NYSE:ESTC

Elastic - ESTC Price Target & Analyst Ratings

$56.09

-0.07 (-0.12%)

(As of 03/30/2023 12:00 AM ET)

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Today's Range: $55.73
▼
$57.30
50-Day Range: $50.85
▼
$65.10
52-Week Range: $46.18
▼
$96.12

Volume: 486,635 shs
Average Volume: 1.19 million shs
Market Capitalization: $5.41 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $77.38

Institutional Ownership

Elastic Consensus Rating and Price Target (2023)

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.

Consensus Analyst Rating

Moderate Buy
Based on 17 Analyst Ratings

Consensus Analyst Price Target

$77.38
37.95% Upside

High Prediction	$100.00
Average Prediction	$77.38
Low Prediction	$55.00

Type	Current 3/30/22 to 3/30/23	1 Month Ago 2/28/22 to 2/28/23	3 Months Ago 12/30/21 to 12/30/22	1 Year Ago 3/30/21 to 3/30/22
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	12 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)
Hold	4 Hold rating(s)	4 Hold rating(s)	3 Hold rating(s)	3 Hold rating(s)
Sell	1 Sell rating(s)	1 Sell rating(s)	1 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$77.38	$83.00	$88.60	$150.57
Predicted Upside	37.95% Upside	32.97% Upside	33.80% Upside	28.07% 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	2.65	2.55	2.47
Consensus Rating	Moderate Buy	Buy	Hold
Predicted Upside	37.78% Upside	315.33% Upside	200.53% Upside
News Sentiment Rating	Neutral News	Positive News	Positive News

Historical Target Prices and Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

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Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
3/3/2023	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight	$70.00 ➝ $67.00	+1.87%
3/3/2023	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Underweight	$52.00 ➝ $55.00	-5.84%
3/2/2023	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$90.00 ➝ $75.00	+30.46%
3/1/2023	Rosenblatt Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Buy	$96.00	+66.09%
2/15/2023	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Overweight	$62.00 ➝ $70.00	+12.47%
1/25/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral	$83.00 ➝ $64.00	+16.53%

1/18/2023	Canaccord Genuity Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy	$82.00 ➝ $70.00	+36.37%
1/9/2023	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$85.00 ➝ $75.00	+56.45%
1/5/2023	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$70.00 ➝ $62.00	+22.07%
1/3/2023	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$90.00 ➝ $80.00	+55.34%
12/14/2022	Wedbush Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Neutral	$67.00	+11.54%
11/28/2022	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform	$100.00 ➝ $85.00	+44.36%
10/19/2022	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform	$100.00	+57.68%
9/20/2022	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Hold	$80.00 ➝ $90.00	+7.78%
8/11/2022	Monness Crespi & Hardt Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Buy ➝ Neutral
6/2/2022	Stifel Nicolaus Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target		$125.00 ➝ $100.00	+61.45%
4/25/2022	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Outperform
12/2/2021	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating	Koji Ikeda Subscribe to MarketBeat All Access for the recommendation accuracy rating	Boost Target	Buy	$184.00 ➝ $185.00	+54.10%
11/19/2021	Sumitomo Mitsui Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral
6/20/2021	Summit Insights Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$180.00	+25.03%
2/25/2021	DA Davidson Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$150.00 ➝ $184.00	+17.42%
1/13/2021	Smith Barney Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$160.00 ➝ $190.00	+25.94%
11/17/2020	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy
8/27/2020	FBN Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target		$95.00 ➝ $125.00	+12.45%

(Data available from 3/30/2018 forward. View 10+ years of historical ratings with our analyst ratings screener.)

ESTC Price Target - 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 Moderate Buy based on the current 1 sell rating, 4 hold ratings and 12 buy ratings for ESTC. The average twelve-month price prediction for Elastic is $77.38 with a high price target of $100.00 and a low price target of $55.00. 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 for Elastic is Moderate Buy while the average consensus rating for business services companies is Buy. 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 27.32% based on their 12-month price targets.

What analysts cover Elastic?: Elastic has been rated by Barclays, Canaccord Genuity Group, Citigroup, JPMorgan Chase & Co., Oppenheimer, Piper Sandler, Rosenblatt Securities, The Goldman Sachs Group, Truist Financial, and Wells Fargo & Company in the past 90 days.

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This page (NYSE:ESTC) was last updated on 3/30/2023 by MarketBeat.com Staff

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