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

OverviewForecast
EarningsDividendOwnership

Analyst price target for ESTC

Based on 16 analysts offering 12 month price targets for Elastic Nv.
Min Forecast
$55.00-0.22%
Avg Forecast
$80.88+46.73%
Max Forecast
$105.00+90.49%

Should I buy or sell ESTC stock?

Based on 18 analysts offering ratings for Elastic Nv.
Buy
Strong Buy
9 analysts 50%
Buy
4 analysts 22.22%
Hold
4 analysts 22.22%
Sell
0 analysts 0%
Strong Sell
1 analysts 5.56%

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
JP Morgan
Bottom 14%
14
Strong BuyMaintains$67.00+21.55%2023-03-03
Wells Fargo
Bottom 18%
18
Strong SellMaintains$55.00-0.22%2023-03-03
Rosenblatt
Bottom 7%
7
Strong BuyMaintains$85.00+54.21%2023-03-03
Citigroup
Top 24%
77
Strong BuyMaintains$75.00+36.07%2023-03-02
Barclays
Top 10%
91
Strong BuyMaintains$70.00+27.00%2023-02-15Find out why
Goldman Sachs
Top 26%
75
HoldMaintains$64.00+16.11%2023-01-25
Canaccord Genuity
Bottom 7%
7
Strong BuyMaintains$70.00+27.00%2023-01-18
Wedbush
Top 34%
67
HoldInitiates Coverage On$67.00+21.55%2022-12-15
Citigroup
Bottom 15%
15
Strong BuyMaintains$90.00+63.28%2022-12-06
RBC Capital
Bottom 2%
2
BuyMaintains$71.00+28.81%2022-12-01

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Forecast return on equity

Is ESTC forecast to generate an efficient return?
Company
-34.34%
Industry
6.87%
Market
51.53%
ESTC's Return on Equity is... subscribe to Premium to read more.
Forecast High Return on Equity Forecast

Forecast return on assets

Is ESTC forecast to generate an efficient return on assets?
Company
-8.12%
Industry
3.47%
ESTC is forecast to generate... subscribe to Premium to read more.
Forecast Return on Assets vs Industry Forecast

ESTC earnings per share forecast

What is ESTC's earnings per share in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
-$1.92
Avg 2 year Forecast
-$1.37

ESTC revenue forecast

What is ESTC's revenue in the next 2 years based on estimates from 7 analysts?
Avg 1 year Forecast
$1.1B+5.39%
Avg 2 year Forecast
$1.4B+36.71%
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
5.39%
Industry
16.31%
Market
25.31%
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$55.12$80.88+46.73%Buy
APP$14.17$26.67+88.19%Buy
WK$98.40$92.20-6.30%Buy
DUOL$136.51$112.00-17.95%Buy
GTLB$33.74$59.00+74.87%Strong Buy
View Top App Stocks

Elastic Nv Stock Forecast FAQ

Is Elastic Nv Stock a good buy in 2023, according to Wall Street analysts?

The consensus among 18 Wall Street analysts covering (NYSE: ESTC) stock is to Buy ESTC stock.

Out of 18 analysts, 9 (50%) are recommending ESTC as a Strong Buy, 4 (22.22%) are recommending ESTC as a Buy, 4 (22.22%) are recommending ESTC as a Hold, 0 (0%) are recommending ESTC as a Sell, and 1 (5.56%) 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 earnings growth forecast for 2023-2024?

(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 220.74%, and while it is not forecast to beat the US market's average forecast earnings growth rate of 77.86%.

Elastic Nv's earnings in 2023 is -$255,040,000.On average, 7 Wall Street analysts forecast ESTC's earnings for 2023 to be -$185,265,325, with the lowest ESTC earnings forecast at -$189,125,020, and the highest ESTC earnings forecast at -$181,405,631.

In 2024, ESTC is forecast to generate -$132,194,529 in earnings, with the lowest earnings forecast at -$165,966,854 and the highest earnings forecast at -$56,930,491.

What is ESTC's revenue growth forecast for 2023-2024?

(NYSE: ESTC) Elastic Nv's forecast annual revenue growth rate of 5.39% is not forecast to beat the US Software - Application industry's average forecast revenue growth rate of 16.31%, and while it is not forecast to beat the US market's average forecast revenue growth rate of 25.31%.

Elastic Nv's revenue in 2023 is $1,028,403,000.On average, 7 Wall Street analysts forecast ESTC's revenue for 2023 to be $104,581,407,780, with the lowest ESTC revenue forecast at $104,366,133,331, and the highest ESTC revenue forecast at $104,790,699,702.

In 2024, ESTC is forecast to generate $135,664,104,771 in revenue, with the lowest revenue forecast at $128,133,165,784 and the highest revenue forecast at $143,175,359,317.

What is ESTC's forecast return on assets (ROA) for 2023-2024?

(NYSE: ESTC) forecast ROA is -8.12%, which is lower than the forecast US Software - Application industry average of 3.47%.

What is ESTC's Price Target?

According to 16 Wall Street analysts that have issued a 1 year ESTC price target, the average ESTC price target is $80.88, with the highest ESTC stock price forecast at $105.00 and the lowest ESTC stock price forecast at $55.00.

On average, Wall Street analysts predict that Elastic Nv's share price could reach $80.88 by Mar 3, 2024. The average Elastic Nv stock price prediction forecasts a potential upside of 46.73% from the current ESTC share price of $55.12.

What is ESTC's Earnings Per Share (EPS) forecast for 2023-2024?

(NYSE: ESTC) Elastic Nv's current Earnings Per Share (EPS) is -$2.70. On average, analysts forecast that ESTC's EPS will be -$1.92 for 2023, with the lowest EPS forecast at -$1.96, and the highest EPS forecast at -$1.88. In 2024, ESTC's EPS is forecast to hit -$1.37 (min: -$1.72, max: -$0.59).

What is ESTC's forecast return on equity (ROE) for 2023-2024?

(NYSE: ESTC) forecast ROE is -34.34%, which is considered weak.
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