Elastic's (ESTC) fiscal Q4 results beat will be overshadowed by lower-than-expected revenue guidance for fiscal year 2026, Wedbush said in a report Friday.
"The company provided relatively conservative FY26 revenue guidance as ESTC navigates a harsh macro environment," Wedbush analysts, including Daniel Ives, said.
They pointed to pressure within the US public sector while also investing to balance growth and profitability.
"While this quarter was a speed bump on the path to profitable growth, we believe that ESTC is in the early innings of its long-term growth story," the analysts said.
Wedbush maintained its outperform rating, while reducing its price target to $110 from $135.
Shares of Elastic were down more than 10% in recent trading.
Price: 80.25, Change: -11.78, Percent Change: -12.80
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。