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Elastic NV has a consensus price target of $103.96 based on the ratings of 27 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, Guggenheim, and Canaccord Genuity on September 20, 2024, September 11, 2024, and September 3, 2024, respectively. With an average price target of $100 between Barclays, Guggenheim, and Canaccord Genuity, there's an implied 29.17% 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 September 20, 2024. The analyst firm set a price target for $90.00 expecting ESTC to rise to within 12 months (a possible 16.25% upside). 59 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 equal-weight rating.
The last upgrade for Elastic NV happened on December 1, 2023 when Wells Fargo raised their price target to $115. Wells Fargo previously had an equal-weight 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 September 20, 2024 so you should expect the next rating to be made available sometime around September 20, 2025.
While ratings are subjective and will change, the latest Elastic (ESTC) rating was a maintained with a price target of $106.00 to $90.00. The current price Elastic (ESTC) is trading at is $77.42, which is out of the analyst’s predicted range.
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