Elastic (ESTC) Stock Forecast, Price Target & Predictions
ESTC Stock Forecast
Elastic stock forecast is as follows: an average price target of $125.00 (represents a 56.98% upside from ESTC’s last price of $79.63) 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 56.98% upside from ESTC's last price of $79.63.
ESTC Analyst Ratings
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% | -46.00% |
| Oct 07, 2024 | Raimo Lenschow | Barclays | $95.00 | $79.01 | 20.24% | 19.30% |
| Sep 03, 2024 | Kingsley Crane | Canaccord Genuity | $110.00 | $76.19 | 44.38% | 38.14% |
| Aug 30, 2024 | Ittai Kidron | Oppenheimer | $125.00 | $103.64 | 20.61% | 56.98% |
| Aug 30, 2024 | Brent Thill | Jefferies | $110.00 | $103.64 | 6.14% | 38.14% |
| May 31, 2024 | Patrick Colville | Scotiabank | $135.00 | $102.84 | 31.27% | 69.53% |
| May 31, 2024 | Brad Reback | Stifel Nicolaus | $120.00 | $93.18 | 28.78% | 50.70% |
| May 31, 2024 | Rob Owens | Piper Sandler | $131.00 | $93.18 | 40.59% | 64.51% |
| May 31, 2024 | Kingsley Crane | Canaccord Genuity | $125.00 | $93.18 | 34.15% | 56.98% |
| May 31, 2024 | Matthew Hedberg | RBC Capital | $135.00 | $93.18 | 44.88% | 69.53% |
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 -46.00% decrease from ESTC last price ($79.63).
Elastic Price Target by Period
| 1M | 3M | 12M | |
|---|---|---|---|
| # Anlaysts | 2 | 5 | 16 |
| Avg Price Target | $69.00 | $96.60 | $109.13 |
| Last Closing Price | $79.63 | $79.63 | $79.63 |
| Upside/Downside | -13.35% | 21.31% | 37.05% |
In the current month, the average price target of Elastic stock is $69.00, according to 2 Wall Street analysts offering twelve months forecast. The average price target represents a -13.35% decrease as opposed to Elastic's last price of $79.63. This month's average price target is down -28.57% compared to last quarter, and down -36.77% 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 |
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 | $428.07M | $418.59M | $403.59M | $392.24M | $373.75M | $366.22M | $354.31M | $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 | $480.47M | $472.15M | $453.86M | $442.34M | $430.73M | $421.19M | $406.09M | $394.68M | $376.07M | $367.78M | $355.07M | $344.87M | $329.59M | $320.87M | $305.63M | $286.55M | $279.36M | $274.60M | $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 | $470.96M | $462.81M | $444.88M | $433.59M | $422.20M | $412.85M | $398.05M | $386.86M | $368.63M | $362.89M | $353.34M | $344.73M | $329.59M | $320.75M | $301.94M | $280.87M | $273.83M | $269.16M | $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 | 17 | 8 | 9 | 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 9 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 | 17 | 8 | 9 | 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 | $-90.78M | $-89.21M | $-85.76M | $-83.58M | $-81.39M | $-79.58M | $-76.73M | $-74.57M | $-71.06M | $-69.63M | $-67.36M | $-65.55M | $-83.74M | $-60.99M | $-57.88M | $-54.14M | $-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 | $-89.54M | $-87.99M | $-84.58M | $-82.43M | $-80.27M | $-78.49M | $-75.68M | $-73.55M | $-70.08M | $-68.99M | $-67.18M | $-65.54M | $-66.99M | $-60.98M | $-57.41M | $-53.40M | $-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 | $-91.35M | $-89.77M | $-86.29M | $-84.10M | $-81.89M | $-80.08M | $-77.21M | $-75.04M | $-71.50M | $-69.92M | $-67.51M | $-65.57M | $-100.49M | $-61.00M | $-58.11M | $-54.48M | $-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 % | - | - | - | - | - | - | - | - | - | - | - | - | - | 0.43% | 0.37% | 0.66% | - | 0.62% | 0.58% | 1.18% | - | 1.35% | 0.89% | 0.78% | - | 1.17% | 0.98% | 0.63% | - | 1.88% |
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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 | 17 | 8 | 9 | 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 | $50.87M | $51.16M | $47.31M | $41.82M | $40.46M | $41.74M | $39.06M | $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 | $60.23M | $62.56M | $58.32M | $53.57M | $51.28M | $51.57M | $47.69M | $42.16M | $40.78M | $45.91M | $40.08M | $26.49M | $-70.60M | $32.22M | $25.96M | $11.65M | $-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 | $58.68M | $60.95M | $56.82M | $52.19M | $49.97M | $50.25M | $46.47M | $41.07M | $39.74M | $36.52M | $38.03M | $26.08M | $-105.90M | $32.22M | $23.88M | $11.35M | $-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 | 17 | 8 | 9 | 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 | $299.19M | $294.00M | $282.62M | $275.44M | $268.21M | $262.27M | $252.87M | $245.76M | $234.18M | $229.46M | $221.99M | $216.04M | $212.76M | $201.00M | $190.75M | $178.43M | $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 | $301.04M | $295.83M | $284.37M | $277.15M | $269.88M | $263.90M | $254.44M | $247.29M | $235.63M | $230.43M | $222.47M | $216.08M | $255.31M | $201.04M | $191.49M | $179.54M | $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 | $295.09M | $289.97M | $278.74M | $271.67M | $264.53M | $258.68M | $249.40M | $242.39M | $230.97M | $227.37M | $221.39M | $215.99M | $170.21M | $200.97M | $189.18M | $175.98M | $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 9 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 | 17 | 8 | 9 | 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 | $0.40 | $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 | $0.61 | $0.57 | $0.52 | $0.50 | $0.50 | $0.47 | $0.41 | $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 | $0.57 | $0.60 | $0.56 | $0.51 | $0.49 | $0.49 | $0.45 | $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 9 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 | $36.16 | $113.35 | 213.47% | Buy |
| BILL | Bill.com | $58.36 | $149.35 | 155.91% | Buy |
| FSLY | Fastly | $7.09 | $16.50 | 132.72% | Hold |
| DOMO | Domo | $8.05 | $16.09 | 99.88% | Hold |
| ASAN | Asana | $12.57 | $25.05 | 99.28% | Buy |
| AMPL | Amplitude | $9.28 | $15.80 | 70.26% | Hold |
| PD | PagerDuty | $18.42 | $30.13 | 63.57% | Buy |
| ESTC | Elastic | $79.63 | $125.00 | 56.98% | Buy |
| CXM | Sprinklr | $7.60 | $10.79 | 41.97% | Buy |
| GTLB | GitLab | $55.99 | $63.63 | 13.65% | Buy |
| DT | Dynatrace | $54.56 | $61.13 | 12.04% | Buy |
| DDOG | Datadog | $125.56 | $140.24 | 11.69% | Buy |
| TEAM | Atlassian | $218.96 | $233.53 | 6.65% | Buy |
| HUBS | HubSpot | $564.55 | $600.24 | 6.32% | Buy |
| SMAR | Smartsheet | $55.88 | $56.59 | 1.27% | Hold |
| CDNS | Cadence Design Systems | $289.34 | $270.07 | -6.66% | Buy |
| MNDY | monday | $295.78 | $274.94 | -7.05% | 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 56.98% from its last price of $79.63. 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 56.98% (from the last price of $79.63 to the average price target of $125), up by 139.86% based on the highest stock price target, and down by -98.74% based on the lowest stock price target.
Can Elastic stock reach $120?
ESTC's average twelve months analyst stock price target of $125 supports the claim that Elastic can reach $120 in the near future.
What is Elastic's current price target trend?
2 Wall Street analysts forecast a $69 price target for Elastic (ESTC) this month, down -13.35% from its last price of $79.63. Compared to the last 3 and 12 months, the average price target increased by 21.31% and increased by 37.05%, respectively.
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 $-60.992M by -56.71%. 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 $201M by -9.20%. Lastly, the company's EPS was $0.0017, missing the average prediction of $0.315 by -99.46%