Elastic Stock Forecast

Stock Price Forecast

The 23 analysts with 12-month price forecasts for Elastic stock have an average target of 106.61, with a low estimate of 67 and a high estimate of 160. The average target predicts an increase of 20.35% from the current stock price of 88.58.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$67	$106.61	$105	$160
Change	-24.36%	+20.35%	+18.54%	+80.63%

Analyst Ratings

The average analyst rating for Elastic stock from 25 stock analysts is "Buy". This means that analysts believe this stock is likely to outperform the market over the next twelve months.

Recommendation Trends

Rating	Jun '24	Jul '24	Aug '24	Sep '24	Oct '24	Nov '24
Strong Buy	9	9	9	10	10	10
Buy	7	7	6	6	8	8
Hold	6	6	8	8	7	7
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	22	22	23	24	25	25

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Blair Abernethy Rosenblatt	Rosenblatt	Strong Buy Maintains $120	Strong Buy	Maintains	$120	+35.47%	Nov 20, 2024
Raimo Lenschow Barclays	Barclays	Buy Maintains $95 → $105	Buy	Maintains	$95 → $105	+18.54%	Nov 15, 2024
Jake Roberge William Blair	William Blair	Hold → Buy Upgrades n/a	Hold → Buy	Upgrades	n/a	n/a	Oct 14, 2024
Mike Cikos Needham	Needham	Hold Reiterates n/a	Hold	Reiterates	n/a	n/a	Oct 8, 2024
Raimo Lenschow Barclays	Barclays	Hold → Buy Upgrades $90 → $95	Hold → Buy	Upgrades	$90 → $95	+7.25%	Oct 7, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.47B

from 1.27B

15.99%

from 1.27B

Revenue Next Year

1.68B

from 1.47B

14.15%

from 1.47B

EPS This Year

1.57

from 0.59

165.86%

from 0.59

EPS Next Year

1.89

from 1.57

20.41%

from 1.57

Fiscal Year	FY 2020	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Apr 30, 2020	Apr 30, 2021	Apr 30, 2022	Apr 30, 2023	Apr 30, 2024	Apr 30, 2025	Apr 30, 2026	Apr 30, 2027
Revenue	427.62M	608.49M	862.37M	1.07B	1.27B	1.47B	1.68B	2.01B
Revenue Growth	57.41%	42.30%	41.72%	23.96%	18.55%	15.99%	14.15%	19.61%
EPS	-2.12	-1.48	-2.20	-2.47	0.59	1.57	1.89	2.32
EPS Growth	-	-	-	-	-	165.86%	20.41%	22.90%
Forward PE	-	-	-	-	-	56.47	46.90	38.16
No. Analysts	-	-	-	-	-	29	29	12

Historical EPS numbers are GAAP, while forecasted numbers may be non-GAAP.

Revenue Forecast

Revenue	2025	2026	2027
High	1.5B	1.8B	2.7B
Avg	1.5B	1.7B	2.0B
Low	1.4B	1.6B	1.7B

Revenue Growth

Revenue Growth	2025	2026	2027
High	20.0%	23.3%	58.6%
Avg	16.0%	14.1%	19.6%
Low	11.3%	6.9%	3.8%

EPS Forecast

EPS	2025	2026	2027
High	1.66	2.52	3.32
Avg	1.57	1.89	2.32
Low	1.48	1.51	1.85

EPS Growth

EPS Growth	2025	2026	2027
High	181.2%	60.7%	75.7%
Avg	165.9%	20.4%	22.9%
Low	150.8%	-3.8%	-1.9%

Sources: Price targets and analyst ratings provided by Benzinga. Revenue and EPS forecast data provided by Finnhub. The data is sourced from Wall Street analysts. Data disclaimer.