Elastic (ESTC, Financial) has reported a notable revenue increase for the fourth quarter, reaching $388.4 million, surpassing market expectations of $380.4 million. The company also saw an upward trend in its customer base, with the number of customers having an Annual Contract Value (ACV) exceeding $100,000 climbing to over 1,510. This is an improvement from over 1,460 in the previous quarter of fiscal year 2025, and over 1,330 in the same quarter of the previous fiscal year.
The total number of subscription customers also rose slightly to about 21,500, up from approximately 21,350 in the third quarter of fiscal year 2025, and approximately 21,000 in the fourth quarter of fiscal year 2024. Moreover, the Net Expansion Rate was reported at approximately 112%, indicating strong growth momentum.
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 38.52% from the current price of $92.03. 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 30.26% from the current price of $92.03. 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.
