On July 21, 2025, analyst Ittai Kidron from Oppenheimer announced a revision on the price target for Elastic (ESTC, Financial). The price target was lowered from $120.00 to $100.00 USD. Despite the decrease in the price target, the analyst maintained an "Outperform" rating for the stock.
This adjustment represents a 16.67% reduction from the previous price target. The decision to adjust the price target reflects evolving market conditions, though the company continues to uphold a positive outlook for Elastic (ESTC, Financial) given the retained "Outperform" rating.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 25 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 29.42% from the current price of $86.46. More detailed estimate data can be found on the Elastic NV (ESTC) Forecast page.
Based on the consensus recommendation from 29 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 $112.98, suggesting a upside of 30.67% from the current price of $86.46. 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.
