began coverage of Elastic (NYSE:ESTC) with a Buy rating and a $100 price target, implying 39% potential upside from the current stock price. Analysts led by Howard Ma said that Elastic is ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2466895284?lang=en_US&edition=fundamental","thumbnail":"https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1212785891/image_1212785891.jpg","is_english":true,"pubTime":"2024-09-11 20:54","share_image_url":"https://static.laohu8.com/5a36db9d73b4222bc376d24ccc48c8a4","id":"2466895284","market":"sh","top_or_hot":-1,"title":"Elastic gets initiated with Buy at Guggenheim","media":"seekingalpha","content":"<div>\n<p>Guggenheim began coverage of Elastic (NYSE:ESTC) with a Buy rating and a $100 price target, implying 39% potential upside from the current stock price. Analysts led by Howard Ma said that Elastic is ...</p>\n\n<a href=\"https://seekingalpha.com/news/4148657-elastic-gets-initiated-with-buy-at-guggenheim\">Source Link</a>\n\n</div>\n","source":"seekingalpha","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Elastic gets initiated with Buy at Guggenheim</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nElastic gets initiated with Buy at Guggenheim\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-09-11 20:54 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://seekingalpha.com/news/4148657-elastic-gets-initiated-with-buy-at-guggenheim><strong>seekingalpha</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Guggenheim began coverage of Elastic (NYSE:ESTC) with a Buy rating and a $100 price target, implying 39% potential upside from the current stock price. Analysts led by Howard Ma said that Elastic is ...</p>\n\n<a href=\"https://seekingalpha.com/news/4148657-elastic-gets-initiated-with-buy-at-guggenheim\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2098885051.SGD","symbol_name":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","start_time":0,"source_url":"https://seekingalpha.com/news/4148657-elastic-gets-initiated-with-buy-at-guggenheim","article_id":"2466895284","we_media_id":null,"thumbnails":["https://static.seekingalpha.com/cdn/s3/uploads/getty_images/1212785891/image_1212785891.jpg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2466895284","pubTimestamp":1726059263,"sourceInfo":{"source_id":"seekingalpha","name":"Seeking Alpha"},"weMediaInfo":null,"summary":"Guggenheim began coverage of Elastic (NYSE:ESTC) with a Buy rating and a $100 price target, implying 39% potential upside from the current stock price. Analysts led by Howard Ma said that Elastic is b","collect":0,"end_time":0,"defaultTopTitle":"seekingalpha.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU2098885051.SGD":"JPMorgan Funds - Multi-Manager Alternatives A (acc) SGD","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4023":"应用软件","ESTC":"Elastic N.V.","LU1303367103.USD":"摩根大通多经理另类基金 A (acc)"},"translate_title":"Elastic在古根海姆开始购买","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"ESTC":1},"content_text":"Guggenheim began coverage of Elastic (NYSE:ESTC) with a Buy rating and a $100 price target, implying 39% potential upside from the current stock price. Analysts led by Howard Ma said that Elastic is best known as the leading enterprise search engine, enabling highly relevant results across corporate websites to product catalogs, and even powers the tech stacks of some rivals. Over the last 10 years, Amsterdam-based Elastic has extended its core strength— indexing and searching through vast amounts of unstructured data — into other adjacent use cases, including observability and security (SIEM and EDR). More recently, Elastic has introduced solutions which provide a unique foundation for the creation of GenAI applications. However, the GenAI market came to them, and should provide sustainable tailwinds, even if the expected near-term benefit is overblown, the analysts added. Despite promising evidence of early platform adoption for GenAI use cases and increasing wallet share in observability and SIEM, revenue growth has decelerated significantly in recent years, and what was once significant outperformance versus weighted average underlying market growth is no longer, according to the analysts. The analysts believe the ongoing go-to-market challenges have been the main culprit, most recently seen in the lowering of fiscal 2025 revenue growth from 16% to 14% due to disruption from a sales segmentation change to better target large accounts. Ma and his team noted that their model suggests that the reset fiscal 2025 guidance is prudent with room for upside, while their analysis of Elastic's revenue mix and relative growth rates support at least a mid-teens compound annual growth rate, or CAGR, with potential for re-acceleration supporting positive risk/reward for the shares. Elastic's (ESTC) has a Hold rating at Seeking Alpha's Quant Rating system, which consistently beats the market. Meanwhile, the Seeking Alpha authors' average rating is also Hold, but the average Wall Street analysts' rating is more positive with a Buy.","kind":null,"is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.26.4","shortVersion":"4.26.4","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2466895284"}