Elastic Stock Forecast

Stock Price Forecast

According to 31 analysts polled by S&P Global, Elastic stock has a consensus rating of "Buy" and an average price target of $74.52. The average 1-year stock price forecast is 26.35% higher than the current stock price, while the lowest is $53 (-10.14%) and the highest is $120 (+103.46%).

Price Target: $74.52 (+26.35%)

Analyst Consensus: Buy

Target	Low	Average	Median	High
Price	$53	$74.52	$72	$120
Change	-10.14%	+26.35%	+22.08%	+103.46%

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	Jan '26	Feb '26	Mar '26	Apr '26	May '26	Jun '26
Strong Buy	15	14	13	14	13	13
Buy	5	5	6	5	5	5
Hold	9	9	9	11	11	11
Sell	0	0	0	0	1	1
Strong Sell	0	0	0	0	0	0
Total	29	28	28	30	30	30

Latest Forecasts

Analyst	Firm	Rating	Rating	Action	Price Target	Upside	Date
Koji Ikeda Bank of America Securities	Bank of America Securities	Hold Maintains $70	Hold	Maintains	$70	+18.68%	Jun 8, 2026
Eric Heath KeyBanc	KeyBanc	Hold Maintains n/a	Hold	Maintains	n/a	n/a	Jun 1, 2026
Raimo Lenschow Barclays	Barclays	Buy Reiterates $76 → $68	Buy	Reiterates	$76 → $68	+15.29%	Jun 1, 2026
Tyler Radke Citi	Citi	Buy Reiterates $95 → $104	Buy	Reiterates	$95 → $104	+76.33%	Jun 1, 2026
Jonathan Ho William Blair	William Blair	Buy Maintains n/a	Buy	Maintains	n/a	n/a	May 31, 2026

More Analyst Ratings

Financial Forecast

Revenue This Year

2.00B

from 1.74B

14.70%

from 1.74B

Revenue Next Year

2.28B

from 2.00B

14.26%

from 2.00B

EPS This Year

3.26

from 2.57

26.88%

from 2.57

EPS Next Year

3.85

from 3.26

18.04%

from 3.26

Fiscal Year	FY 2022	FY 2023	FY 2024	FY 2025	FY 2026	FY 2027
Period Ending	Apr 30, 2022	Apr 30, 2023	Apr 30, 2024	Apr 30, 2025	Apr 30, 2026	Apr 30, 2027
Revenue	862.37M	1.07B	1.27B	1.48B	1.74B	2.00B
Revenue Growth	41.72%	23.96%	18.55%	17.04%	17.26%	14.70%
Gross Profit	631.57M	773.21M	938.67M	1.11B	1.32B	1.56B
Gross Margin	73.24%	72.33%	74.07%	74.50%	76.16%	78.11%
Operating Income	-166.05M	-181.90M	-122.54M	-54.02M	-31.72M	376.68M
Net Income	-203.85M	-236.16M	61.72M	-108.11M	367.77M	29.03M
EPS	-	-	-	-	2.57	3.26
EPS Growth	-	-	-	-	25.98%	26.88%
Forward PE	-	84.79	88.34	44.95	17.26	18.09
Free Cash Flow	172.58M	227.55M	308.00M	367.16M	461.71M	420.77M
No. Analysts	-	-	-	-	-	28

EPS and Forward PE are based on non-GAAP adjusted numbers.

Revenue Forecast

Revenue	2027	2028	2029
High	2.1B
Avg	2.0B
Low	2.0B

Revenue Growth

Revenue Growth	2027	2028	2029
High	17.9%
Avg	14.7%
Low	13.7%

EPS Forecast

EPS	2027	2028	2029
High	3.75
Avg	3.26
Low	3.11

EPS Growth

EPS Growth	2027	2028	2029
High	45.9%
Avg	26.9%
Low	20.9%