$ESTC

Elastic NV (ESTC) shares rose 20.3% to $100.70 after an earnings beat, with options volume surging to 10,426 contracts. Calls outnumbered puts 3-to-1, with popular strikes including January 2027 $60 and September 2026 $100/$110 calls. The stock's 3-month realized volatility fell 19.4 points to 55.5%, but call skew rose, indicating bullish bets. ESTC's Q1 EPS and revenue beat expectations, and guidance was raised, with Wells Fargo increasing its price target to $100.

Workday shares rose 6% after Q2 results beat estimates, with $2.75 EPS and $2.65B revenue. Salesforce gained 3%, extending a 22% rally post-earnings. Nvidia dropped 3% after a prior 9% gain. Amazon climbed 4% on an upgraded price target. Coinbase and Strategy fell 7% and 6% as bitcoin dropped 3%. PayPal plunged 16% after buyout talks fell through. Affirm jumped 5% on revenue beat and guidance. Gap rose 13% with new leadership and earnings beat. Elastic N.V. surged 17% on strong guidance. Marvell

Elastic N.V. (ESTC) stock surged 17.27% after Q1 FY27 earnings beat expectations, with revenue of $478M vs. $469.7M expected and adjusted EPS of $0.70 vs. $0.58. The company raised FY27 guidance, highlighting AI-driven growth and strong customer demand. Management acquired Deductive AI and nominated Julia Liuson to the board, reinforcing its AI strategy.

JP Morgan maintained an Overweight rating for Elastic (ESTC) and raised its price target to $105 from $93, citing growth potential. Elastic's stock is currently undervalued by 6.5% according to GF Value™, with a GF Score™ of 81/100. The company has a market cap of $10.23B and operates in AI-search, observability, and security deployments.

Jefferies maintained a 'Buy' rating for Elastic (ESTC) and raised its price target to $120 from $100, citing growth potential in AI-search, observability, and security sectors. The stock is currently trading at $98.38, with a GF Value™ of $105.18, indicating it is 6.5% undervalued. Elastic has a GF Score™ of 81/100, reflecting strong growth and valuation metrics, but significant insider selling has been noted.

Oppenheimer maintained an 'Outperform' rating for Elastic (ESTC) and raised its price target to $118 from $100. The company's stock is currently trading at $97.81, which is 7.0% below its GF Value™ of $105.18, suggesting it is undervalued. Elastic has a GF Score™ of 81/100, indicating strong overall performance, particularly in growth and valuation. Five gurus hold positions in ESTC, with four adding to their stakes recently.

Marvell (MRVL) fell 7.5% despite beating Q2 estimates, with Benchmark reiterating a Buy rating. Elastic (ESTC) reported strong results and raised FY27 guidance. Workday (WDAY) was rated Outperform, citing attractive valuation. Gap (GAP) received a price target raise from UBS, forecasting 23% EPS growth. Analysts highlight differing market expectations for AI and turnaround stocks.

Elastic (ESTC) reported Q2 CY2026 revenue of $478.1M, up 15.1% YoY, beating expectations. Guidance for Q3 was also above estimates. Management cited strong enterprise AI adoption, with 37% of large customers using AI features. The company expects continued growth from its land-and-expand strategy and AI-driven automation investments. ESTC stock rose to $103.77 post-earnings.

Elastic (ESTC) reported Q1 sales-led subscription revenue growth of 18% to $399M, with cRPO and total RPO rising 21% and 27% respectively. The company added 80 new large customers, now totaling 1,800, and raised FY27 revenue guidance to $1.998-$2.010B. Q2 EPS and revenue forecasts exceed consensus, and a $500M share repurchase program was authorized. Despite a slight decline in NER to 111%, ESTC expects growth acceleration in H2.

Elastic N.V. (NYSE:ESTC) reported strong Q1 earnings, raising full-year guidance and highlighting AI adoption. Paul Tudor Jones' firm initiated a position, while Steven Cohen's Point72 reduced its holdings. The stock surged nearly 30% in pre-market trading, reaching new 52-week highs.