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ESTC

Elastic N.V (ESTC) Stock Forecast & Price Target

Elastic N.V (ESTC) Analyst Ratings

Based on 23 analyst ratings
Buy
Strong Buy 35%
Buy 39%
Hold 26%
Sell 0%
Strong Sell 0%

Bulls say

Elastic has demonstrated strong financial growth, achieving a 14% year-over-year increase in net new customers paying over $100K, culminating in a total of over 1,660 such customers, alongside a notable 30% growth in $1M+ annual contract value (ACV) customers. The company's net retention rate has remained consistently strong at 112% for seven consecutive quarters, while its contracted remaining performance obligations (cRPO) surpassed $1 billion for the first time, reflecting a 19% year-over-year growth, indicating robust long-term customer commitment. Additionally, cloud revenue and sales-led subscription revenue both showed impressive growth rates of over 21% year-over-year, supported by an expanding deal pipeline and increased adoption of AI solutions among large enterprises.

Bears say

The financial outlook for Elastic presents a negative perspective, primarily driven by anticipated sequential declines in total revenue, with fourth-quarter guidance ranging from $371 to $373 million. Furthermore, the company's exposure to a competitive landscape, particularly against rivals like Splunk and Datadog, raises concerns about potential market share erosion and the effectiveness of its go-to-market strategies. Additionally, the forecast reflects margin compression and increased expenses, alongside slower growth in its cloud segment, leading to skepticism among investors regarding future performance.

Elastic N.V (ESTC) has been analyzed by 23 analysts, with a consensus rating of Buy. 35% of analysts recommend a Strong Buy, 39% recommend Buy, 26% suggest Holding, 0% advise Selling, and 0% predict a Strong Sell.

This aggregate rating is based on analysts' research of Elastic N.V and is not a guaranteed prediction by Public.com or investment advice.

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FAQs About Elastic N.V (ESTC) Forecast

Analysts have given Elastic N.V (ESTC) a Buy based on their latest research and market trends.

According to 23 analysts, Elastic N.V (ESTC) has a Buy consensus rating as of Apr 23, 2026. This rating is provided by third-party analysts and is not investment advice from Public.com.

Wall Street analysts have set a price target of $91.78, reflecting a 0.00% increase from the current stock price.

Financial analysts have set a price target of $91.78, indicating a 0.00% increase from the current stock price, but ratings and forecasts are frequently updated based on market conditions, earnings reports, and industry trends. This prediction is provided by third-party analysts and is not investment advice from Public.com.

Elastic N.V (ESTC)


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