Wall Street analyst price targets, ratings consensus & upside potential · Updated Feb 28, 2026
Last 12 months price action with 12-month analyst target path
As of March 2, 2026, Elastic N.V. (ESTC) has a Wall Street consensus price target of $104.00, based on estimates from 34 covering analysts. With the stock currently trading at $52.07, this represents a potential upside of +99.7%. The company has a market capitalization of $5.50B.
Analyst price targets range from a low of $76.00 to a high of $134.00, representing a 56% spread in expectations. The median target of $112.50 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 -50.1x and forward P/E of 21.0x. Analysts expect EPS to grow +410.7% over the next year.
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Start ComparisonThe consensus Wall Street price target for ESTC is $104, representing 99.7% upside from the current price of $52.07. With 34 analysts covering the stock, this strong upside suggests significant value not yet reflected in today's share price.
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 $104 implies 99.7% upside from current levels.
ESTC trades at a forward P/E of 20.9563x, representing a moderate valuation. With analysts targeting $104 (99.7% implied move), the stock appears reasonably valued with upside.
The most bullish Wall Street analyst has a price target of $134 for ESTC, while the most conservative target is $76. The consensus of $104 represents the median expectation. These targets typically reflect 12-month expectations.
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.
The 12-month ESTC stock forecast based on 34 Wall Street analysts shows a consensus price target of $104, with estimates ranging from $76 (bear case) to $134 (bull case). The median consensus rating is "Buy".
ESTC trades at a forward P/E ratio of 21.0x based on next-twelve-months earnings estimates. 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.
Wall Street analysts are very optimistic on ESTC, with a "Buy" consensus rating and $104 price target (99.7% upside). 23 of 34 analysts rate it Buy or Strong Buy. 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.
ESTC analyst price targets range from $76 to $134, a 56% wide spread indicating significant analyst disagreement. Differences stem from varying assumptions about revenue growth, profit margins, competitive dynamics, and valuation multiples. The $104 consensus represents the middle ground.