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Elastic (ESTC)
NYSE:ESTC
Holding ESTC?
Track your performance easily
See the Price Targets and Ratings of:
ESTC Analyst Ratings
Moderate Buy
14 Buy
9 Hold
0 Sell
TipRanks enables you to focus on the analyst rating consensus of all analysts or only the top performers in the past 3 months
ESTC Stock 12 Month Forecast
Average Price Target
$103.70
▲(34.75% Upside)
| Highest Price Target$160.00 | Average Price Target$103.70 | Lowest Price Target$75.00 |
The highest, average, and lowest price target of all analysts. Click on ‘Top Analysts’ to focus on the best performers.
Detailed List of Analyst Forecasts
Ranks
Any
Analyst Rating
Any
Upside/ Downside
Any
Action
Any
Guggenheim
Initiated
09/10/24
Robert W. Baird
Reiterated
09/04/24
Canaccord Genuity
Reiterated
09/03/24
Monness
Reiterated
08/30/24
Piper Sandler
Assigned
08/30/24
Bank of America Securities
Downgraded
08/30/24
RBC Capital
Assigned
08/30/24
Truist Financial
Reiterated
08/30/24
Wells Fargo
Assigned
08/30/24
Oppenheimer
Reiterated
08/30/24
Stifel Nicolaus
$120→$98
Buy
27.34%
Upside
Reiterated
08/30/24
Elastic price target lowered to $98 from $120 at StifelElastic price target lowered to $98 from $120 at Stifel
Goldman Sachs
$99
Hold
28.64%
Upside
Reiterated
08/30/24
Evaluating Elastic: Balancing Immediate GTM Challenges with Long-Term Growth Potential
Rosenblatt Securities
$136→$120
Buy
55.93%
Upside
Reiterated
08/30/24
Elastic price target lowered to $120 from $136 at RosenblattElastic price target lowered to $120 from $136 at Rosenblatt
Needham
―
Hold
―
Reiterated
08/30/24
Analysts Have Conflicting Sentiments on These Technology Companies: Elastic (NYSE: ESTC) and Marvell (NASDAQ: MRVL)
J.P. Morgan
$100
Buy
29.94%
Upside
Reiterated
08/30/24
Analysts Offer Insights on Technology Companies: Zscaler (NASDAQ: ZS) and Elastic (NYSE: ESTC)
Best Analysts Covering Elastic
Which Analyst Should I Follow If I Want to Buy ESTC and Sell After:
1 Month
xxx
Success Rate
8/13 ratings generated profit
Average Return
+5.75%
assigned a xxx
rating 21 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 1 Month would result in 61.54% of your transactions generating a profit, with an average return of +5.75% per trade.
3 Months
xxx
Success Rate
9/13 ratings generated profit
Average Return
+4.98%
reiterated a xxx
rating 21 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 3 Months would result in 69.23% of your transactions generating a profit, with an average return of +4.98% per trade.
1 Year
Success Rate
12/23 ratings generated profit
Average Return
+20.23%
assigned a buy rating 21 days ago
Copying Matthew Hedberg's trades and holding each position for 1 Year would result in 52.17% of your transactions generating a profit, with an average return of +20.23% per trade.
2 Years
xxx
Success Rate
15/23 ratings generated profit
Average Return
+12.53%
assigned a xxx
rating 21 days ago
Copying xxxxxxxxxxxxxxxxxx
trades and holding each position for 2 Years would result in 65.22% of your transactions generating a profit, with an average return of +12.53% per trade.
The Best Analyst Covering tool allows you to follow the analysts who have the best success rates and average returns on a specific stock. Only analysts that gave a Buy or Sell rating on the stock in the past 12 months are eligible for inclusion in this tool. Follow the analysts of your choice to receive real-time updates when they publish a new rating.
ESTC Analyst Recommendation Trends
Rating
May 24
Jun 24
Jul 24
Aug 24
Sep 24
Strong Buy
0
1
1
4
4
Buy
27
20
22
17
15
Hold
17
8
8
11
12
Sell
0
0
0
0
0
Strong Sell
0
0
0
0
0
total
44
29
31
32
31
Each month's total comprises the sum of three months' worth of ratings.
ESTC Financial Forecast
ESTC Stock Forecast FAQ
What is ESTC’s average 12-month price target, according to analysts?
Based on analyst ratings, Elastic’s 12-month average price target is $103.70.
What is ESTC’s upside potential, based on the analysts’ average price target?
Elastic has 34.75% upside potential, based on the analysts’ average price target.
Can I see which stocks the top-ranking analysts are rating?
Yes, go to the Analysts’ Top Stocks tool to see stocks with a Strong Buy or Strong Sell analyst rating consensus, according to the top performers.
How can I follow the stock ratings of top Wall Street analysts?
Head over to our Expert Center to see a list of the top 100 Wall Street analysts and follow the analysts of your choice. Visit their profiles for more details about their stock ratings and see how they perform on a stock-by-stock basis.
Is ESTC a Buy, Sell or Hold?
Elastic has a consensus rating of Moderate Buy which is based on 14 buy ratings, 9 hold ratings and 0 sell ratings.
What is Elastic’s price target?
The average price target for Elastic is $103.70. This is based on 23 Wall Streets Analysts 12-month price targets, issued in the past 3 months.
The highest analyst price target is $160.00 ,the lowest forecast is $75.00. The average price target represents 34.75% Increase from the current price of $76.96.
The highest analyst price target is $160.00 ,the lowest forecast is $75.00. The average price target represents 34.75% Increase from the current price of $76.96.
What do analysts say about Elastic?
Elastic’s analyst rating consensus is a Moderate Buy. This is based on the ratings of 23 Wall Streets Analysts.
How can I buy shares of ESTC?
Open a brokerage account, see exclusive account opening deals on our Best Online Brokers page.