Elastic (ESTC)
NYSE:ESTC

Elastic (ESTC) Stock Forecast & Price Target

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See the Price Targets and Ratings of:

ESTC Analyst Ratings

Moderate Buy
16Ratings
12 Buy
3 Hold
1 Sell
Based on 16 analysts giving stock ratings to
Elastic
in the past 3 months
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers​ in the past 3 months

ESTC Stock 12 Months Forecast

Average Price Target

$82.07
▲(51.53% Upside)
Based on 16 Wall Street analysts offering 12 month price targets for Elastic in the last 3 months. The average price target is $82.07 with a high forecast of $100.00 and a low forecast of $60.00. The average price target represents a 51.53% change from the last price of $54.16.
Highest Price Target$100.00Average Price Target$82.07Lowest Price Target$60.00
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.

Detailed List of Analyst Forecasts​

Analyst Profile
Expert Firm
Price Target
Position
Upside / Downside
Action
Date
Follow
Article
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RBC Capital
$71.00
Buy
31.09%
Upside
Reiterated
Elastic price target lowered to $71 from $85 at RBC CapitalElastic price target lowered to $71 from $85 at RBC Capital
Robert W. Baird
$100.00
Buy
84.64%
Upside
Reiterated
Elastic assumed with an Outperform at BairdElastic assumed with an Outperform at Baird
Wells Fargo
$73.00
Sell
34.79%
Upside
Initiated
Elastic initiated with an Underweight at Wells FargoElastic initiated with an Underweight at Wells Fargo
William Blair
Buy
Reiterated
Goldman Sachs
$92.00
Hold
69.87%
Upside
Reiterated
Analysts' Opinions Are Mixed on These Technology Stocks: National Instruments (NASDAQ: NATI) and Elastic (NYSE: ESTC)
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ESTC Financial Forecast

ESTC Earnings Forecast
Next quarter’s earnings estimate for ESTC is $0.05 with a range of -$0.03 to $0.08. The previous quarter’s EPS was <$0.01. ESTC beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.79% of the time in the same period. In the last calendar year ESTC has Outperformed its overall industry.
Next quarter’s earnings estimate for ESTC is $0.05 with a range of -$0.03 to $0.08. The previous quarter’s EPS was <$0.01. ESTC beat its EPS estimate 100.00% of the time in the past 12 months, while its overall industry beat the EPS estimate 62.79% of the time in the same period. In the last calendar year ESTC has Outperformed its overall industry.
ESTC Sales Forecast
Next quarter’s sales forecast for ESTC is $271.91M with a range of $250.00M to $277.42M. The previous quarter’s sales results were $264.40M. ESTC beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.09% of the time in the same period. In the last calendar year ESTC has Outperformed its overall industry.
Next quarter’s sales forecast for ESTC is $271.91M with a range of $250.00M to $277.42M. The previous quarter’s sales results were $264.40M. ESTC beat its sales estimates 100.00% of the time in past 12 months, while its overall industry beat sales estimates 67.09% of the time in the same period. In the last calendar year ESTC has Outperformed its overall industry.
ESTC Analyst Recommendation Trends
In the current month, ESTC has received 10 Buy ratings 1 Hold ratings, and 0 Sell ratings. The ESTC average analyst price target in the past 3 months is $82.07
In the current month, ESTC has received 10 Buy ratings 1 Hold ratings, and 0 Sell ratings. The ESTC average analyst price target in the past 3 months is $82.07

ESTC Stock Forecast FAQ

What is ESTC’s average 12-month price target, according to analysts?
Based on analyst ratings, Elastic’s 12-month average price target is $82.07.
    What is ESTC’s upside potential, based on the analysts’ average price target?
    Elastic has 51.53% upside potential, based on the analysts’ average price target.
      Can I see which stocks the top-ranking analysts are rating?
      Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
        How can I follow the stock ratings of top Wall Street analysts?
        Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
          Is ESTC a Buy, Sell or Hold?
          Elastic has a conensus rating of Moderate Buy which is based on 12 buy ratings, 3 hold ratings and 1 sell ratings.
            What is Elastic’s price target?
            The average price target for Elastic is $82.07. This is based on 16 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
            The highest analyst price target is $100.00 ,the lowest forecast is $60.00. The average price target represents 51.53% Increase from the current price of $54.16.
              What do analysts say about Elastic?
              Elastic’s analyst rating consensus is a ‘Moderate Buy. This is based on the ratings of 16 Wall Streets Analysts.

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