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Elastic (ESTC) Stock Forecast, Price Target & Predictions

OverviewRevenueOwnershipFinancialsChartTranscripts

ESTC Stock Forecast

Elastic (ESTC) stock forecast, based on 27 Wall Street analysts, predicts a 12-month average price target of $93.00, with a high of $125.00 and a low of $43.00. This represents a -18.94% decline from the last price of $114.73.

$40 $59 $78 $97 $116 $135 High: $125 Avg: $93 Low: $43 Last Closed Price: $114.73

ESTC Stock Rating

Elastic stock's rating consensus is Buy, based on 27 Wall Street analysts. The breakdown includes 0 Strong Buy (0.00%), 22 Buy (81.48%), 5 Hold (18.52%), 0 Sell (0.00%), and 0 Strong Sell (0.00%).

Buy
Total 27 0 5 22 Strong Sell Sell Hold Buy Strong Buy

ESTC Price Target Upside V Benchmarks

TypeNameUpside
StockElastic-18.94%
SectorTechnology Stocks 13.91%
IdeaSaaS Stocks List18.98%

Price Target Trends

1M3M12M
# Anlaysts-217
Avg Price Target-$105.00$108.59
Last Closing Price$114.73$114.73$114.73
Upside/Downside--8.48%-5.35%
Ratings Trends
DateStrong BuyBuyHoldSellStrong SellTotal
Feb, 257148--29
Jan, 257148--29
Dec, 247147--28
Nov, 246149--29
Oct, 2461211--29
Analyst Price Target Forecasts
DateAnalystCompanyPrice TargetPrice when PublishedPrice Target/Price when PublishedPrice Target/Last Closing Price
Nov 25, 2024Daniel IvesWedbush$75.00$108.03-30.57%-34.63%
Nov 25, 2024Daniel IvesWedbush$135.00$108.0324.97%17.67%
Oct 14, 2024Chris McNallyEvercore ISI$43.00$83.63-48.58%-62.52%
Oct 07, 2024Raimo LenschowBarclays$95.00$79.0120.24%-17.20%
Sep 03, 2024Kingsley CraneCanaccord Genuity$110.00$76.1944.38%-4.12%
Aug 30, 2024Ittai KidronOppenheimer$125.00$103.6420.61%8.95%
Aug 30, 2024Brent ThillJefferies$110.00$103.646.14%-4.12%
May 31, 2024Patrick ColvilleScotiabank$135.00$102.8431.27%17.67%
May 31, 2024Brad RebackStifel Nicolaus$120.00$93.1828.78%4.59%
May 31, 2024Rob OwensPiper Sandler$131.00$93.1840.59%14.18%
Analyst Rating Forecasts
DateCompanyPrevious RatingNew RatingRating Change
Nov 25, 2024WedbushOutperformOutperformhold
Nov 25, 2024CitigroupBuyBuyhold
Oct 14, 2024Evercore ISIOutperformupgrade
Oct 14, 2024William BlairOutperformupgrade
Sep 11, 2024GuggenheimBuyinitialise
Sep 03, 2024Canaccord GenuityBuyBuyhold
Aug 30, 2024OppenheimerOutperformOutperformhold
Aug 30, 2024JefferiesBuyBuyhold
Aug 28, 2024CitigroupBuyBuyhold
Jun 03, 2024CitigroupBuyBuyhold

Financial Forecast

EPS Forecast

$-3 $-2 $-1 $0 $1 $2 $3 Apr 20 Apr 21 Apr 22 Apr 23 Apr 24 Apr 25 Apr 26 Apr 27
Apr 20Apr 21Apr 22Apr 23Apr 24Apr 25Apr 26Apr 27
Reported$-2.12$-1.48$-2.20$-2.47$0.62---
Avg Forecast$-1.13$-0.17$-0.39$0.13$1.18$1.72$1.92$2.25
High Forecast$-1.17$-0.17$-0.40$0.12$1.17$1.70$1.78$1.84
Low Forecast$-1.11$-0.17$-0.38$0.13$1.19$1.74$2.16$2.49
Surprise %87.61%770.59%464.10%-2000.00%-47.46%---

Revenue Forecast

$0 $400M $800M $1B $2B $2B Apr 20 Apr 21 Apr 22 Apr 23 Apr 24 Apr 25 Apr 26 Apr 27
Apr 20Apr 21Apr 22Apr 23Apr 24Apr 25Apr 26Apr 27
Reported$427.62M$608.49M$862.37M$1.07B$1.27B---
Avg Forecast$420.95M$588.57M$855.41M$1.07B$1.26B$1.46B$1.65B$1.88B
High Forecast$415.85M$581.44M$845.05M$1.06B$1.25B$1.45B$1.64B$1.87B
Low Forecast$431.69M$603.59M$877.24M$1.09B$1.28B$1.48B$1.67B$1.89B
Surprise %1.59%3.38%0.81%0.20%0.49%---

Net Income Forecast

$-300M $-180M $-60M $60M $180M $300M Apr 20 Apr 21 Apr 22 Apr 23 Apr 24 Apr 25 Apr 26 Apr 27
Apr 20Apr 21Apr 22Apr 23Apr 24Apr 25Apr 26Apr 27
Reported$-167.17M$-129.43M$-203.85M$-236.16M$61.72M---
Avg Forecast$-178.77M$-186.81M$-218.91M$13.13M$-192.61M$179.00M$204.48M$225.18M
High Forecast$-214.52M$-224.17M$-262.69M$12.96M$-231.13M$176.91M$184.86M$191.81M
Low Forecast$-143.01M$-149.45M$-175.13M$13.44M$-154.09M$181.10M$224.10M$258.54M
Surprise %-6.49%-30.71%-6.88%-1897.98%-132.04%---

ESTC Forecast FAQ

Is Elastic stock a buy?

Elastic stock has a consensus rating of Buy, based on 27 Wall Street analysts. The rating breakdown includes 0 Strong Buy, 22 Buy, 5 Hold, 0 Sell, and 0 Strong Sell, reflecting a consensus that Elastic is a favorable investment for most analysts.

What is Elastic's price target?

Elastic's price target, set by 27 Wall Street analysts, averages $93 over the next 12 months. The price target range spans from $43 at the low end to $125 at the high end, suggesting a potential -18.94% change from the previous closing price of $114.73.

How does Elastic stock forecast compare to its benchmarks?

Elastic's stock forecast shows a -18.94% downside, underperforming the average forecast for the technology stocks sector (13.91%), trailing the SaaS Stocks List (18.98%) investment idea.

What is the breakdown of analyst ratings for Elastic over the past three months?

  • February 2025: 24.14% Strong Buy, 48.28% Buy, 27.59% Hold, 0% Sell, 0% Strong Sell.
  • January 2025: 24.14% Strong Buy, 48.28% Buy, 27.59% Hold, 0% Sell, 0% Strong Sell.
  • December 2024: 25.00% Strong Buy, 50.00% Buy, 25.00% Hold, 0% Sell, 0% Strong Sell.

What is Elastic’s EPS forecast?

Elastic's average annual EPS forecast for its fiscal year ending in April is $1.72 for 2025, a 177.42% increase from the reported $0.62 in 2024. The prediction for 2026 is $1.92, and $2.25 for 2027.

What is Elastic’s revenue forecast?

Elastic's average annual revenue forecast for its fiscal year ending in April is $1.46B for 2025, a 14.89% increase from the reported $1.27B in 2024. The forecast for 2026 is $1.65B, and $1.88B for 2027.

What is Elastic’s net income forecast?

For its fiscal year ending in April, Elastic's average annual net income forecast is $179M for 2025, reflecting an 190.03% increase from the reported $61.72M in 2024. The projection for 2026 is $204.48M, and $225.18M for 2027.