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Elastic NV has a consensus price target of $104.56 based on the ratings of 28 analysts. The high is $160 issued by Citigroup on August 28, 2024. The low is $67 issued by Wedbush on December 1, 2023. The 3 most-recent analyst ratings were released by Barclays on November 15, 2024, October 7, 2024, and September 20, 2024, respectively. With an average price target of $96.67 between Barclays, there's an implied 11.11% upside for Elastic NV from these most-recent analyst ratings.
1calculated from analyst ratings
The latest price target for Elastic (NYSE:ESTC) was reported by Barclays on November 15, 2024. The analyst firm set a price target for $105.00 expecting ESTC to rise to within 12 months (a possible 20.69% upside). 57 analyst firms have reported ratings in the last year.
The latest analyst rating for Elastic (NYSE:ESTC) was provided by Barclays, and Elastic maintained their overweight rating.
The last upgrade for Elastic NV happened on October 14, 2024 when William Blair raised their price target to N/A. William Blair previously had a market perform for Elastic NV.
The last downgrade for Elastic NV happened on August 30, 2024 when B of A Securities changed their price target from $140 to $94 for Elastic NV.
Analysts arrive at stock ratings after doing extensive research, which includes going through public financial statements, talking to executives and customers of Elastic, and listening in to earnings conference calls. Most analysts do this every three months, so you should get 4 ratings per company per firm each year. The last rating for Elastic was filed on November 15, 2024 so you should expect the next rating to be made available sometime around November 15, 2025.
While ratings are subjective and will change, the latest Elastic (ESTC) rating was a maintained with a price target of $95.00 to $105.00. The current price Elastic (ESTC) is trading at is $87.00, which is out of the analyst’s predicted range.
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