Elastic N.V. (ESTC)
NYSE: ESTC · IEX Real-Time Price · USD
104.05
+10.87 (11.67%)
At close: May 31, 2024, 4:00 PM
104.94
+0.89 (0.86%)
After-hours: May 31, 2024, 7:37 PM EDT
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 12.59% from the current stock price of 104.05.
Analyst Consensus: Buy
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 |
|---|---|---|---|---|---|---|---|
| Scotiabank | Scotiabank | Buy Maintains $154 → $135 | Buy | Maintains | $154 → $135 | +29.75% | May 31, 2024 |
| Barclays | Barclays | Hold Maintains $128 → $117 | Hold | Maintains | $128 → $117 | +12.45% | May 31, 2024 |
| Canaccord Genuity | Canaccord Genuity | Strong Buy Maintains $130 → $125 | Strong Buy | Maintains | $130 → $125 | +20.13% | May 31, 2024 |
| Stifel | Stifel | Strong Buy Maintains $130 → $120 | Strong Buy | Maintains | $130 → $120 | +15.33% | May 31, 2024 |
| B of A Securities | B of A Securities | Strong Buy Maintains $150 → $140 | Strong Buy | Maintains | $150 → $140 | +34.55% | May 31, 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
1.43
from 1.20
Increased by 18.83%
Revenue Forecast
| Revenue | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 |
|---|---|---|---|---|---|---|
| High | 1.3B | 1.6B | 2.0B | 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% | 31.0% | 31.1% | 22.9% | 18.9% |
| Avg | 20.4% | 17.6% | 17.3% | 25.2% | 19.4% | 15.5% |
| Low | 15.5% | 10.5% | 7.3% | 18.2% | 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 | 1.43 | 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 | - | 57.9% | 53.9% | 78.4% | 66.8% | 29.1% |
| Avg | - | 18.8% | 31.7% | 51.4% | 62.1% | 25.4% |
| Low | - | -4.1% | 7.6% | 24.3% | 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.