Elastic Raises Revenue Guidance by $34 Million
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jan 14 2026
0mins
Speaking at the Needham Growth Conference, Elastic's Eric Prengel, GVP Finance / Interim CFO, stated when asked what is that the company sees from a demand side perspective that instills confidence in the business: "Yeah, I mean, we took the, from before the Analyst Day till after Q2, we added $34 million to our top line guide, which is about two points of growth. So the reason we did that is because of the strength that we're seeing in the business, because of not just the commitments that we've got today, but the demand environment as we look at our pipeline and as we see the way that the selling motion is working. So we've just seen a lot of strength in the business. We've seen head-to-head customer wins where the product is really showing a lot of market interest and competitive differentiation relative to our peers."
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Analyst Views on ESTC
Wall Street analysts forecast ESTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESTC is 101.14 USD with a low forecast of 75.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
16 Buy
10 Hold
0 Sell
Moderate Buy
Current: 73.380
Low
75.00
Averages
101.14
High
130.00
Current: 73.380
Low
75.00
Averages
101.14
High
130.00
About ESTC
Elastic NV is a Netherlands-based data analytics company. The Company’s platform, which is available as both a hosted, managed service across public clouds as well as self-managed software, allows its customers to find insights from large amounts of data and take action. The Company offers three search-powered solutions - Enterprise Search, Observability, and Security - that are built into the platform, which is built on the Elastic Stack, a set of software products that ingest data from any source, in any format, and perform search, analysis, and visualization of that data. The Company helps organizations, their employees, and their customers find what they need, while keeping mission-critical applications running smoothly, and protecting against cyber threats. The Company generates revenue primarily from sales of subscriptions to its platform.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Elastic (NYSE: ESTC) Launches Agent Builder to Simplify AI Agent Development
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Elastic (NYSE:ESTC) Launches Agent Builder for Enterprise AI Agent Development
- AI Agent Development: Elastic's newly launched Agent Builder provides developers with a comprehensive set of capabilities to quickly build secure, reliable, context-driven AI agents, significantly enhancing the efficiency and accuracy of enterprise data processing.
- Context-Driven Intelligence: Built on Elasticsearch, Agent Builder effectively extracts enterprise context from unstructured data sources, enabling teams to reason more accurately and deliver better outcomes, thereby improving the quality of business decisions.
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- Compatibility and Availability: Agent Builder is now available in Elastic Cloud Serverless and included in the Enterprise Tier of Elastic Cloud Hosted, ensuring existing customers can seamlessly access this new functionality to enhance their AI agent development capabilities.
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