On May 21, 2025, TD Securities analyst Andrew Sherman announced a change in the target price for Elastic (ESTC, Financial), lowering it from the previous price of USD 125.00 to USD 105.00. This adjustment represents a 16% decrease in the price target for the company.
Despite the reduction in the target price, the analyst maintained their current rating of "Hold" on Elastic (ESTC, Financial). The analyst's consistent "Hold" rating suggests a neutral outlook on the company's future stock performance.
Elastic (ESTC, Financial) is a leader in the search and data analytics space, and the market keenly observes any changes in analyst recommendations and target prices. Investors may find these insights crucial for making informed decisions regarding their investments in Elastic (ESTC).
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Elastic NV (ESTC, Financial) is $128.94 with a high estimate of $160.00 and a low estimate of $91.00. The average target implies an upside of 36.92% from the current price of $94.17. More detailed estimate data can be found on the Elastic NV (ESTC) Forecast page.
Based on the consensus recommendation from 28 brokerage firms, Elastic NV's (ESTC, Financial) average brokerage recommendation is currently 1.9, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Elastic NV (ESTC, Financial) in one year is $119.83, suggesting a upside of 27.25% from the current price of $94.17. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Elastic NV (ESTC) Summary page.
