Strategic Alignment and Performance Incentives Drive Buy Rating for Elastic

Shrenik Kothari has issued a Buy rating for Elastic, citing strategic alignment and long-term value potential. A significant factor is the CEO's recent $29.3 million performance-based equity award, linked to ambitious share price and total shareholder return targets. This reflects a commitment to aligning CEO compensation with shareholder interests. The award's structure, with vesting conditions over three to five years, indicates confidence in long-term execution. Kothari, a 5-star analyst, emphasizes performance metrics in executive compensation, supporting sustained growth. Truist Financial also reiterated a Buy rating with a $140 price target.