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Elastic

ESTCNYSE
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$112.67
-0.96-0.84%
At Close: -
$112.91
0.240.21%
After Hours: 4:51 PM EDT
15 minutes delayed
Consensus Rating1
Buy
Highest Price Target1
$155.00
Lowest Price Target1
$65.00
Consensus Price Target1
$113.86

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Elastic (NYSE:ESTC) Stock, Analyst Ratings, Price Targets, Forecasts

Elastic NV has a consensus price target of $113.86 based on the ratings of 25 analysts. The high is $155 issued by Citigroup on June 3, 2024. The low is $65 issued by TD Cowen on August 18, 2023. The 3 most-recent analyst ratings were released by Citigroup, Scotiabank, and Barclays on June 3, 2024, May 31, 2024, and May 31, 2024, respectively. With an average price target of $135.67 between Citigroup, Scotiabank, and Barclays, there's an implied 20.15% upside for Elastic NV from these most-recent analyst ratings.

Analyst Trends and Forecast
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Feb
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1
May
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Jun
Buy
Hold
Sell
Strong Sell
Analyst Rating and Forecast
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3.5
Hold
Strong Buy
Buy
Hold
Sell
Strong Sell

Analyst Firms Making Recommendations1

Citigroup
Scotiabank
Barclays
Canaccord Genuity
Stifel

1calculated from analyst ratings

Analyst Ratings for Elastic

Buy NowGet Alert
06/03/2024Buy Now37.28%Citigroup
Tyler Radke
$145 → $155MaintainsBuyGet Alert
05/31/2024Buy Now19.56%Scotiabank
Patrick Colville
$154 → $135MaintainsSector OutperformGet Alert
05/31/2024Buy Now3.62%Barclays
Raimo Lenschow
$128 → $117MaintainsEqual-WeightGet Alert
05/31/2024Buy Now10.71%Canaccord Genuity
Kingsley Crane
$130 → $125MaintainsBuyGet Alert
05/31/2024Buy Now6.28%Stifel
Brad Reback
$130 → $120MaintainsBuyGet Alert
05/31/2024Buy Now23.99%B of A Securities
Wamsi Mohan
$150 → $140MaintainsBuyGet Alert
05/31/2024Buy NowNeedham
Mike Cikos
Reiterates → HoldGet Alert
05/28/2024Buy Now19.56%Baird
Shrenik Kothari
$137 → $135MaintainsOutperformGet Alert
05/24/2024Buy Now10.71%JP Morgan
Pinjalim Bora
$138 → $125MaintainsOverweightGet Alert
05/22/2024Buy Now19.56%UBS
Austin Dietz
→ $135Initiates → BuyGet Alert
03/04/2024Buy Now-6.12%Goldman Sachs
Kash Rangan
$93 → $106MaintainsNeutralGet Alert
03/04/2024Buy Now37.28%Citigroup
Tyler Radke
$165 → $155MaintainsBuyGet Alert
03/01/2024Buy Now36.39%Scotiabank
Patrick Colville
$185 → $154MaintainsSector OutperformGet Alert
03/01/2024Buy Now15.14%Oppenheimer
Ittai Kidron
$110 → $130MaintainsOutperformGet Alert
03/01/2024Buy Now20.45%Rosenblatt
Blair Abernethy
$105 → $136MaintainsBuyGet Alert
03/01/2024Buy Now-6.12%Goldman Sachs
Kash Rangan
$93 → $106MaintainsNeutralGet Alert
03/01/2024Buy Now15.14%Stifel
Brad Reback
$99 → $130MaintainsBuyGet Alert
03/01/2024Buy Now13.36%Barclays
Raimo Lenschow
$130 → $128MaintainsEqual-WeightGet Alert
02/27/2024Buy Now46.13%Citigroup
Tyler Radke
$140 → $165MaintainsBuyGet Alert
02/20/2024Buy Now15.14%Barclays
Raimo Lenschow
$110 → $130MaintainsEqual-WeightGet Alert
02/20/2024Buy Now23.99%Truist Securities
Michael Lewis
$130 → $140MaintainsBuyGet Alert
02/15/2024Buy Now63.85%Scotiabank
Patrick Colville
→ $185Initiates → Sector OutperformGet Alert
01/16/2024Buy Now15.14%Truist Securities
Michael Lewis
$100 → $130MaintainsBuyGet Alert
01/12/2024Buy Now-2.58%Barclays
Raimo Lenschow
$100 → $110DowngradeOverweight → Equal-WeightGet Alert
12/04/2023Buy Now-17.63%Goldman Sachs
Kash Rangan
$83 → $93MaintainsNeutralGet Alert
12/01/2023Buy Now-13.21%JP Morgan
Pinjalim Bora
$87 → $98MaintainsOverweightGet Alert
12/01/2023Buy Now-2.58%Oppenheimer
Ittai Kidron
$95 → $110MaintainsOutperformGet Alert
12/01/2023Buy Now-7.01%Piper Sandler
Rob Owens
$84 → $105MaintainsOverweightGet Alert
12/01/2023Buy Now-5.23%RBC Capital
Matthew Hedberg
$87 → $107MaintainsOutperformGet Alert
12/01/2023Buy Now-40.66%Wedbush
Taz Koujalgi
→ $67ReiteratesNeutral → NeutralGet Alert
12/01/2023Buy Now-7.01%Rosenblatt
Blair Abernethy
$80 → $105MaintainsBuyGet Alert
12/01/2023Buy Now1.85%Wells Fargo
Andrew Nowinski
$70 → $115UpgradeEqual-Weight → OverweightGet Alert
11/13/2023Buy Now-24.72%Truist Securities
Joel Fishbein
$75 → $85MaintainsBuyGet Alert
10/18/2023Buy Now-11.43%Jefferies
Brent Thill
$75 → $100UpgradeHold → BuyGet Alert
10/12/2023Buy NowNeedham
Mike Cikos
Initiates → HoldGet Alert
10/06/2023Buy Now-26.49%Stifel
Brad Reback
→ $83ReiteratesBuy → BuyGet Alert
10/02/2023Buy Now-38%DA Davidson
Andrew Nowinski
$60 → $70MaintainsNeutralGet Alert
09/29/2023Buy Now-20.29%Baird
Shrenik Kothari
$85 → $90MaintainsOutperformGet Alert
09/05/2023Buy Now-26.49%Goldman Sachs
Kash Rangan
$73 → $83MaintainsNeutralGet Alert
09/01/2023Buy Now-25.6%Piper Sandler
Rob Owens
$75 → $84MaintainsOverweightGet Alert
09/01/2023Buy Now-24.72%Canaccord Genuity
Kingsley Crane
$79 → $85MaintainsBuyGet Alert
09/01/2023Buy Now-22.95%RBC Capital
Matthew Hedberg
$84 → $87MaintainsOutperformGet Alert
09/01/2023Buy Now-23.83%Barclays
Raimo Lenschow
$83 → $86MaintainsOverweightGet Alert
09/01/2023Buy Now-38%Wells Fargo
Andrew Nowinski
$67 → $70MaintainsEqual-WeightGet Alert
09/01/2023Buy Now-26.49%Stifel
Brad Reback
$70 → $83MaintainsBuyGet Alert
09/01/2023Buy Now-29.15%Oppenheimer
Ittai Kidron
→ $80ReiteratesOutperform → OutperformGet Alert
09/01/2023Buy Now-29.15%Rosenblatt
Blair Abernethy
→ $80ReiteratesBuy → BuyGet Alert
08/30/2023Buy Now-29.15%Rosenblatt
Blair Abernethy
→ $80ReiteratesBuy → BuyGet Alert
08/28/2023Buy Now-22.95%Citigroup
Tyler Radke
$90 → $87MaintainsBuyGet Alert
08/28/2023Buy Now-30.92%B of A Securities
Wamsi Mohan
$80 → $78MaintainsBuyGet Alert
08/18/2023Buy Now-42.43%TD Cowen
Andrew Sherman
→ $65Initiates → Market PerformGet Alert
07/18/2023Buy Now-25.6%RBC Capital
Matthew Hedberg
→ $84ReiteratesOutperform → OutperformGet Alert
07/18/2023Buy Now-40.66%Wedbush
Taz Koujalgi
→ $67ReiteratesNeutral → NeutralGet Alert
06/26/2023Buy NowWilliam Blair
Kamil Mielczarek
Reinstates → Market PerformGet Alert
06/16/2023Buy Now-46.86%DA Davidson
Andrew Nowinski
→ $60Initiates → NeutralGet Alert
06/06/2023Buy Now-30.03%Canaccord Genuity
Kingsley Crane
$70 → $79MaintainsBuyGet Alert
06/05/2023Buy Now-35.35%Goldman Sachs
Kash Rangan
$64 → $73MaintainsNeutralGet Alert
06/05/2023Buy Now-46.86%Baird
Shrenik Kothari
$76 → $60MaintainsOutperformGet Alert
06/02/2023Buy Now-25.6%RBC Capital
Matthew Hedberg
→ $84ReiteratesOutperform → OutperformGet Alert
06/02/2023Buy Now-38%Stifel
Brad Reback
$60 → $70MaintainsBuyGet Alert
06/02/2023Buy Now-40.66%Wells Fargo
Andrew Nowinski
$55 → $67UpgradeUnderweight → Equal-WeightGet Alert
06/02/2023Buy Now-29.15%Oppenheimer
Ittai Kidron
→ $80ReiteratesOutperform → OutperformGet Alert
06/02/2023Buy Now-29.15%Rosenblatt
Blair Abernethy
$85 → $80MaintainsBuyGet Alert
06/02/2023Buy Now-26.49%Barclays
Raimo Lenschow
$70 → $83MaintainsOverweightGet Alert
06/01/2023Buy Now-18.52%Citigroup
Josh Wolfson
$75 → $92MaintainsBuyGet Alert
05/31/2023Buy Now-25.6%RBC Capital
Matthew Hedberg
$71 → $84MaintainsOutperformGet Alert
05/31/2023Buy Now-24.72%Rosenblatt
Blair Abernethy
→ $85ReiteratesBuy → BuyGet Alert
04/13/2023Buy Now-37.12%RBC Capital
Matthew Hedberg
→ $71Reiterates → OutperformGet Alert
03/03/2023Buy Now-40.66%JP Morgan
Pinjalim Bora
$70 → $67MaintainsOverweightGet Alert
03/03/2023Buy Now-51.29%Wells Fargo
Andrew Nowinski
$52 → $55MaintainsUnderweightGet Alert
03/03/2023Buy Now-24.72%Rosenblatt
Blair Abernethy
$96 → $85MaintainsBuyGet Alert
03/02/2023Buy Now-33.58%Citigroup
Josh Wolfson
$90 → $75MaintainsBuyGet Alert
03/01/2023Buy Now-14.98%Rosenblatt
Blair Abernethy
→ $96Reiterates → BuyGet Alert
02/28/2023Buy Now-32.69%Baird
Shrenik Kothari
$100 → $76MaintainsOutperformGet Alert
02/15/2023Buy Now-38%Barclays
Raimo Lenschow
$62 → $70MaintainsOverweightGet Alert
01/25/2023Buy Now-43.32%Goldman Sachs
Kash Rangan
$83 → $64MaintainsNeutralGet Alert
01/18/2023Buy Now-38%Canaccord Genuity
Kingsley Crane
$82 → $70MaintainsBuyGet Alert
01/10/2023Buy Now-45.09%Barclays
Raimo Lenschow
$77 → $62MaintainsOverweightGet Alert
12/15/2022Buy Now-40.66%Wedbush
Taz Koujalgi
→ $67Initiates → NeutralGet Alert
12/06/2022Buy Now-20.29%Citigroup
Tyler Radke
$136 → $90MaintainsBuyGet Alert
12/02/2022Buy Now-46.86%Stifel
Brad Reback
→ $60MaintainsBuyGet Alert
12/01/2022Buy Now-37.12%RBC Capital
Matthew Hedberg
$85 → $71MaintainsOutperformGet Alert
12/01/2022Buy Now-20.29%Oppenheimer
Ittai Kidron
$110 → $90MaintainsOutperformGet Alert
11/28/2022Buy Now-24.72%RBC Capital
Matthew Hedberg
$100 → $85MaintainsOutperformGet Alert
11/18/2022Buy Now-29.15%Barclays
Raimo Lenschow
$85 → $80MaintainsOverweightGet Alert
10/19/2022Buy Now-11.43%Baird
Shrenik Kothari
→ $100Assumes → OutperformGet Alert
10/18/2022Buy Now-24.72%Barclays
Raimo Lenschow
$105 → $85MaintainsOverweightGet Alert
10/11/2022Buy Now-35.35%Wells Fargo
Andrew Nowinski
→ $73Initiates → UnderweightGet Alert
09/20/2022Buy Now-20.29%Jefferies
Brent Thill
$80 → $90MaintainsHoldGet Alert
08/26/2022Buy Now-15.86%Piper Sandler
Rob Owens
$85 → $95MaintainsOverweightGet Alert
08/22/2022Buy Now32.85%Citigroup
Tyler Radke
$125 → $150MaintainsBuyGet Alert
08/16/2022Buy Now-7.01%Barclays
Raimo Lenschow
$90 → $105MaintainsOverweightGet Alert
08/11/2022Buy NowMonness, Crespi, Hardt
Brian White
DowngradeBuy → NeutralGet Alert
07/20/2022Buy Now-20.29%Barclays
Raimo Lenschow
$80 → $90MaintainsOverweightGet Alert
07/18/2022Buy Now-7.01%Truist Securities
Joel Fishbein
$110 → $105MaintainsBuyGet Alert
07/07/2022Buy Now-11.43%Canaccord Genuity
Kingsley Crane
→ $100Initiates → BuyGet Alert
06/02/2022Buy Now10.71%Citigroup
Tyler Radke
$97 → $125MaintainsBuyGet Alert
06/02/2022Buy Now-11.43%Stifel
Brad Reback
$125 → $100MaintainsBuyGet Alert
06/02/2022Buy Now-24.72%Piper Sandler
Rob Owens
$155 → $85MaintainsOverweightGet Alert
05/31/2022Buy Now-2.58%RBC Capital
Matthew Hedberg
$133 → $110MaintainsOutperformGet Alert

FAQ

Q

What is the target price for Elastic (ESTC) stock?

A

The latest price target for Elastic (NYSE:ESTC) was reported by Citigroup on June 3, 2024. The analyst firm set a price target for $155.00 expecting ESTC to rise to within 12 months (a possible 37.28% upside). 51 analyst firms have reported ratings in the last year.

Q

What is the most recent analyst rating for Elastic (ESTC)?

A

The latest analyst rating for Elastic (NYSE:ESTC) was provided by Citigroup, and Elastic maintained their buy rating.

Q

When was the last upgrade for Elastic (ESTC)?

A

The last upgrade for Elastic NV happened on December 1, 2023 when Wells Fargo raised their price target to $115. Wells Fargo previously had an equal-weight for Elastic NV.

Q

When was the last downgrade for Elastic (ESTC)?

A

The last downgrade for Elastic NV happened on January 12, 2024 when Barclays changed their price target from $100 to $110 for Elastic NV.

Q

When is the next analyst rating going to be posted or updated for Elastic (ESTC)?

A

Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Elastic, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Elastic was filed on June 3, 2024 so you should expect the next rating to be made available sometime around June 3, 2025.

Q

Is the Analyst Rating Elastic (ESTC) correct?

A

While ratings are subjective and will change, the latest Elastic (ESTC) rating was a maintained with a price target of $145.00 to $155.00. The current price Elastic (ESTC) is trading at is $112.91, which is out of the analyst’s predicted range.

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