Elastic N.V. (ESTC)
NYSE: ESTC · IEX Real-Time Price · USD
110.86
+0.20 (0.18%)
May 21, 2024, 10:45 AM EDT - Market open
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 a decrease of -2.31% from the current stock price of 110.86.
Analyst Consensus: Buy
* 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 | Dec '23 | Jan '24 | Feb '24 | Mar '24 | Apr '24 | May '24 |
---|---|---|---|---|---|---|
Strong Buy | 8 | 9 | 9 | 9 | 9 | 9 |
Buy | 7 | 6 | 7 | 7 | 7 | 7 |
Hold | 5 | 6 | 6 | 6 | 6 | 6 |
Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Strong Sell | 0 | 0 | 0 | 0 | 0 | 0 |
Total | 20 | 21 | 22 | 22 | 22 | 22 |
Latest Forecasts
Analyst | Firm | Rating | Rating | Action | Price Target | Upside | Date |
---|---|---|---|---|---|---|---|
Goldman Sachs | Goldman Sachs | Hold Maintains $93 → $106 | Hold | Maintains | $93 → $106 | -4.38% | Mar 4, 2024 |
Citigroup | Citigroup | Strong Buy Maintains $165 → $155 | Strong Buy | Maintains | $165 → $155 | +39.82% | Mar 4, 2024 |
Scotiabank | Scotiabank | Buy Maintains $185 → $154 | Buy | Maintains | $185 → $154 | +38.91% | Mar 1, 2024 |
Oppenheimer | Oppenheimer | Buy Maintains $110 → $130 | Buy | Maintains | $110 → $130 | +17.27% | Mar 1, 2024 |
Rosenblatt | Rosenblatt | Strong Buy Maintains $105 → $136 | Strong Buy | Maintains | $105 → $136 | +22.68% | Mar 1, 2024 |
Financial Forecast
Revenue This Year
1.29B
from 1.07B
Increased by 20.39%
Revenue Next Year
1.51B
from 1.29B
Increased by 17.56%
EPS This Year
1.20
from -2.47
EPS Next Year
1.42
from 1.20
Increased by 18.20%
Revenue Forecast
Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | 1.3B | 1.6B | 2.2B | 2.3B | 2.7B | 3.2B |
Avg | 1.3B | 1.5B | 1.8B | 2.2B | 2.7B | 3.1B |
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% | 29.9% | 22.9% | 18.9% |
Avg | 20.4% | 17.6% | 18.3% | 24.1% | 19.4% | 15.5% |
Low | 15.5% | 10.5% | 7.3% | 17.1% | 14.7% | 11.0% |
EPS Forecast
EPS | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | 1.29 | 1.90 | 2.20 | 3.36 | 4.76 | 5.96 |
Avg | 1.20 | 1.42 | 1.88 | 2.85 | 4.62 | 5.79 |
Low | 1.14 | 1.15 | 1.54 | 2.34 | 4.44 | 5.57 |
EPS Growth
EPS Growth | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
---|---|---|---|---|---|---|
High | - | 58.3% | 55.1% | 78.7% | 66.8% | 29.1% |
Avg | - | 18.2% | 32.5% | 51.6% | 62.1% | 25.4% |
Low | - | -3.8% | 8.4% | 24.6% | 55.7% | 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.