
Elastic N.V (ESTC) Stock Forecast & Price Target
Elastic N.V (ESTC) Analyst Ratings
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.
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
Start investing in Elastic N.V (ESTC)
Order type
Buy in
Order amount
Est. shares
0 shares