On June 2, 2025, Canaccord Genuity analyst Kingsley Crane released a new report concerning Elastic (ESTC, Financial). The analyst has maintained a "Buy" rating for the stock. However, the price target has been adjusted downward from $135.00 to $110.00, marking a decrease of 18.52%.
Elastic (ESTC, Financial) continues to be a focal point for investors, as reflected in its maintained "Buy" rating by the analyst. This indicates an anticipated positive long-term performance despite the recent adjustment in the price target.
The decision to lower the price target on Elastic (ESTC, Financial) comes as part of Canaccord Genuity's ongoing analysis of the company's market position and performance metrics. This change aligns with the broader market trends and the company's recent activities.
Investors should take note of these insights as they evaluate their current and future positions in Elastic (ESTC, Financial) stock. Adjustments in price targets are reflective of changing market conditions and expectations.
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 $113.35 with a high estimate of $160.00 and a low estimate of $75.00. The average target implies an upside of 38.34% from the current price of $81.94. 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 $113.63, suggesting a upside of 38.67% from the current price of $81.94. 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.
