
Elastic N.V (ESTC) Stock Forecast & Price Target
Elastic N.V (ESTC) Analyst Ratings
Bulls say
Elastic demonstrated robust financial performance in Q3, with subscription revenue increasing by 16% year-over-year to $358 million, exceeding both internal estimates and market consensus. The company's total revenue also saw a significant growth of 17% year-over-year, reaching $382.1 million and surpassing expectations by approximately 4%. Additionally, Elastic's Cloud revenue, which constituted 47% of total revenue, grew by 26% year-over-year, reflecting strong demand for its AI-search and observability solutions.
Bears say
Elastic faces several fundamental challenges that contribute to a negative outlook on its stock. The company may experience a weakening of Annual Recurring Revenue (ARR) growth as the post-COVID environment alters software sales cycles, compounded by delays in expanding its direct sales force and uncertainties surrounding customer adoption of new product modules. Additionally, Elastic is contending with macroeconomic fluctuations, foreign exchange headwinds, and increased competition, all of which pose risks to its revenue stability and cash flow generation, further complicating its future growth trajectory.
This aggregate rating is based on analysts' research of Elastic N.V and is not a guaranteed prediction by Public.com or investment advice.
Elastic N.V (ESTC) Analyst Forecast & Price Prediction
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