Elastic (ESTC) Stock Forecast, Price Target & Predictions

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ESTC Stock Forecast

Elastic stock forecast is as follows: an average price target of $125.00 (represents a 41.12% upside from ESTC’s last price of $88.58) and a rating consensus of 'Buy', based on 27 wall street analysts offering a 1-year stock forecast.

ESTC Price Target

The average price target for Elastic (ESTC) is $125.00 based on 1-year price targets from 27 Wall Street analysts in the past 3 months, with a price target range of $191.00 to $1.00. This represents a potential 41.12% upside from ESTC's last price of $88.58.

ESTC Analyst Ratings

Buy

According to 27 Wall Street analysts, Elastic's rating consensus is 'Buy'. The analyst rating breakdown for ESTC stock is 0 'Strong Buy' (0.00%), 21 'Buy' (77.78%), 6 'Hold' (22.22%), 0 'Sell' (0.00%), and 0 'Strong Sell' (0.00%).

Elastic Price Target by Analyst

Date	Analyst	Company	Price Target	Price when Published	Price Target/Price when Published	Price Target/Last Closing Price
Oct 14, 2024	Chris McNally	Evercore ISI	$43.00	$83.63	-48.58%	-51.46%
Oct 07, 2024	Raimo Lenschow	Barclays	$95.00	$79.01	20.24%	7.25%
Sep 03, 2024	Kingsley Crane	Canaccord Genuity	$110.00	$76.19	44.38%	24.18%
Aug 30, 2024	Ittai Kidron	Oppenheimer	$125.00	$103.64	20.61%	41.12%
Aug 30, 2024	Brent Thill	Jefferies	$110.00	$103.64	6.14%	24.18%
May 31, 2024	Patrick Colville	Scotiabank	$135.00	$102.84	31.27%	52.40%
May 31, 2024	Brad Reback	Stifel Nicolaus	$120.00	$93.18	28.78%	35.47%
May 31, 2024	Rob Owens	Piper Sandler	$131.00	$93.18	40.59%	47.89%
May 31, 2024	Kingsley Crane	Canaccord Genuity	$125.00	$93.18	34.15%	41.12%
May 31, 2024	Matthew Hedberg	RBC Capital	$135.00	$93.18	44.88%	52.40%

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The latest Elastic stock forecast, released on Oct 14, 2024 by Chris McNally from Evercore ISI, set a price target of $43.00, which represents a -48.58% decrease from the stock price at the time of the forecast ($83.63), and a -51.46% decrease from ESTC last price ($88.58).

Elastic Price Target by Period

	1M	3M	12M
# Anlaysts	-	5	16
Avg Price Target	-	$96.60	$109.13
Last Closing Price	$88.58	$88.58	$88.58
Upside/Downside	-100.00%	9.05%	23.20%

In the current month, the average price target of Elastic stock is -, according to 0 Wall Street analyst offering twelve months forecast. The average price target represents a -100.00% decrease as opposed to Elastic's last price of $88.58. This month's average price target is down -100.00% compared to last quarter, and down -100.00% compared to last year.

Analyst Ratings Upgrades/Downgrades

Date	Company	Previous Rating	New Rating	Rating Change
Oct 14, 2024	Evercore ISI	-	Outperform	Upgrade
Oct 14, 2024	William Blair	-	Outperform	Upgrade
Sep 11, 2024	Guggenheim	-	Buy	Initialise
Sep 03, 2024	Canaccord Genuity	Buy	Buy	Hold
Aug 30, 2024	Oppenheimer	Outperform	Outperform	Hold
Aug 30, 2024	Jefferies	Buy	Buy	Hold
Aug 28, 2024	Citigroup	Buy	Buy	Hold
Jun 03, 2024	Citigroup	Buy	Buy	Hold
May 31, 2024	Scotiabank	Outperform	Outperform	Hold
May 31, 2024	Piper Sandler	Overweight	Overweight	Hold

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Elastic's last stock rating was published by Evercore ISI on Oct 14, 2024. The company Upgrade its ESTC rating from "null" to "Outperform".

Elastic Financial Forecast

Elastic Revenue Forecast

	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20
Revenue	-	-	-	-	-	-	-	-	-	-	-	-	-	$327.96M	$310.61M	$293.75M	-	$274.57M	$264.40M	$250.08M	-	$223.94M	$205.98M	$193.09M	-	$157.12M	$144.89M	$128.87M	-	$113.18M
Avg Forecast	$477.51M	$469.24M	$451.06M	$439.62M	$428.01M	$418.54M	$403.55M	$392.13M	$373.43M	$366.04M	$354.29M	$344.80M	$329.59M	$320.81M	$304.44M	$284.78M	$277.63M	$272.90M	$261.55M	$246.26M	$232.43M	$209.39M	$194.57M	$173.20M	$158.40M	$146.75M	$130.48M	$120.94M	$116.95M	$107.18M
High Forecast	$483.50M	$475.12M	$456.72M	$445.13M	$433.38M	$423.79M	$408.61M	$397.05M	$378.12M	$367.60M	$355.05M	$344.87M	$329.59M	$320.87M	$305.63M	$288.35M	$281.11M	$276.32M	$262.86M	$249.90M	$235.86M	$212.49M	$197.44M	$175.76M	$160.74M	$148.92M	$132.41M	$122.73M	$118.68M	$108.77M
Low Forecast	$471.83M	$463.65M	$445.69M	$434.38M	$422.92M	$413.56M	$398.74M	$387.46M	$368.99M	$362.71M	$353.32M	$344.73M	$329.59M	$320.75M	$301.94M	$281.39M	$274.33M	$269.66M	$258.89M	$243.38M	$229.71M	$206.95M	$192.29M	$171.18M	$156.55M	$145.04M	$128.95M	$119.53M	$115.58M	$105.93M
# Analysts	14	8	8	10	14	8	7	9	13	16	16	10	14	8	14	7	10	7	6	11	6	6	7	8	7	10	10	7	12	7
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	1.02%	1.02%	1.03%	-	1.01%	1.01%	1.02%	-	1.07%	1.06%	1.11%	-	1.07%	1.11%	1.07%	-	1.06%

Elastic's average Quarter revenue forecast for May 24 based on 14 analysts is $329.59M, with a low forecast of $329.59M, and a high forecast of $329.59M. ESTC's average Quarter revenue forecast represents a 0.50% increase compared to the company's last Quarter revenue of $327.96M (Jan 24).

Elastic EBITDA Forecast

	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20
# Analysts	14	8	8	10	14	8	7	9	13	16	16	10	14	8	14	7	10	7	6	11	6	6	7	8	7	10	10	7	12	7
EBITDA	-	-	-	-	-	-	-	-	-	-	-	-	-	$-26.40M	$-21.51M	$-35.52M	-	$-29.04M	$-28.84M	$-55.09M	-	$-53.83M	$-33.00M	$-25.54M	-	$-32.55M	$-24.20M	$-14.38M	-	$-38.37M
Avg Forecast	$-83.54M	$-82.09M	$-78.91M	$-76.91M	$-74.88M	$-73.22M	$-70.60M	$-68.60M	$-65.33M	$-64.04M	$-61.98M	$-60.32M	$-83.74M	$-56.12M	$-53.26M	$-49.82M	$-76.13M	$-46.96M	$-49.73M	$-46.82M	$-69.21M	$-39.81M	$-36.99M	$-32.93M	$-50.77M	$-27.90M	$-24.81M	$-22.99M	$-46.05M	$-20.38M
High Forecast	$-82.54M	$-81.11M	$-77.97M	$-75.99M	$-73.99M	$-72.35M	$-69.76M	$-67.78M	$-64.55M	$-63.45M	$-61.81M	$-60.31M	$-66.99M	$-56.11M	$-52.82M	$-49.23M	$-60.90M	$-37.57M	$-49.22M	$-46.27M	$-55.36M	$-39.34M	$-36.56M	$-32.54M	$-40.62M	$-27.57M	$-24.52M	$-22.72M	$-36.84M	$-20.14M
Low Forecast	$-84.58M	$-83.12M	$-79.90M	$-77.87M	$-75.82M	$-74.14M	$-71.48M	$-69.46M	$-66.15M	$-64.31M	$-62.11M	$-60.33M	$-100.49M	$-56.13M	$-53.47M	$-50.44M	$-91.35M	$-56.35M	$-49.98M	$-47.51M	$-83.05M	$-40.40M	$-37.54M	$-33.42M	$-60.93M	$-28.31M	$-25.17M	$-23.33M	$-55.26M	$-20.68M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.47%	0.40%	0.71%	-	0.62%	0.58%	1.18%	-	1.35%	0.89%	0.78%	-	1.17%	0.98%	0.63%	-	1.88%

undefined analysts predict ESTC's average Quarter EBITDA for undefined to be $NaN, with a high of $NaN and a low of $NaN. This is NaN% lower than Elastic's previous annual EBITDA (undefined) of $NaN.

Elastic Net Income Forecast

	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20
# Analysts	14	8	8	10	14	8	7	9	13	16	16	10	14	8	14	7	10	7	6	11	6	6	7	8	7	10	10	7	12	7
Net Income	-	-	-	-	-	-	-	-	-	-	-	-	-	$176.12M	$-24.80M	$-48.51M	-	$-72.57M	$-47.30M	$-69.55M	-	$-56.73M	$-47.02M	$-34.49M	-	$-37.97M	$-29.16M	$-19.00M	-	$-44.28M
Avg Forecast	$59.75M	$62.06M	$57.85M	$53.14M	$50.86M	$51.19M	$47.32M	$41.79M	$40.40M	$41.65M	$39.05M	$26.29M	$-88.25M	$32.22M	$24.92M	$11.56M	$-80.23M	$-66.92M	$-9.90M	$-17.63M	$-72.93M	$-20.26M	$-16.13M	$-10.55M	$-59.24M	$-15.24M	$-20.73M	$-18.40M	$-53.14M	$-35.64M
High Forecast	$60.72M	$63.07M	$58.79M	$54.00M	$51.69M	$52.02M	$48.09M	$42.47M	$41.06M	$45.82M	$40.08M	$26.49M	$-70.60M	$32.22M	$25.96M	$11.74M	$-64.18M	$-53.54M	$-9.77M	$-17.36M	$-58.35M	$-19.95M	$-15.88M	$-10.39M	$-47.39M	$-15.01M	$-20.41M	$-18.12M	$-42.51M	$-35.10M
Low Forecast	$58.82M	$61.10M	$56.96M	$52.31M	$50.07M	$50.39M	$46.59M	$41.15M	$39.77M	$36.45M	$38.02M	$26.08M	$-105.90M	$32.22M	$23.88M	$11.38M	$-96.27M	$-80.30M	$-9.96M	$-17.97M	$-87.52M	$-20.65M	$-16.44M	$-10.75M	$-71.09M	$-15.53M	$-21.13M	$-18.76M	$-63.76M	$-36.32M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	5.47%	-0.99%	-4.20%	-	1.08%	4.78%	3.94%	-	2.80%	2.92%	3.27%	-	2.49%	1.41%	1.03%	-	1.24%

Elastic's average Quarter net income forecast for May 24 is $-88.25M, with a range of $-105.90M to $-70.60M. ESTC's average Quarter net income forecast represents a -150.11% decrease compared to the company's last Quarter net income of $176.12M (Jan 24).

Elastic SG&A Forecast

	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20
# Analysts	14	8	8	10	14	8	7	9	13	16	16	10	14	8	14	7	10	7	6	11	6	6	7	8	7	10	10	7	12	7
SG&A	-	-	-	-	-	-	-	-	-	-	-	-	-	$182.52M	$171.93M	$171.11M	-	$161.43M	$163.10M	$159.09M	-	$136.76M	$125.51M	$115.08M	-	$98.21M	$88.18M	$77.88M	-	$75.92M
Avg Forecast	$299.43M	$294.24M	$282.84M	$275.67M	$268.39M	$262.45M	$253.05M	$245.89M	$234.17M	$229.53M	$222.16M	$216.21M	$212.76M	$201.17M	$190.90M	$178.57M	$193.42M	$178.61M	$163.88M	$154.29M	$175.83M	$131.20M	$121.91M	$108.52M	$153.20M	$91.95M	$81.75M	$75.78M	$91.11M	$67.16M
High Forecast	$303.18M	$297.93M	$286.39M	$279.12M	$271.76M	$265.74M	$256.22M	$248.97M	$237.10M	$230.51M	$222.64M	$216.26M	$255.31M	$201.21M	$191.65M	$180.81M	$232.10M	$214.34M	$164.70M	$156.57M	$211.00M	$133.14M	$123.71M	$110.12M	$183.85M	$93.31M	$82.96M	$76.90M	$109.33M	$68.15M
Low Forecast	$295.87M	$290.74M	$279.48M	$272.39M	$265.20M	$259.33M	$250.04M	$242.96M	$231.38M	$227.44M	$221.55M	$216.17M	$170.21M	$201.13M	$189.34M	$176.45M	$154.73M	$142.89M	$162.21M	$152.49M	$140.67M	$129.66M	$120.48M	$107.25M	$122.56M	$90.87M	$80.80M	$74.89M	$72.89M	$66.37M
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.91%	0.90%	0.96%	-	0.90%	1.00%	1.03%	-	1.04%	1.03%	1.06%	-	1.07%	1.08%	1.03%	-	1.13%

Elastic's average Quarter SG&A projection for May 24 is $212.76M, based on 14 Wall Street analysts, with a range of $170.21M to $255.31M. The forecast indicates a 16.57% rise compared to ESTC last annual SG&A of $182.52M (Jan 24).

Elastic EPS Forecast

	May 27	Jan 27	Oct 26	Jul 26	May 26	Jan 26	Oct 25	Jul 25	May 25	Jan 25	Oct 24	Jul 24	May 24	Jan 24	Oct 23	Jul 23	May 23	Jan 23	Oct 22	Jul 22	May 22	Jan 22	Oct 21	Jul 21	May 21	Jan 21	Oct 20	Jul 20	May 20	Jan 20
# Analysts	14	8	8	10	14	8	7	9	13	16	16	10	14	8	14	7	10	7	6	11	6	6	7	8	7	10	10	7	12	7
EPS	-	-	-	-	-	-	-	-	-	-	-	-	-	-	$-0.00	$-0.50	-	$-0.76	$-0.50	$-0.74	-	$-0.61	$-0.51	$-0.38	-	$-0.43	$-0.34	$-0.23	-	$-0.55
Avg Forecast	$0.58	$0.61	$0.57	$0.52	$0.50	$0.50	$0.46	$0.41	$0.39	$0.41	$0.38	$0.26	$0.20	$0.31	$0.24	$0.11	$0.09	$0.05	$-0.10	$-0.17	$-0.22	$-0.20	$-0.16	$-0.10	$-0.16	$-0.15	$-0.20	$-0.18	$-0.31	$-0.35
High Forecast	$0.59	$0.62	$0.57	$0.53	$0.51	$0.51	$0.47	$0.42	$0.40	$0.45	$0.39	$0.26	$0.20	$0.32	$0.25	$0.11	$0.09	$0.05	$-0.10	$-0.17	$-0.21	$-0.20	$-0.16	$-0.10	$-0.16	$-0.15	$-0.20	$-0.18	$-0.31	$-0.34
Low Forecast	$0.58	$0.60	$0.56	$0.51	$0.49	$0.49	$0.46	$0.40	$0.39	$0.36	$0.37	$0.26	$0.20	$0.31	$0.23	$0.11	$0.09	$0.05	$-0.10	$-0.18	$-0.22	$-0.20	$-0.16	$-0.11	$-0.16	$-0.15	$-0.21	$-0.18	$-0.32	$-0.36
Surprise %	-	-	-	-	-	-	-	-	-	-	-	-	-	0.01%	-0.00%	-4.43%	-	-14.30%	5.17%	4.29%	-	3.08%	3.24%	3.68%	-	2.89%	1.68%	1.28%	-	1.58%

According to 14 Wall Street analysts, Elastic's projected average Quarter EPS for May 24 is $0.20, with a low estimate of $0.20 and a high estimate of $0.20. This represents a 11427.65% increase compared to ESTC previous annual EPS of - (Jan 24).

Elastic Peer Comparison by Price Target

Ticker	Company	Last Closing Price	Avg Price Target	Upside/Downside	Avg Rating
RNG	RingCentral	$35.04	$113.35	223.49%	Buy
FSLY	Fastly	$6.48	$16.83	159.72%	Hold
DOMO	Domo	$8.79	$16.09	83.05%	Hold
ASAN	Asana	$13.93	$25.05	79.83%	Buy
BILL	Bill.com	$87.86	$142.04	61.67%	Buy
PD	PagerDuty	$18.84	$30.13	59.93%	Buy
AMPL	Amplitude	$10.34	$15.80	52.80%	Hold
ESTC	Elastic	$88.58	$125.00	41.12%	Buy
CXM	Sprinklr	$7.82	$10.79	37.98%	Buy
DT	Dynatrace	$51.09	$61.46	20.30%	Buy
MNDY	monday	$260.15	$279.31	7.36%	Buy
DDOG	Datadog	$135.45	$145.31	7.28%	Buy
GTLB	GitLab	$62.15	$63.63	2.38%	Buy
SMAR	Smartsheet	$55.94	$56.59	1.16%	Hold
TEAM	Atlassian	$245.45	$246.52	0.44%	Buy
CDNS	Cadence Design Systems	$304.01	$276.07	-9.19%	Buy
HUBS	HubSpot	$694.48	$599.36	-13.70%	Buy

ESTC Forecast FAQ

Is Elastic a good buy?

Yes, according to 27 Wall Street analysts, Elastic (ESTC) is considered a 'Buy'. The rating consensus is based on 0 'Strong Buy' and 21 'Buy' recommendations, accounting for 77.78% of ESTC's total ratings.

What is ESTC's price target?

Elastic (ESTC) average price target is $125 with a range of $1 to $191, implying a 41.12% from its last price of $88.58. The data is based on 27 Wall Street analysts who provided a twelve-month price target estimate in the last three months.

Will Elastic stock go up soon?

According to Wall Street analysts' prediction for ESTC stock, the company can go up by 41.12% (from the last price of $88.58 to the average price target of $125), up by 115.62% based on the highest stock price target, and down by -98.87% based on the lowest stock price target.

Can Elastic stock reach $130?

ESTC's highest twelve months analyst stock price target of $191 supports the claim that Elastic can reach $130 in the near future.

Did the ESTC's actual financial results beat the analysts' financial forecasts?

In terms of the last quarterly report (Jan 2024), Elastic's revenue was $327.96M, beating the average analysts' forecast of $320.81M by 2.23%. The company's EBITDA was $-26.404M, missing the average prediction of $-56.123M by -52.95%. Elastic's net income was $176.12M, beating the average estimation of $32.22M by 446.65%. The company's SG&A was $182.52M, missing the average forecast of $201.17M by -9.27%. Lastly, the company's EPS was $0.0017, missing the average prediction of $0.315 by -99.46%