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 108.3, with a low estimate of 65 and a high estimate of 155. The average target predicts an increase of 3.35% from the current stock price of 104.79.

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$65	$108.3	$106	$155
Change	-37.97%	+3.35%	+1.15%	+47.91%

* Price targets were last updated on Mar 4, 2024.

Analyst Ratings

The average analyst rating for Elastic stock from 22 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 '23	Dec '23	Jan '24	Feb '24	Mar '24	Apr '24
Strong Buy	8	8	9	9	9	9
Buy	6	7	6	7	7	7
Hold	6	5	6	6	6	6
Sell	0	0	0	0	0	0
Strong Sell	0	0	0	0	0	0
Total	20	20	21	22	22	22

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Kash Rangan Goldman Sachs	Goldman Sachs	Hold Maintains $93 → $106	Hold	Maintains	$93 → $106	+1.15%	Mar 4, 2024
Tyler Radke Citigroup	Citigroup	Strong Buy Maintains $165 → $155	Strong Buy	Maintains	$165 → $155	+47.91%	Mar 4, 2024
Patrick Colville Scotiabank	Scotiabank	Buy Maintains $185 → $154	Buy	Maintains	$185 → $154	+46.96%	Mar 1, 2024
Ittai Kidron Oppenheimer	Oppenheimer	Buy Maintains $110 → $130	Buy	Maintains	$110 → $130	+24.06%	Mar 1, 2024
Blair Abernethy Rosenblatt	Rosenblatt	Strong Buy Maintains $105 → $136	Strong Buy	Maintains	$105 → $136	+29.78%	Mar 1, 2024

More Analyst Ratings

Financial Forecast

Revenue This Year

1.29B

Increased by 20.39%

from 1.07B

Revenue Next Year

1.51B

Increased by 17.56%

from 1.29B

EPS This Year

1.20

from -2.47

EPS Next Year

1.42

Increased by 18.20%

from 1.20

Year	2019	2020	2021	2022	2023	2024	2025	2026	2027	2028	2029
Revenue	271.65M	427.62M	608.49M	862.37M	1.07B	1.29B	1.51B	1.79B	2.22B	2.62B	3.03B
Revenue Growth	69.85%	57.41%	42.30%	41.72%	23.96%	20.39%	17.56%	18.31%	23.74%	18.24%	15.50%
EPS	-1.86	-2.12	-1.48	-2.20	-2.47	1.20	1.42	1.88	2.94	4.53	5.68
EPS Growth	-	-	-	-	-	-	18.20%	32.51%	56.50%	53.90%	25.45%
No. Analysts	-	-	-	-	-	25	25	20	4	3	3

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

Revenue Forecast

Revenue	2024	2025	2026	2027	2028	2029
High	1.3B	1.6B	2.2B	2.3B	2.7B	3.1B
Avg	1.3B	1.5B	1.8B	2.2B	2.6B	3.0B
Low	1.2B	1.4B	1.6B	2.1B	2.5B	2.9B

Revenue Growth

Revenue Growth	2024	2025	2026	2027	2028	2029
High	24.5%	28.0%	46.5%	28.4%	21.7%	18.9%
Avg	20.4%	17.6%	18.3%	23.7%	18.2%	15.5%
Low	15.5%	10.5%	7.3%	18.0%	13.6%	11.0%

EPS Forecast

EPS	2024	2025	2026	2027	2028	2029
High	1.29	1.90	2.20	3.29	4.66	5.85
Avg	1.20	1.42	1.88	2.94	4.53	5.68
Low	1.14	1.15	1.54	2.59	4.35	5.46

EPS Growth

EPS Growth	2024	2025	2026	2027	2028	2029
High	-	58.3%	55.1%	74.8%	58.4%	29.1%
Avg	-	18.2%	32.5%	56.5%	53.9%	25.5%
Low	-	-3.8%	8.4%	37.6%	47.9%	20.5%

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.