Elastic Stock Forecast

Stock Price Forecast

The 25 analysts that cover Elastic stock have a consensus rating of "Buy" and an average price target of $119.52, which forecasts a 36.13% increase in the stock price over the next year. The lowest target is $90 and the highest is $150.

Price Target: $119.52 (+36.13%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$90	$119.52	$120	$150
Change	+2.51%	+36.13%	+36.67%	+70.84%

Analyst Ratings

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

Recommendation Trends

Rating	May '25	Jun '25	Jul '25	Aug '25	Sep '25	Oct '25
Strong Buy	9	8	8	9	9	9
Buy	11	11	11	11	11	11
Hold	6	7	7	7	7	8
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	26	26	26	27	27	28

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Ryan Macwilliams Wells Fargo	Wells Fargo	Hold Initiates $90	Hold	Initiates	$90	+2.51%	Oct 1, 2025
Brent Thill Jefferies	Jefferies	Strong Buy Maintains $110 → $125	Strong Buy	Maintains	$110 → $125	+42.37%	Aug 29, 2025
Gil Luria DA Davidson	DA Davidson	Hold Initiates $75 → $105	Hold	Initiates	$75 → $105	+19.59%	Aug 29, 2025
Kingsley Crane Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $110 → $120	Strong Buy	Maintains	$110 → $120	+36.67%	Aug 29, 2025
Matthew Hedberg RBC Capital	RBC Capital	Buy Maintains $106 → $125	Buy	Maintains	$106 → $125	+42.37%	Aug 29, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.72B

from 1.48B

16.16%

from 1.48B

Revenue Next Year

1.94B

from 1.72B

12.65%

from 1.72B

EPS This Year

2.39

from -1.04

EPS Next Year

2.71

from 2.39

13.36%

from 2.39

Fiscal Year	FY 2021	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Apr 30, 2021	Apr 30, 2022	Apr 30, 2023	Apr 30, 2024	Apr 30, 2025	Apr 30, 2026	Apr 30, 2027
Revenue	608.49M	862.37M	1.07B	1.27B	1.48B	1.72B	1.94B
Revenue Growth	42.30%	41.72%	23.96%	18.55%	17.04%	16.16%	12.65%
EPS	-1.48	-2.20	-2.47	0.59	-1.04	2.39	2.71
EPS Growth	-	-	-	-	-	-	13.36%
Forward PE	-	-	-	-	-	36.69	32.37
No. Analysts	-	-	-	-	-	31	31

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

Revenue Forecast

Revenue	2026	2027
High	1.8B	2.1B
Avg	1.7B	1.9B
Low	1.6B	1.8B

Revenue Growth

Revenue Growth	2026	2027
High	24.3%	24.7%
Avg	16.2%	12.7%
Low	9.8%	6.0%

EPS Forecast

EPS	2026	2027
High	2.79	3.38
Avg	2.39	2.71
Low	2.23	2.31

EPS Growth

EPS Growth	2026	2027
High	-	41.3%
Avg	-	13.4%
Low	-	-3.3%

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.