NYSE:ESTC

Elastic Price Target, Predictions & Analyst Ratings

$164.09
-0.20 (-0.12 %)
(As of 09/17/2021 12:00 AM ET)
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Today's Range
$162.33
$166.64
50-Day Range
$138.84
$171.49
52-Week Range
$97.48
$176.49
Volume1.25 million shs
Average Volume834,413 shs
Market Capitalization$15.06 billion
P/E RatioN/A
Dividend YieldN/A
Beta1.08

Elastic (NYSE:ESTC) Price Target and Consensus Rating

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 (0-1.5 = Sell, 1.5-2.5 = Hold, 2.5-3.5 = 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.

Analyst Rating Consensus

Buy
Based on 17 Analyst Ratings

Analyst Price Target Consensus

$179.94

High PT$230.00
Average PT$179.94
Low PT$120.00
TypeCurrent
9/19/20 to 9/19/21
1 Month Ago
8/20/20 to 8/20/21
3 Months Ago
6/21/20 to 6/21/21
1 Year Ago
9/20/19 to 9/19/20
Consensus Rating
Buy
Buy
Buy
Buy
Strong Buy
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
0 Strong Buy rating(s)
Buy
15 Buy rating(s)
16 Buy rating(s)
16 Buy rating(s)
11 Buy rating(s)
Hold
2 Hold rating(s)
2 Hold rating(s)
2 Hold rating(s)
3 Hold rating(s)
Sell
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
0 Sell rating(s)
Consensus Price Target$179.94$170.26$168.42$122.53
Price Target Upside9.66% Upside27.40% Upside27.43% Upside16.39% Upside
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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.

Average Share Price and Price Target 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 (NYSE:ESTC) vs. Its Competitors

TypeElasticBusiness Services CompaniesS&P 500
Consensus Rating Score
2.88
2.64
2.56
Consensus RatingBuyBuyBuy
Price Target Upside44.93% Upside8.38% Upside
News Sentiment RatingNeutral News
Neutral News
Neutral News
MarketBeat
Community Rating
Outperform Votes
255
73.49%
Underperform Votes
92
26.51%
Avg. Outperform Votes
182
63.41%
Avg. Underperform Votes
105
36.59%
Avg. Outperform Votes
829
69.55%
Avg. Underperform Votes
363
30.45%

Elastic (NYSE:ESTC) Analyst Ratings History

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
9/17/2021Barclays
Boost Price TargetOverweight$185.00 ➝ $200.00+21.74%
8/26/2021Rosenblatt Securities
Boost Price TargetBuy$180.00 ➝ $185.00+17.19%
8/26/2021Stifel Nicolaus
Brad Reback
Boost Price TargetBuy ➝ Buy$180.00 ➝ $200.00+32.40%
8/26/2021Oppenheimer
Boost Price TargetOutperform$170.00 ➝ $185.00+17.14%
8/26/2021Monness Crespi & Hardt
Boost Price TargetBuy$212.00 ➝ $230.00+45.63%
8/26/2021Royal Bank of Canada
Boost Price TargetOutperform$194.00 ➝ $200.00+26.64%
7/13/2021Jefferies Financial Group
Brent Thill
Boost Price TargetBuy ➝ Buy$150.00 ➝ $175.00+18.39%
7/9/2021Piper Sandler
Boost Price TargetOverweight$165.00 ➝ $175.00+18.71%
6/20/2021Summit Insights
Initiated CoverageBuy$180.00+25.03%
6/16/2021Sumitomo Mitsui Financial Group
Initiated CoverageOutperform$150.00+11.38%
6/3/2021Canaccord Genuity
Lower Price TargetBuy$175.00 ➝ $155.00+31.33%
5/27/2021Bank of America
Initiated CoverageBuy$145.00+22.89%
2/26/2021Citigroup
Boost Price Target$190.00 ➝ $200.00+48.59%
2/25/2021DA Davidson
Boost Price TargetBuy$150.00 ➝ $184.00+17.42%
1/21/2021The Goldman Sachs Group
Initiated CoverageNeutral$190.00+10.92%
1/20/2021Truist
Initiated CoverageBuy$175.00+3.15%
1/13/2021Smith Barney Citigroup
Boost Price Target$160.00 ➝ $190.00+25.94%
11/17/2020Berenberg Bank
Initiated CoverageBuy
9/24/2020Robert W. Baird
Initiated CoverageNeutral$120.00+14.60%
8/27/2020FBN Securities
Boost Price Target$95.00 ➝ $125.00+12.45%
6/4/2020JPMorgan Chase & Co.
Boost Price TargetNeutral$85.00 ➝ $90.00+8.43%
10/28/2019Piper Jaffray Companies
Initiated CoverageOverweight$93.00+25.78%
4/18/2019KeyCorp
Reiterated RatingBuy$102.00+23.07%
(Data available from 9/19/2016 forward. View 10+ years of historical ratings with our analyst ratings screener.)
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Elastic (NYSE:ESTC) Analyst Ratings Frequently Asked Questions

What is Elastic's consensus rating and price target?

According to the issued ratings of 17 analysts in the last year, the consensus rating for Elastic stock is Buy based on the current 2 hold ratings and 15 buy ratings for ESTC. The average twelve-month price target for Elastic is $179.94 with a high price target of $230.00 and a low price target of $120.00. Learn more on ESTC's analyst rating history

Do Wall Street analysts like Elastic more than its competitors?

Analysts like Elastic stock more than the stock of other Business Services companies. The consensus rating score for Elastic is 2.88 while the average consensus rating score for business services companies is 2.64. Learn more on how ESTC compares to other companies

Do MarketBeat users like Elastic more than its competitors?

MarketBeat users like Elastic stock more than the stock of other Business Services companies. 73.49% of MarketBeat users gave Elastic an outperform vote while business services companies recieve an average of 63.41% outperform votes by MarketBeat users.

Does Elastic's stock price have much upside?

According to analysts, Elastic's stock has a predicted upside of 22.26% based on their 12-month price targets.

What analysts cover Elastic?

This page was last updated on 9/19/2021 by MarketBeat.com Staff
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