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Elastic (ESTC) Stock Forecast & Price Target

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$103.63 -0.08 (-0.08%)
(As of 12/20/2024 05:31 PM ET)

Elastic - Analysts' Recommendations and Stock Price Forecast (2025)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Sell
0
Hold
6
Buy
19

Based on 25 Wall Street analysts who have issued ratings for Elastic in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 25 analysts, 6 have given a hold rating, 18 have given a buy rating, and 1 has given a strong buy rating for ESTC.

Consensus Price Target

$126.50
22.07% Upside
According to the 25 analysts' twelve-month price targets for Elastic, the average price target is $126.50. The highest price target for ESTC is $150.00, while the lowest price target for ESTC is $80.00. The average price target represents a forecasted upside of 22.07% from the current price of $103.63.
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ESTC Analyst Ratings Over Time

TypeCurrent Forecast
12/22/23 to 12/21/24
1 Month Ago
11/22/23 to 11/21/24
3 Months Ago
9/23/23 to 9/22/24
1 Year Ago
12/22/22 to 12/22/23
Strong Buy
1 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
18 Buy rating(s)
16 Buy rating(s)
14 Buy rating(s)
14 Buy rating(s)
Hold
6 Hold rating(s)
8 Hold rating(s)
9 Hold rating(s)
6 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$126.50$103.43$103.48$90.78
Forecasted Upside22.07% Upside9.37% Upside35.46% Upside-19.56% Downside
Consensus Rating
Moderate Buy
Moderate Buy
Moderate Buy
Moderate Buy

ESTC Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.
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ESTC Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.
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Elastic Stock vs. The Competition

TypeElasticComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.80
2.69
2.51
Consensus RatingModerate BuyModerate BuyModerate Buy
Predicted Upside22.07% Upside265.03% Upside14.53% Upside
News Sentiment Rating
Positive News

See Recent ESTC News
Positive News
Positive News
DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
12/18/2024Wedbush
4 of 5 stars
D. Ives
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DowngradeStrong-Buy ➝ Hold
12/17/2024Morgan Stanley
3 of 5 stars
 Initiated CoverageOverweight$130.00+24.21%
11/25/2024Citigroup
3 of 5 stars
 Boost TargetBuy ➝ Buy$136.00 ➝ $150.00+30.55%
11/25/2024Barclays
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R. Lenschow
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Boost TargetOverweight ➝ Overweight$105.00 ➝ $138.00+23.20%
11/22/2024Baird R W
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S. Kothari
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UpgradeHold ➝ Strong-Buy
11/22/2024DA Davidson
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 Boost TargetNeutral ➝ Neutral$75.00 ➝ $115.00+6.45%
11/22/2024Truist Financial
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 Boost TargetBuy ➝ Buy$105.00 ➝ $135.00+25.01%
11/22/2024Scotiabank
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 Boost TargetSector Outperform ➝ Sector Outperform$92.00 ➝ $135.00+25.01%
11/22/2024Guggenheim
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H. Ma
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Boost TargetBuy ➝ Buy$100.00 ➝ $120.00+11.19%
11/22/2024Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$110.00 ➝ $130.00+19.68%
11/22/2024Jefferies Financial Group
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 Boost TargetBuy ➝ Buy$110.00 ➝ $135.00+25.00%
11/22/2024Piper Sandler
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 Boost TargetOverweight ➝ Overweight$100.00 ➝ $130.00+17.40%
11/22/2024Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$110.00 ➝ $130.00+15.27%
11/22/2024JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$100.00 ➝ $130.00+15.59%
11/22/2024The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$99.00 ➝ $113.00+0.47%
11/22/2024Stifel Nicolaus
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 Boost TargetBuy ➝ Buy$98.00 ➝ $132.00+17.36%
11/22/2024Wells Fargo & Company
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 Boost TargetOverweight ➝ Overweight$100.00 ➝ $135.00+16.44%
11/22/2024Oppenheimer
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 Boost TargetOutperform ➝ Outperform$125.00 ➝ $140.00+48.04%
11/22/2024Needham & Company LLC
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 Reiterated RatingHold
11/22/2024Bank of America
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 Boost TargetNeutral ➝ Neutral$94.00 ➝ $120.00+26.89%
11/22/2024Robert W. Baird
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 UpgradeNeutral ➝ Outperform$95.00 ➝ $135.00+42.75%
11/20/2024Rosenblatt Securities
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 Reiterated RatingBuy ➝ Buy$120.00 ➝ $120.00+35.98%
10/14/2024William Blair
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J. Roberge
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UpgradeMarket Perform ➝ Outperform
8/30/2024UBS Group
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 Lower TargetBuy ➝ Buy$135.00 ➝ $95.00+26.50%
8/30/2024TD Cowen
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 Lower TargetHold ➝ Hold$110.00 ➝ $80.00+5.26%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Saturday at 09:27 PM ET.


ESTC Forecast - Frequently Asked Questions

According to the research reports of 25 Wall Street equities research analysts, the average twelve-month stock price forecast for Elastic is $126.50, with a high forecast of $150.00 and a low forecast of $80.00.

25 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Elastic in the last year. There are currently 6 hold ratings, 18 buy ratings and 1 strong buy rating for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ESTC shares.

According to analysts, Elastic's stock has a predicted upside of 22.07% based on their 12-month stock forecasts.

Over the previous 90 days, Elastic's stock had 6 upgrades and 1 downgrade by analysts.

Analysts like Elastic more than other "computer and technology" companies. The consensus rating score for Elastic is 2.80 while the average consensus rating score for "computer and technology" companies is 2.69. Learn more on how ESTC compares to other companies.


This page (NYSE:ESTC) was last updated on 12/21/2024 by MarketBeat.com Staff
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