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NYSE: ESTC
Elastic Nv Stock Forecast, Predictions & Price Target

Analyst price target for ESTC

Based on 17 analysts offering 12 month price targets for Elastic Nv.
Min Forecast
$67.00-48.35%
Avg Forecast
$109.59-15.51%
Max Forecast
$185.00+42.63%

Should I buy or sell ESTC stock?

Based on 17 analysts offering ratings for Elastic Nv.
Strong Buy
Strong Buy
10 analysts 58.82%
Buy
4 analysts 23.53%
Hold
3 analysts 17.65%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

Be the first to know when Wall Street analysts revise their ESTC stock forecasts and price targets.

ESTC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDateAnalyst Color
lockedlocked$00.00+00.00%2024-02-27
lockedlocked$00.00+00.00%2024-02-20
lockedlocked$00.00+00.00%2024-02-20
lockedlocked$00.00+00.00%2024-02-15
lockedlocked$00.00+00.00%2023-12-04
JP Morgan
Top 15%
86
Strong BuyMaintains$98.00-24.45%2023-12-01
Oppenheimer
Top 4%
97
BuyMaintains$110.00-15.20%2023-12-01
Piper Sandler
Top 1%
100
Strong BuyMaintains$105.00-19.05%2023-12-01Find out why
RBC Capital
Top 1%
100
BuyMaintains$107.00-17.51%2023-12-01
Wedbush
Top 10%
91
HoldReiterates$67.00-48.35%2023-12-01

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Forecast return on equity

Is ESTC forecast to generate an efficient return?
Company
N/A
Industry
0.36%
Market
20.29%

Forecast return on assets

Is ESTC forecast to generate an efficient return on assets?
Company
N/A
Industry
0.23%

ESTC revenue forecast

What is ESTC's revenue in the next 3 years based on estimates from 9 analysts?
Avg 1 year Forecast
$1.3B+7.99%
Avg 2 year Forecast
$1.5B+27.34%
Avg 3 year Forecast
$1.7B+46.82%
ESTC's revenue is forecast to... subscribe to Premium to read more.
Forecast High Revenue Growth Forecast

ESTC revenue growth forecast

How is ESTC forecast to perform vs Software - Application companies and vs the US market?
Company
12.86%
Industry
15.07%
Market
11.16%
ESTC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Industry Forecast
ESTC's revenues are forecast to... subscribe to Premium to read more.
Forecast Revenue Growth vs Market Forecast

ESTC vs App Stocks

TickerPricePrice TargetUp/downsideConsensus
ESTC$129.71$109.59-15.51%Strong Buy
AZPN$190.98$203.67+6.64%Buy
GRAB$3.08$4.05+31.49%Strong Buy
DT$49.41$65.39+32.33%Strong Buy
GTLB$72.20$67.11-7.05%Strong Buy

Elastic Nv Stock Forecast FAQ

Is Elastic Nv Stock a good buy in 2024, according to Wall Street analysts?

The consensus among 17 Wall Street analysts covering (NYSE: ESTC) stock is to Strong Buy ESTC stock.

Out of 17 analysts, 10 (58.82%) are recommending ESTC as a Strong Buy, 4 (23.53%) are recommending ESTC as a Buy, 3 (17.65%) are recommending ESTC as a Hold, 0 (0%) are recommending ESTC as a Sell, and 0 (0%) are recommending ESTC as a Strong Sell.

If you're new to stock investing, here's how to buy Elastic Nv stock.

What is ESTC's revenue growth forecast for 2024-2026?

(NYSE: ESTC) Elastic Nv's forecast annual revenue growth rate of 12.86% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 15.07%, and while it is forecast to beat the US market's average forecast revenue growth rate of 11.16%.

Elastic Nv's revenue in 2024 is $1,158,872,000.On average, 9 Wall Street analysts forecast ESTC's revenue for 2024 to be $124,678,897,891, with the lowest ESTC revenue forecast at $124,443,471,029, and the highest ESTC revenue forecast at $124,906,752,835. On average, 9 Wall Street analysts forecast ESTC's revenue for 2025 to be $147,026,815,188, with the lowest ESTC revenue forecast at $143,816,620,976, and the highest ESTC revenue forecast at $149,744,635,488.

In 2026, ESTC is forecast to generate $169,514,514,070 in revenue, with the lowest revenue forecast at $164,191,057,408 and the highest revenue forecast at $175,718,305,795.

What is ESTC's forecast return on assets (ROA) for 2024-2026?

(NYSE: ESTC) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 0.23%.

What is ESTC's Price Target?

According to 17 Wall Street analysts that have issued a 1 year ESTC price target, the average ESTC price target is $109.59, with the highest ESTC stock price forecast at $185.00 and the lowest ESTC stock price forecast at $67.00.

On average, Wall Street analysts predict that Elastic Nv's share price could fall to $109.59 by Feb 27, 2025. The average Elastic Nv stock price prediction forecasts a potential downside of 15.51% from the current ESTC share price of $129.71.

What is ESTC's forecast return on equity (ROE) for 2024-2026?

(NYSE: ESTC) forecast ROE is N/A, which is considered weak.
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