
Elastic N.V (ESTC) Stock Forecast & Price Target
Elastic N.V (ESTC) Analyst Ratings
Bulls say
Elastic's financial performance demonstrates strong growth, with Q1 Cloud Revenue reaching $195.8 million, accounting for 47% of total revenue and reflecting a 24% year-over-year increase. Furthermore, the company reported total Q1 Subscription Revenue of $388.6 million, a 20% year-over-year rise, surpassing both internal estimates and consensus expectations. Additionally, the robust growth in the $100k+ customer segment, coupled with a stable Net Expansion Rate of approximately 112%, underscores the demand for Elastic's offerings and strengthens the positive market outlook for the company's stock.
Bears say
Elastic's financial outlook appears concerning due to a significant decline in Total New ARR, which is projected to decrease by 22% year-over-year, contrasting with a 10% increase previously anticipated for FY25. The company's challenges, including increased competition in the GenAI search market and ongoing go-to-market (GTM) hurdles, raise doubts about sustainable revenue growth and profitability margins, as evidenced by a non-GAAP EBIT margin guidance that falls short of consensus. Additionally, the anticipated slowing of software sales cycles post-COVID may hinder customer adoption rates of new products and modules, further complicating Elastic's growth trajectory.
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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