Elastic Analysts Raise Their Forecasts After Upbeat Q1 Results
1. Elastic N.V. reported Q1 earnings of 60 cents, beating expectations. 2. Sales reached $415.29 million, surpassing analyst predictions. 3. FY2026 guidance increased for adjusted EPS and sales projections. 4. Analysts updated price targets post-earnings, with positive ratings maintained. 5. Shares rose 5.4% to $87.79, reflecting investor confidence.