Elastic (ESTC, Financial) is experiencing a significant surge in pre-earnings options activity, with a volume 9.3 times higher than usual. In the breakdown of options, puts are leading calls by a ratio of 10:7. Current implied volatility indicates that the market is preparing for a potential movement of approximately 10.7%, translating to a price shift of around $9.84, following the forthcoming earnings announcement. Historically, over the last eight quarters, the median stock movement after such announcements has been 14.8%.
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 $127.48 with a high estimate of $160.00 and a low estimate of $91.00. The average target implies an upside of 38.44% from the current price of $92.08. 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 $119.88, suggesting a upside of 30.19% from the current price of $92.08. 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.
