On June 10, 2025, Elastic (ESTC, Financial) was the subject of new analyst coverage by Keybanc. The analyst, Eric Heath, has initiated coverage of Elastic with a "Sector Weight" rating. This indicates a neutral position where the stock's performance is expected to align with the overall market or the sector's average.
Elastic (ESTC, Financial) is listed on the New York Stock Exchange, although the exchange specifics are not included in this overview. While there is no specific price target set by Keybanc's analyst for Elastic, the "Sector Weight" rating suggests that the stock is anticipated to perform in line with its peers within the sector.
The report does not provide any previous ratings or price targets for comparison, as this marks the initiation of coverage by Keybanc. The assessment remains focused on the current market position of Elastic (ESTC, Financial) as observed on the date of analysis.
Investors and stakeholders of Elastic (ESTC, Financial) should consider this new coverage as part of their broader market assessment strategy, continuing to monitor any future updates or changes in analyst perspectives regarding the stock.
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 $111.89 with a high estimate of $148.00 and a low estimate of $75.00. The average target implies an upside of 30.55% from the current price of $85.71. 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 $111.97, suggesting a upside of 30.64% from the current price of $85.71. 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.
