Elastic N.V. (ESTC) Price Target Analysis
Updated Jul 2, 2026
Analyst Rating: Buy
Based on 34 analysts5.8% Below Target
ESTC trades 5.8% below Wall Street's consensus target of $62.88.
Current Price$59.46
Average Target$62.88
Target
Current
Low$49.00
Median$59.50
High$85.00
Analyst Target Range
Forward P/E23.5x
(Fair)
PEG Ratio—
Implied Growth-27.6%
(Declining)
Analyst Spread57.3%
(Moderate)
Price Forecast (1 Year)
Last 12 months price action with 12-month analyst target path
Consensus Scenario Assumptions
The base valuation assumes ESTC achieves its forward estimates and maintains a stable P/E multiple of 23.5x. This scenario reflects the blended consensus of 34 Wall Street analysts, balancing both positive catalysts and macroeconomic headwinds over the next 12 months.
ESTC Price Target Analysis
Updated July 8, 2026As of July 8, 2026, Elastic N.V. (ESTC) has a Wall Street consensus price target of $62.88, based on estimates from 34 covering analysts. With the stock currently trading at $59.46, this represents a potential upside of +5.8%. The company has a market capitalization of $6.15B.
Analyst price targets range from a low of $49.00 to a high of $85.00, representing a 57% spread in expectations. The median target of $59.50 differs from the mean, suggesting potential outlier estimates. The wide target spread reflects significant disagreement on fair value.
The current analyst consensus rating is Buy, with 23 analysts rating the stock as a Buy or Strong Buy,11 rating it Hold, and 0 rating it Sell or Strong Sell. The positive sentiment balance indicates moderate optimism about the stock prospects.
From a valuation perspective, ESTC trades at a trailing P/E of 17.3x and forward P/E of 23.5x. Analysts expect EPS to grow -27.6% over the next year.
Our proprietary valuation model, which blends historical multiples with forward estimates, suggests a base-case price target of $52.71, with bear and bull scenarios of $33.21 and $69.45 respectively. Model confidence stands at 71/100, indicating high predictability in the company's fundamentals.
Investment Context: Price targets represent analyst expectations for the next 12 months and should be considered alongside your own research. Targets are based on analysts' assumptions about earnings growth, margins, and market conditions which may change. For sector-specific context, view other Technology stocks.
Analyst Sentiment Comparison
Industry Peer AnalysisAvg Peer Upside
+11.0%
Industry Consensus
Avg Forward P/E
51.1x
(High Premium)
Peers with Coverage
10 / 10
Active Analyst Tracking
| Company | Market Cap | Price | Target | Upside Potential | Rating | Fwd P/E | Analysts |
|---|---|---|---|---|---|---|---|
 DDOGDatadog, Inc. | $91.4B | $256.81 | $231.21 | -10.0% | Buy | 105.9x | 48 |
 DTDynatrace, Inc. | $13.1B | $45.11 | $46.41 | +2.9% | Buy | 23.2x | 34 |
 MDBMongoDB, Inc. | $29.1B | $361.32 | $408.92 | +13.2% | Buy | 59.0x | 44 |
 CFLTConfluent, Inc. | $10.7B | $30.99 | $31.00 | +0.0% | Hold | 60.6x | 38 |
 GTLBGitLab Inc. | $5.5B | $32.59 | $34.80 | +6.8% | Hold | 40.1x | 30 |
 PDPagerDuty, Inc. | $938M | $10.28 | $11.33 | +10.2% | Hold | 9.1x | 23 |
 AMZNAmazon.com, Inc. | $2.6T | $245.98 | $307.77 | +25.1% | Buy | 27.9x | 94 |
 MSFTMicrosoft Corporation | $2.9T | $388.84 | $551.33 | +41.8% | Buy | 23.1x | 82 |
 GOOGLAlphabet Inc. | $4.4T | $367.03 | $412.64 | +12.4% | Buy | 25.8x | 83 |
 SNOWSnowflake Inc. | $91.1B | $262.74 | $282.29 | +7.4% | Buy | 136.1x | 52 |
ESTC — Frequently Asked Questions
Quick answers to the most common questions about buying ESTC stock.
What is the ESTC stock price target for 2026?
The consensus price target for ESTC is $62.88, close to the current price of $59.46 (5.8% implied move). Based on 34 analyst estimates, the stock appears fairly valued near current levels.
Is ESTC a buy, sell, or hold?
ESTC has a consensus rating of "Buy" based on 34 Wall Street analysts. The rating breakdown is predominantly bullish, with 23 Buy/Strong Buy ratings. The consensus 12-month price target of $62.88 implies 5.8% upside from current levels.
Is ESTC stock overvalued or undervalued?
ESTC trades at a forward P/E of 23.501x, representing a moderate valuation. With analysts targeting $62.88 (5.8% implied move), the stock appears reasonably valued with upside.
How high can ESTC stock go?
The most bullish Wall Street analyst has a price target of $85 for ESTC, while the most conservative target is $49. The consensus of $62.88 represents the median expectation. Our quantitative valuation model projects a bull case target of $69 based on optimistic growth and margin assumptions. These targets typically reflect 12-month expectations.
How many analysts cover ESTC stock?
ESTC is heavily covered by Wall Street, with 34 analysts providing price targets and ratings. Of these, 0 have Strong Buy ratings, 23 have Buy ratings, 11 recommend Hold, and 0 have Sell or Strong Sell ratings. Higher analyst coverage generally indicates greater institutional interest and more reliable consensus estimates.
What is the ESTC stock forecast?
The 12-month ESTC stock forecast based on 34 Wall Street analysts shows a consensus price target of $62.88, with estimates ranging from $49 (bear case) to $85 (bull case). The median consensus rating is "Buy". Our proprietary valuation model produces a base case fair value of $53, with bear/bull scenarios of $33/$69.
What is ESTC's fair value based on fundamentals?
Our quantitative valuation model calculates ESTC's fair value at $53 (base case), with a bear case of $33 and bull case of $69. The model uses discounted cash flow analysis, historical growth rates, and margin mean-reversion to project FY+2 earnings, then applies an appropriate P/E multiple. The model confidence score is 71/100.
What is ESTC's forward P/E ratio?
ESTC trades at a forward P/E ratio of 23.5x based on next-twelve-months earnings estimates compared to a trailing P/E of 17.3x. The higher forward P/E suggests near-term earnings pressure. A forward P/E is useful for comparing valuations when earnings are expected to change significantly.
Should I buy ESTC stock?
ESTC appears fairly valued according to analysts, with a "Buy" rating and minimal upside to the $62.88 target. Consider your investment thesis and risk tolerance. This information is for educational purposes only. Always conduct your own research, consider your financial situation, and consult a financial advisor before making investment decisions.
Why do ESTC price targets vary so much?
ESTC analyst price targets range from $49 to $85, a 57% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $62.88 consensus represents the middle ground. Our model's $33-$69 range provides an independent fundamental perspective.
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