Elastic Stock Forecast

Stock Price Forecast

The 24 analysts with 12-month price forecasts for Elastic stock have an average target of 128.42, with a low estimate of 75 and a high estimate of 150. The average target predicts an increase of 65.00% from the current stock price of 77.83.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$75	$128.42	$135	$150
Change	-3.64%	+65.00%	+73.45%	+92.73%

Analyst Ratings

The average analyst rating for Elastic stock from 26 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	Nov '24	Dec '24	Jan '25	Feb '25	Mar '25	Apr '25
Strong Buy	10	10	10	9	9	9
Buy	10	11	11	11	11	11
Hold	6	5	6	6	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	26	26	27	26	26	26

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Sanjit Singh Morgan Stanley	Morgan Stanley	Buy Maintains $140 → $120	Buy	Maintains	$140 → $120	+54.18%	Apr 16, 2025
Gil Luria DA Davidson	DA Davidson	Hold Maintains $115 → $75	Hold	Maintains	$115 → $75	-3.64%	Apr 14, 2025
Brent Thill Jefferies	Jefferies	Strong Buy Maintains $125 → $110	Strong Buy	Maintains	$125 → $110	+41.33%	Apr 7, 2025
Brent Thill Jefferies	Jefferies	Strong Buy Maintains $135 → $125	Strong Buy	Maintains	$135 → $125	+60.61%	Mar 31, 2025
Joel Fishbein Truist Securities	Truist Securities	Strong Buy Maintains $145 → $140	Strong Buy	Maintains	$145 → $140	+79.88%	Mar 31, 2025

More Analyst Ratings

Financial Forecast

Revenue This Year

1.51B

from 1.27B

18.75%

from 1.27B

Revenue Next Year

1.72B

from 1.51B

14.29%

from 1.51B

EPS This Year

1.98

from 0.59

235.82%

from 0.59

EPS Next Year

2.13

from 1.98

7.75%

from 1.98

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	1.51B	1.72B	1.97B
Revenue Growth	57.41%	42.30%	41.72%	23.96%	18.55%	18.75%	14.29%	14.59%
EPS	-2.12	-1.48	-2.20	-2.47	0.59	1.98	2.13	2.53
EPS Growth	-	-	-	-	-	235.82%	7.75%	18.59%
Forward PE	-	-	-	-	-	39.28	36.45	30.74
No. Analysts	-	-	-	-	-	31	31	26

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

Revenue Forecast

Revenue	2025	2026	2027
High	1.6B	1.9B	2.2B
Avg	1.5B	1.7B	2.0B
Low	1.4B	1.6B	1.8B

Revenue Growth

Revenue Growth	2025	2026	2027
High	22.6%	23.0%	26.3%
Avg	18.8%	14.3%	14.6%
Low	14.0%	8.0%	5.3%

EPS Forecast

EPS	2025	2026	2027
High	2.08	2.75	3.06
Avg	1.98	2.13	2.53
Low	1.88	1.85	2.14

EPS Growth

EPS Growth	2025	2026	2027
High	252.0%	38.6%	43.1%
Avg	235.8%	7.8%	18.6%
Low	218.9%	-6.5%	0.1%

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.