
Elastic N.V (ESTC) Stock Forecast & Price Target
Elastic N.V (ESTC) Analyst Ratings
Bulls say
Elastic has demonstrated strong financial performance in Q3, with subscription revenue reaching $358 million, marking a 16% year-over-year increase and surpassing both internal estimates and consensus expectations. The company's Elastic Cloud revenue has shown remarkable growth, rising 26% year-over-year to account for 47% of total revenue, signaling a solid demand for its offerings. Furthermore, the growth of the $100k+ customer cohort by 15% year-over-year, combined with a stable net expansion rate, underscores the firm's solid market positioning and future revenue potential.
Bears say
Elastic faces significant headwinds that could adversely impact its annual recurring revenue (ARR) growth, particularly as software sales cycles may lengthen following the decline of the COVID-19 crisis. The company's financial outlook is further complicated by anticipated revenue challenges stemming from macroeconomic factors, foreign exchange fluctuations, and a difficult year-over-year comparison due to early renewals. Additionally, risks tied to its competitive landscape, the pace of product adoption, and strategic decisions regarding acquisitions contribute to a cautious assessment of its financial stability and growth potential.
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
Start investing in Elastic N.V (ESTC)
Order type
Buy in
Order amount
Est. shares
0 shares