
Elastic N.V (ESTC) Stock Forecast & Price Target
Elastic N.V (ESTC) Analyst Ratings
Bulls say
Elastic's Q1 FY26 performance demonstrated significant financial growth, highlighted by a 20% year-over-year increase in total revenue to $415.3 million, surpassing both internal estimates and consensus expectations. The company's Cloud Revenue, which now constitutes 47% of total revenue, reached $195.8 million, marking a robust 24% year-over-year growth. Additionally, the increase in the $100k+ customer count by 13% year-over-year and a stable net retention rate of approximately 112% underscores the company's strong market position and ongoing demand for its software solutions.
Bears say
The analysis indicates a negative outlook for Elastic's stock primarily due to a significant decline in Total New ARR, projected to decrease by 22% year-over-year, coupled with a sharp drop of 60% in Cloud New ARR. This decline is exacerbated by competitive pressures in the GenAI search and observability markets, along with challenges in the company's go-to-market strategies, which may further hinder revenue growth and profit margins. Additionally, while the firm forecasts revenue growth for FY26, it appears cautious and conservative, reflecting ongoing macroeconomic uncertainties that could dampen overall performance.
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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