Elastic (NYSE:ESTC) Stock Price Expected to Rise, Jefferies Financial Group Analyst Says

Key Points

• Jefferies raised Elastic’s price target to $120 from $100 and maintained a “buy” rating, implying 21.47% upside; analysts overall assign the stock a “Moderate Buy” consensus rating with a $92.59 target.
• Elastic exceeded quarterly expectations with EPS of $0.70 versus $0.58 expected and revenue of $478.1 million, up 15.2% year over year. Its fiscal 2027 EPS guidance of $3.29–$3.37 also came in well above consensus.
• Shares jumped 18% to $98.79, while insiders sold 110,099 shares worth about $6.7 million over the past three months; institutional investors own 97.03% of the stock.

Elastic (NYSE:ESTC - Get Free Report) had its target price boosted by investment analysts at Jefferies Financial Group from $100.00 to $120.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage currently has a "buy" rating on the stock. Jefferies Financial Group's price objective indicates a potential upside of 21.47% from the company's current price.

Several other brokerages also recently commented on ESTC. Truist Financial upped their target price on shares of Elastic from $80.00 to $100.00 and gave the company a "buy" rating in a research note on Thursday, August 20th. Barclays increased their target price on Elastic from $68.00 to $94.00 and gave the stock an "overweight" rating in a report on Monday. TD Cowen lifted their price objective on shares of Elastic from $55.00 to $70.00 and gave the company a "hold" rating in a research report on Tuesday. Needham & Company LLC restated a "hold" rating on shares of Elastic in a research note on Friday. Finally, Zacks Research upgraded shares of Elastic from a "strong sell" rating to a "hold" rating in a research report on Friday, June 26th. Seventeen analysts have rated the stock with a Buy rating and thirteen have given a Hold rating to the stock. According to data from MarketBeat, Elastic presently has a consensus rating of "Moderate Buy" and a consensus target price of $92.59.

Elastic Stock Up 18.0%

Shares of Elastic stock traded up $15.05 during trading on Friday, hitting $98.79. 4,279,548 shares of the stock traded hands, compared to its average volume of 2,090,462. Elastic has a twelve month low of $42.05 and a twelve month high of $108.00. The company has a fifty day moving average price of $67.44 and a two-hundred day moving average price of $58.76. The stock has a market cap of $10.27 billion, a P/E ratio of 28.23, a PEG ratio of 19.77 and a beta of 0.98. The company has a debt-to-equity ratio of 0.45, a quick ratio of 1.68 and a current ratio of 1.68.

Elastic (NYSE:ESTC - Get Free Report) last announced its earnings results on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million for the quarter, compared to analyst estimates of $469.75 million. Elastic had a net margin of 21.14% and a negative return on equity of 1.82%. Elastic's revenue was up 15.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.60 earnings per share. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Equities research analysts predict that Elastic will post 0.24 EPS for the current fiscal year.

Insider Activity

In related news, CFO Navam Welihinda sold 12,961 shares of the business's stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total value of $785,566.21. Following the transaction, the chief financial officer directly owned 209,254 shares of the company's stock, valued at approximately $12,682,884.94. The trade was a 5.83% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Carolyn Herzog sold 9,485 shares of the business's stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $574,885.85. Following the completion of the sale, the insider owned 128,439 shares in the company, valued at $7,784,687.79. This represents a 6.88% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 110,099 shares of company stock worth $6,673,100. Company insiders own 12.70% of the company's stock.

Institutional Trading of Elastic

Institutional investors and hedge funds have recently made changes to their positions in the company. Focus Partners Wealth bought a new position in Elastic in the first quarter worth about $494,000. Northwestern Mutual Wealth Management Co. raised its holdings in shares of Elastic by 17.3% during the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company's stock worth $98,000 after purchasing an additional 171 shares during the last quarter. Invesco Ltd. grew its holdings in Elastic by 11.7% during the second quarter. Invesco Ltd. now owns 95,332 shares of the company's stock worth $8,039,000 after acquiring an additional 9,990 shares during the period. EverSource Wealth Advisors LLC boosted its holdings in Elastic by 400.0% during the second quarter. EverSource Wealth Advisors LLC now owns 2,110 shares of the company's stock worth $178,000 after buying an additional 1,688 shares in the last quarter. Finally, Cerity Partners LLC boosted its position in Elastic by 24.7% during the second quarter. Cerity Partners LLC now owns 30,545 shares of the company's stock worth $2,576,000 after purchasing an additional 6,056 shares in the last quarter. 97.03% of the stock is currently owned by institutional investors.

Key Headlines Impacting Elastic

Here are the key news stories impacting Elastic this week:

• Positive Sentiment: Quarterly beat: Elastic reported adjusted EPS of $0.70, exceeding the $0.58 consensus estimate, while revenue rose 15.2% year over year to $478.1 million, ahead of the approximately $469.8 million analyst forecast. Elastic quarterly earnings report
• Positive Sentiment: Raised outlook: Fiscal 2027 EPS guidance of $3.29-$3.37 is substantially above the $2.64 consensus estimate. Second-quarter EPS guidance of $0.80-$0.82 also exceeds expectations of $0.66, while projected revenue of $486-$487 million is above the $483.2 million consensus. The guidance upgrade is a major reason investors are reassessing the company’s growth and profitability outlook. Elastic fiscal 2027 results
• Positive Sentiment: Analyst support: Robert W. Baird raised its price target from $95 to $120 and assigned an “outperform” rating, implying meaningful upside from the current trading level. Rosenblatt Securities also reaffirmed its “buy” rating. Benzinga analyst update
• Neutral Sentiment: DA Davidson increased its price target from $60 to $80 but maintained a “neutral” rating. This reflects improving expectations while signaling that valuation and execution risks remain after the sharp rally. DA Davidson raises Elastic price target
• Negative Sentiment: Quiver Quantitative data shows 14 insider sales and no insider purchases over the past six months. Although these transactions may reflect scheduled or compensation-related selling, the absence of insider buying could temper enthusiasm. The stock also trades near the upper portion of its 52-week range, increasing sensitivity to any future guidance or execution disappointment.

About Elastic

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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