On May 30, 2025, Rosenblatt's analyst Blair Abernethy maintained a "Buy" rating on Elastic (ESTC, Financial). Despite this positive rating, the analyst has adjusted the price target downward from $140.00 to $130.00. This adjustment reflects a 7.14% decrease in the price target.
Elastic (ESTC, Financial) remains a focus for investors given its "Buy" rating, which indicates confidence from Rosenblatt in the company's future performance despite the revised price target.
Investors and market participants are closely watching Elastic (ESTC, Financial) following this update to evaluate its potential growth and how the reduced price target aligns with their investment strategies.
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 $115.85 with a high estimate of $160.00 and a low estimate of $75.00. The average target implies an upside of 25.89% 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.
