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

Analyst price target for ESTC

Based on 15 analysts offering 12 month price targets for Elastic NV.
Min Forecast
$120.00-25%
Avg Forecast
$176.93+10.59%
Max Forecast
$230.00+43.76%

Should I buy or sell ESTC stock?

Based on 15 analysts offering ratings for Elastic NV.
Strong Buy
Strong Buy
12 analysts 80%
Buy
1 analysts 6.67%
Hold
2 analysts 13.33%
Sell
0 analysts 0%
Strong Sell
0 analysts 0%

ESTC stock forecasts by analyst

Analyst / FirmRatingActionPrice TargetUpside/DownsideDate
Rosenblatt
Top 35%
66
Strong BuyMaintains$185.00+15.63%2021-08-26
Stifel Nicolaus
Top 5%
96
Strong BuyMaintains$200.00+25.01%2021-08-26
Monness, Crespi, Hardt
Top 17%
84
Strong BuyMaintains$230.00+43.76%2021-08-26
RBC Capital
Top 2%
99
BuyMaintains$200.00+25.01%2021-08-26
Barclays
Top 1%
100
Strong BuyMaintains$185.00+15.63%2021-08-26
Piper Sandler
Top 1%
100
Strong BuyMaintains$175.00+9.38%2021-07-09
Summit Insights Group
Top 29%
72
Strong BuyInitiates Coverage On$180.00+12.51%2021-06-21
Jefferies
Top 1%
100
Strong BuyMaintains$150.00-6.24%2021-06-03
Canaccord Genuity
Top 2%
99
Strong BuyMaintains$155.00-3.12%2021-06-03
Citigroup
Top 7%
94
Strong BuyMaintains$175.00+9.38%2021-06-03

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Forecast return on equity

Is ESTC forecast to generate an efficient return?
Company
-32.03%
Industry
-4.26%
Market
60.49%

Forecast return on assets

Is ESTC forecast to generate an efficient return on assets?
Company
-9.6%
Industry
3.45%
Market
16.9%

ESTC earnings per share forecast

What is ESTC's earnings per share in the next 2 years based on estimates from 6 analysts?
Avg 1 year Forecast
-$1.78+9.1%
Avg 2 year Forecast
-$1.59-2.45%

ESTC revenue forecast

What is ESTC's revenue in the next 3 years based on estimates from 7 analysts?
Avg 1 year Forecast
$811.9M+20.69%
Avg 2 year Forecast
$1.0B+50.78%
Avg 3 year Forecast
$1.3B+96.16%
ESTC's revenue is forecast to grow at an exceptional rate of 23.83% per year
Forecast

ESTC revenue growth forecast

How is ESTC forecast to perform vs Software - Application companies and vs the US market?
Company
23.83%
Industry
18.07%
Market
12.2%
ESTC's revenues are forecast to grow faster (23.83% per year) than the US Software - Application industry average (18.07%)
Forecast
ESTC's revenues are forecast to grow faster (23.83% per year) than the US market average (12.2%)
Forecast

Elastic NV Stock Forecast FAQ

Is Elastic NV Stock a good buy in 2021, according to Wall Street analysts?

The consensus among 15 Wall Street analysts covering (NYSE: ESTC) stock is to Strong Buy ESTC stock.

Out of 15 analysts, 12 (80%) are recommending ESTC as a Strong Buy, 1 (6.67%) are recommending ESTC as a Buy, 2 (13.33%) are recommending ESTC as a Hold, 0 (0%) are recommending ESTC as a Sell, and 0 (0%) are recommending ESTC as a Strong Sell.

What is ESTC's earnings growth forecast for 2022-2023?

(NYSE: ESTC) Elastic NV's forecast annual earnings growth rate of N/A is not forecast to beat the US Software - Application industry's average forecast earnings growth rate of 2.82%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 18.84%.

Elastic NV's earnings in 2021 is -$144,922,000.On average, 6 Wall Street analysts forecast ESTC's earnings for 2022 to be $-163,240,471, with the lowest ESTC earnings forecast at $-172,576,104, and the highest ESTC earnings forecast at $-132,185,952.

In 2023, ESTC is forecast to generate $-145,955,322 in earnings, with the lowest earnings forecast at $-167,068,356 and the highest earnings forecast at $-113,826,792.

What is ESTC's revenue growth forecast for 2022-2024?

(NYSE: ESTC) Elastic NV's forecast annual revenue growth rate of 23.83% is forecast to beat the US Software - Application industry's average forecast revenue growth rate of 18.07%, and and it is also forecast to beat the US market's average forecast revenue growth rate of 12.2%.

Elastic NV's revenue in 2021 is $672,714,000.On average, 7 Wall Street analysts forecast ESTC's revenue for 2022 to be $74,526,439,738, with the lowest ESTC revenue forecast at $74,042,492,280, and the highest ESTC revenue forecast at $74,730,960,780. On average, 7 Wall Street analysts forecast ESTC's revenue for 2023 to be $93,110,315,856, with the lowest ESTC revenue forecast at $89,396,441,380, and the highest ESTC revenue forecast at $95,990,868,060.

In 2024, ESTC is forecast to generate $121,133,737,680 in revenue, with the lowest revenue forecast at $120,050,547,240 and the highest revenue forecast at $122,216,928,120.

What is ESTC's forecast return on assets (ROA) for 2022-2024?

(NYSE: ESTC) forecast ROA is N/A, which is lower than the forecast US Software - Application industry average of 4.95%.

What is ESTC's Price Target?

According to 15 Wall Street analysts that have issued a 1 year ESTC price target, the average ESTC price target is $176.93, with the highest ESTC stock price forecast at $230.00 and the lowest ESTC stock price forecast at $120.00.

On average, Wall Street analysts predict that Elastic NV's share price could stay at $176.93 by Aug 26, 2022. The average Elastic NV stock price prediction forecasts a potential downside of N/A from the current ESTC share price of $159.99.

What is ESTC's Earnings Per Share (EPS) forecast for 2022-2023?

(NYSE: ESTC) Elastic NV's current Earnings Per Share (EPS) is -$1.63. On average, analysts forecast that ESTC's EPS will be $-1.78 for 2022, with the lowest EPS forecast at $-1.88, and the highest EPS forecast at $-1.44. In 2023, ESTC's EPS is forecast to hit $-1.59 (min: $-1.82, max: $-1.24).

What is ESTC's forecast return on equity (ROE) for 2022-2024?

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