Wells Fargo has initiated coverage on Elastic NV (ESTC) with an Equal-Weight rating, marking the firm's first assessment of the company. This decision reflects an analysis of the technology firm's business model, industry dynamics, and growth potential.
Elastic NV, headquartered in Amsterdam, specializes in open-source search and analytics engine services. The company, which went public on October 5, 2018, employs 3,711 people and has a market capitalization of $9.0 billion. Its platform, which includes Enterprise Search, Observability, and Security solutions, enables customers to derive insights from vast amounts of data. The firm primarily generates revenue through subscription sales to its platform.
As of September 30, 2025, Elastic NV's stock is priced at $70.17. The company is expected to report earnings on November 20, 2025, with an estimated EPS of $0.59 and revenue of $426.5 million. Recent performance has shown positive surprises, with Q2 2026 EPS reported at $0.64, exceeding estimates by 8.9%.
Analyst ratings serve as professional opinions based on extensive research and financial modeling. While they can provide valuable insights, they are based on assumptions that may not always hold true. Investors should consider a range of factors, including company fundamentals and market conditions, when making decisions. Analyst opinions can change as new information becomes available, and differing views may exist among analysts regarding the same company.