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MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
Better Than Oil Stocks (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
The perfect AI stock under $10 (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
Better Than Oil Stocks (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
The perfect AI stock under $10 (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover
S&P 500   5,088.80
DOW   39,131.53
QQQ   436.78
Warren Buffett uses his annual letter to warn about Wall Street and recount Berkshire's successes
Better Than Oil Stocks (Ad)
MarketBeat Week in Review – 2/19 - 2/23
A collection of the insights Warren Buffett offered in his annual letter Saturday
Better Than Oil Stocks (Ad)
West Africa bloc lifts coup sanctions on Niger in a new push for dialogue to resolve tensions
West Africa's ECOWAS bloc says it's lifting sanctions imposed on Niger over last year’s coup in a new push for dialogue
The perfect AI stock under $10 (Ad)
Macron booed by French farmers who blame him for not doing enough to support agriculture
MILAN FASHION PHOTOS: Ferragamo, Dolce&Gabbana conceal and reveal, balance transparency with cover

Elastic (ESTC) Stock Forecast & Price Target

$129.62
+2.06 (+1.61%)
(As of 02/23/2024 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

$96.28
-25.72% Downside
High Forecast$140.00
Average Forecast$96.28
Low Forecast$65.00
TypeCurrent Forecast
2/25/23 to 2/25/24
1 Month Ago
1/26/23 to 1/26/24
3 Months Ago
11/27/22 to 11/27/23
1 Year Ago
2/25/22 to 2/25/23
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)
13 Buy rating(s)
13 Buy rating(s)
10 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$96.28$94.61$81.06$83.07
Predicted Upside-25.72% Downside5.14% Upside15.37% Upside32.50% 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.
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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.
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Elastic Stock vs. The Competition

TypeElasticComputer and Technology CompaniesS&P 500
Consensus Rating Score
2.67
2.57
2.48
Consensus RatingModerate BuyModerate BuyHold
Predicted Upside-25.72% Downside171.31% Upside7.54% Upside
News Sentiment RatingNeutral News
Neutral News
Positive News

Recent Analyst Ratings and Stock Forecasts

DateBrokerageAnalyst NameActionRatingPrice TargetUpside/Downside on Report DateDetails
2/20/2024Truist Financial
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 Boost TargetBuy ➝ Buy$130.00 ➝ $140.00+9.65%
2/20/2024Barclays
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 Boost TargetEqual Weight ➝ Equal Weight$110.00 ➝ $130.00-0.21%
2/15/2024Scotiabank
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 Initiated CoverageSector Outperform
12/4/2023The Goldman Sachs Group
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 Boost TargetNeutral ➝ Neutral$83.00 ➝ $93.00-14.29%
12/1/2023Oppenheimer
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 Boost TargetOutperform ➝ Outperform$95.00 ➝ $110.00+0.74%
12/1/2023JPMorgan Chase & Co.
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 Boost TargetOverweight ➝ Overweight$87.00 ➝ $98.00-10.25%
12/1/2023Piper Sandler
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 Boost TargetOverweight ➝ Overweight$84.00 ➝ $105.00-3.54%
12/1/2023Royal Bank of Canada
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 Boost TargetOutperform ➝ Outperform$87.00 ➝ $107.00+1.34%
12/1/2023Wedbush
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 Reiterated RatingNeutral ➝ Neutral$67.00-36.77%
12/1/2023Rosenblatt Securities
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 Boost TargetBuy ➝ Buy$80.00 ➝ $105.00+30.73%
12/1/2023Wells Fargo & Company
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 UpgradeEqual Weight ➝ Overweight$90.00 ➝ $108.00+34.46%
10/18/2023Jefferies Financial Group
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 UpgradeHold ➝ Buy$75.00 ➝ $100.00+23.97%
10/12/2023Needham & Company LLC
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 Initiated CoverageHold
10/6/2023Stifel Nicolaus
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 Reiterated RatingBuy ➝ Buy$83.00+4.10%
10/2/2023DA Davidson
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 Boost TargetNeutral ➝ Neutral$60.00 ➝ $70.00-14.19%
9/29/2023Robert W. Baird
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 Boost TargetOutperform ➝ Outperform$85.00 ➝ $90.00+13.84%
9/29/2023Bank of America
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 Boost Target$78.00 ➝ $90.00+13.84%
9/1/2023Canaccord Genuity Group
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 Boost TargetBuy ➝ Buy$79.00 ➝ $85.00+14.45%
8/28/2023Citigroup
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 Lower TargetBuy ➝ Buy$90.00 ➝ $87.00+47.56%
8/18/2023TD Cowen
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 Initiated CoverageMarket Perform$65.00+7.88%
6/26/2023William Blair
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K. Mielczarek
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Reiterated RatingMarket Perform

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Sunday at 04:46 AM 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 $96.28 with a high price target of $140.00 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 Computer and Technology companies. The consensus rating score for Elastic is 2.67 while the average consensus rating score for computer and technology companies is 2.57. Learn more on how ESTC compares to other companies.

Is Elastic being upgraded or downgraded by Wall Street analysts?

Over the previous 90 days, Elastic's stock had 1 upgrade and 1 downgrade by analysts.

Does Elastic's stock price have much upside?

According to analysts, Elastic's stock has a predicted upside of 5.03% based on their 12-month stock forecasts.


Stock Ratings Reports and Tools

This page (NYSE:ESTC) was last updated on 2/25/2024 by MarketBeat.com Staff