Elastic (ESTC) Stock Forecast & Price Target

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$96.40

+1.09 (+1.14%)

(As of 03:46 PM ET)

Elastic Consensus Analyst Rating and Stock Price Forecast (2024)

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.

Analysts' Consensus Rating

Moderate Buy
Based on 21 Analyst Ratings

Analysts' Consensus Price Target

$111.26
15.42% Upside

High Forecast	$165.00
Average Forecast	$111.26
Low Forecast	$65.00

Type	Current Forecast 4/20/23 to 4/19/24	1 Month Ago 3/21/23 to 3/20/24	3 Months Ago 1/20/23 to 1/20/24	1 Year Ago 4/20/22 to 4/20/23
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	14 Buy rating(s)	14 Buy rating(s)	13 Buy rating(s)	11 Buy rating(s)
Hold	7 Hold rating(s)	7 Hold rating(s)	7 Hold rating(s)	4 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	1 Sell rating(s)
Consensus Price Target	$111.26	$111.26	$94.61	$76.13
Predicted Upside	15.42% Upside	10.05% Upside	5.14% Upside	24.67% Upside

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ESTC Analyst Ratings 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.

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.

Elastic Stock vs. The Competition

Type	Elastic	Business Services Companies	S&P 500
Consensus Rating Score	2.67	2.63	2.49
Consensus Rating	Moderate Buy	Moderate Buy	Hold
Predicted Upside	15.42% Upside	200.45% Upside	12.09% Upside
News Sentiment Rating	Positive News	Positive News	Positive News

Recent Analyst Ratings and Stock Forecasts

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/4/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$134.00 ➝ $147.00	+38.85%
3/4/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$140.00 ➝ $165.00	+55.85%
3/1/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Outperform ➝ Sector Outperform	$185.00 ➝ $154.00	+33.45%
3/1/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$110.00 ➝ $130.00	+13.07%
3/1/2024	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$105.00 ➝ $136.00	+15.66%
3/1/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$93.00 ➝ $106.00	-8.83%
Get the Latest News and Ratings for ESTC and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Elastic and its competitors with MarketBeat's FREE daily newsletter.
3/1/2024	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$99.00 ➝ $130.00	-2.87%
3/1/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Equal Weight ➝ Equal Weight	$130.00 ➝ $128.00	-4.36%
2/20/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$130.00 ➝ $140.00	+9.65%
12/1/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$87.00 ➝ $98.00	-10.25%
12/1/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight ➝ Overweight	$84.00 ➝ $105.00	-3.54%
12/1/2023	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Neutral ➝ Neutral	$67.00	-36.77%
12/1/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Equal Weight ➝ Overweight	$90.00 ➝ $108.00	+34.46%
10/18/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Hold ➝ Buy	$75.00 ➝ $100.00	+23.97%
10/12/2023	Needham & Company LLC Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold
10/2/2023	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$60.00 ➝ $70.00	-14.19%
9/29/2023	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$85.00 ➝ $90.00	+13.84%
9/29/2023	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$78.00 ➝ $90.00	+13.84%
9/1/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$79.00 ➝ $85.00	+14.45%
8/18/2023	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Market Perform	$65.00	+7.88%
6/26/2023	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Mielczarek Subscribe to MarketBeat All Access for the recommendation accuracy rating	Reiterated Rating	Market Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Friday at 04:03 PM ET.

ESTC Price Target - Frequently Asked Questions

What is Elastic's consensus rating and price target?: According to the issued ratings of 21 analysts in the last year, the consensus rating for Elastic stock is Moderate Buy based on the current 7 hold ratings and 14 buy ratings for ESTC. The average twelve-month price prediction for Elastic is $111.26 with a high price target of $165.00 and a low price target of $65.00. Learn more on ESTC's analyst rating history.
Do Wall Street analysts like Elastic more than its competitors?: Analysts like Elastic more than other Business Services companies. The consensus rating score for Elastic is 2.67 while the average consensus rating score for business services companies is 2.63. Learn more on how ESTC compares to other companies.
Does Elastic's stock price have much upside?: According to analysts, Elastic's stock has a predicted upside of 10.05% based on their 12-month stock forecasts.

What analysts cover Elastic?: Elastic has been rated by Barclays, Citigroup, Oppenheimer, Rosenblatt Securities, Royal Bank of Canada, Scotiabank, Stifel Nicolaus, The Goldman Sachs Group, and Truist Financial in the past 90 days.

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This page (NYSE:ESTC) was last updated on 4/19/2024 by MarketBeat.com Staff

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Elastic (ESTC) Stock Forecast & Price Target

Elastic Consensus Analyst Rating and Stock Price Forecast (2024)

Analysts' Consensus Rating

Analysts' Consensus Price Target

ESTC Analyst Ratings By Month

ESTC Price Targets by Month

Elastic Stock vs. The Competition

Recent Analyst Ratings and Stock Forecasts

ESTC Price Target - Frequently Asked Questions

Stock Ratings Reports and Tools

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