Elastic shares rated Buy at $95 on strong subscription growth and new Metrics product potential

Elastic's revenue rose 15% in Q1 FY2027, driven by an 18% increase in sales-led subscriptions and a 21% rise in cRPO, leading to an upgraded full-year guidance. The launch of a new Metrics solution could boost revenue per customer by leveraging Elastic's large enterprise base and AI-driven data growth. While the stock trades at a high 28x expected earnings, its growth prospects and margin improvements make it attractive, though investors should be cautious of high stock-based compensation costs.

Elastic NV has a market cap of $9.77 billion and an enterprise value of $8.91 billion as of Oct 08, 2026 18:43 WIB. On Pluang, the stock is priced at USD 92.80 with a slight 1-day decline of 0.32%, while order activity heavily favors selling at 97%. This trading context highlights cautious investor sentiment despite the company’s recent revenue growth and upgraded guidance.