Elastic N.V. (ESTC)

Elastic Stock Forecast

Stock Price Forecast

The 20 analysts with 12-month price forecasts for Elastic stock have an average target of 117.15, with a low estimate of 65 and a high estimate of 155. The average target predicts an increase of 2.16% from the current stock price of 114.67.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$65	$117.15	$125	$155
Change	-43.32%	+2.16%	+9.01%	+35.17%

* Price targets were last updated on Jun 3, 2024.

Analyst Ratings

The average analyst rating for Elastic stock from 21 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	Feb '24	Mar '24	Apr '24	May '24	Jun '24	Jul '24
Strong Buy	9	9	9	10	9	9
Buy	7	7	7	7	7	7
Hold	6	6	6	6	6	5
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	22	22	22	23	22	21

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Tyler Radke Citigroup	Citigroup	Strong Buy Maintains $145 → $155	Strong Buy	Maintains	$145 → $155	+35.17%	Jun 3, 2024
Patrick Colville Scotiabank	Scotiabank	Buy Maintains $154 → $135	Buy	Maintains	$154 → $135	+17.73%	May 31, 2024
Raimo Lenschow Barclays	Barclays	Hold Maintains $128 → $117	Hold	Maintains	$128 → $117	+2.03%	May 31, 2024
Kingsley Crane Canaccord Genuity	Canaccord Genuity	Strong Buy Maintains $130 → $125	Strong Buy	Maintains	$130 → $125	+9.01%	May 31, 2024
Brad Reback Stifel	Stifel	Strong Buy Maintains $130 → $120	Strong Buy	Maintains	$130 → $120	+4.65%	May 31, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.51B

Increased by 18.91%

from 1.27B

Revenue Next Year

1.76B

Increased by 16.85%

from 1.51B

EPS This Year

1.44

Increased by 144.45%

from 0.59

EPS Next Year

1.86

Increased by 28.94%

from 1.44

Year	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029
Revenue	427.62M	608.49M	862.37M	1.07B	1.27B	1.51B	1.76B	2.21B	2.80B	3.29B
Revenue Growth	57.41%	42.30%	41.72%	23.96%	18.55%	18.91%	16.85%	25.21%	27.12%	17.52%
EPS	-2.12	-1.48	-2.20	-2.47	0.59	1.44	1.86	2.46	4.32	5.21
EPS Growth	-	-	-	-	-	144.45%	28.94%	32.44%	75.58%	20.52%
Forward PE	-	-	-	-	-	79.51	61.66	46.56	26.51	22.00
No. Analysts	-	-	-	-	-	27	26	7	3	3

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

Revenue Forecast

Revenue	2025	2026	2027	2028	2029
High	1.6B	1.9B	2.6B	3.2B	3.8B
Avg	1.5B	1.8B	2.2B	2.8B	3.3B
Low	1.4B	1.6B	2.0B	2.4B	2.8B

Revenue Growth

Revenue Growth	2025	2026	2027	2028	2029
High	25.0%	25.3%	50.1%	43.9%	35.8%
Avg	18.9%	16.9%	25.2%	27.1%	17.5%
Low	13.9%	9.3%	12.9%	10.0%	-0.9%

EPS Forecast

EPS	2025	2026	2027	2028	2029
High	1.55	2.21	2.93	4.45	5.37
Avg	1.44	1.86	2.46	4.32	5.21
Low	1.33	1.48	1.94	4.16	5.01

EPS Growth

EPS Growth	2025	2026	2027	2028	2029
High	163.4%	52.9%	57.5%	80.7%	24.1%
Avg	144.5%	28.9%	32.4%	75.6%	20.5%
Low	125.4%	2.6%	4.3%	68.7%	15.8%

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.