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Elastic (ESTC) Stock Price & Analysis

2,568 Followers

ESTC Stock Chart & Stats

$88.15-$0.91(-1.02%)
At close: 4:00 PM EST
$80$90$100Aug 17Aug 31Sep 14Sep 28Oct 12Oct 26Nov 9
Day’s Range
$86.73 - $90.53
52-Week Range
$42.05 - $108.00
Previous Close
$89.06
Volume
N/A
Average Volume (3M)
1.82M
Market Cap
$9.25B
Enterprise Value
$6.02B
Total Cash (Recent Filing)
$1.46B
Total Debt (Recent Filing)
$595.77M
Price to Earnings (P/E)
24.5
Beta
1.64
Next Earnings
Nov 19, 2026 (Est.)
EPS Estimate
0.81
Next Dividend Ex-Date
N/A
Dividend Yield
N/A

Bulls Say, Bears Say

Bulls Say

Recurring Growth And Backlog

Elastic’s subscription-led model is supported by strong contract visibility, with CRPO and RPO growing faster than revenue. This backlog provides a durable base for future sales, supports planning confidence, and can help sustain growth over the next several quarters.

Improving Cash Generation

Materially higher operating and free cash flow indicate that Elastic’s improving profitability is converting into liquidity. Stronger internal cash generation can fund product investment, support strategic flexibility, and reduce reliance on external financing as the business scales.

AI Adoption And Enterprise Expansion

Rising AI adoption among large customers strengthens Elastic’s strategic relevance as enterprises connect trusted data to AI applications. Expansion within high-value accounts can deepen customer relationships, increase cross-sell potential, and support recurring revenue durability.

Bears Say

Operating Profitability Not Yet Durable

Positive net income and EBITDA have not yet translated into consistently positive EBIT, leaving uncertainty about the durability of the underlying cost structure. Until operating profit stabilizes, future earnings remain more exposed to spending discipline and execution.

Growth Is Decelerating

Elastic has delivered substantial multi-year expansion, but slower recent growth could make it harder to sustain operating leverage and justify continued investment levels. A decelerating top line also increases dependence on successful AI adoption, cross-selling, and cloud execution.

Debt Trajectory Remains Uneven

Current leverage is low, but the pronounced movement in reported debt introduces uncertainty about the consistency of Elastic’s financing profile. If debt changes reflect refinancing or classification effects, monitoring will remain important for assessing liquidity and capital allocation flexibility.

Elastic News

ESTC FAQ

What was Elastic’s price range in the past 12 months?
Elastic lowest stock price was $42.05 and its highest was $108.00 in the past 12 months.
What is Elastic’s market cap?
Elastic’s market cap is $9.25B.
When is Elastic’s upcoming earnings report date?
Elastic’s next earnings report is estimated for Nov 19, 2026 (not yet confirmed), which is in 5 days.
How were Elastic’s earnings last quarter?
Elastic released its earnings results on Aug 27, 2026. The company reported $0.7 earnings per share for the quarter, beating the consensus estimate of $0.584 by $0.116.
Is Elastic overvalued?
According to Wall Street analysts Elastic’s price is currently Undervalued.
Does Elastic pay dividends?
Elastic does not currently pay dividends.
What is Elastic’s EPS estimate?
Elastic’s EPS estimate is 0.81.
How many shares outstanding does Elastic have?
Elastic has 105,980,170 shares outstanding.
What happened to Elastic’s price movement after its last earnings report?
Elastic reported an EPS of $0.7 in its last earnings report, beating expectations of $0.584. Following the earnings report the stock price went up 19.31%.
Which hedge fund is a major shareholder of Elastic?
Hedge funds hold Elastic shares: the largest hedge-fund position in Elastic is 71,887,518 shares, and hedge funds decreased their holdings by 702.2K shares last quarter.
What is the TipRanks Smart Score and how is it calculated?
Smart Score combines eight research factors - such as analyst recommendations, hedge fund trends, and technical indicators - to measure a stock’s outlook. These signals are unified into a single score that reflects bullish or bearish momentum. See detailed methodology