
Elastic N.V (ESTC) Stock Forecast & Price Target
Elastic N.V (ESTC) Analyst Ratings
Bulls say
Elastic is a software company that specializes in AI-search, observability, and security deployments. The company has open-source origins but generates revenue through valuable add-ons, including data orchestration and server scaling techniques. It reported better-than-expected Q1 results with revenues up ~2%, driving 15% organic growth, and beat its Q1 guidance on all metrics, while Cloud revenue grew 20% to $235m. With increasing confidence in sales execution and growing traction in AI solutions, Rosenblatt Securities has moved the target price to $115 and maintained a Buy recommendation.
Bears say
Elastic is a software company that relies heavily on subscription revenue generated from its supplementary products and has a focus on larger, faster-growing accounts. While the company is expected to maintain organic subscription revenue growth in the mid-teens in the near term and expand into new areas such as security and AI, analysts are concerned about slowing ARR growth and the potential for customers to not utilize the new modules as quickly as expected, as well as macroeconomic risks and potential service disruptions. Financially, Elastic has shown strong growth in Q1 and is expected to continue that trend with estimated 15% revenue growth in FY27, but risks include a lack of cash flow to meet obligations and a potential aggressive acquisition-driven growth strategy.
This aggregate rating is based on analysts' research of Elastic N.V and is not a guaranteed prediction by Public.com or investment advice.
Elastic N.V (ESTC) Analyst Forecast & Price Prediction
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