Elastic (NYSE:ESTC) Price Target Raised to $118.00

Posted by Geri Gentry on Aug 31st, 2026

Elastic (NYSE:ESTC – Free Report) had its price target upped by Oppenheimer from $100.00 to $118.00 in a report issued on Friday,Benzinga reports. Oppenheimer currently has an outperform rating on the stock.

ESTC has been the subject of several other reports. DA Davidson upped their price target on shares of Elastic from $60.00 to $80.00 and gave the stock a “neutral” rating in a report on Wednesday, August 26th. Scotiabank cut their price objective on Elastic from $61.00 to $58.00 and set a “sector perform” rating on the stock in a report on Friday, May 29th. Weiss Ratings upgraded Elastic from a “sell (d+)” rating to a “hold (c-)” rating in a research report on Wednesday, July 15th. Barclays upped their target price on Elastic from $68.00 to $94.00 and gave the stock an “overweight” rating in a report on Monday, August 24th. Finally, Wolfe Research set a $55.00 target price on Elastic in a research report on Friday, May 29th. Fifteen research analysts have rated the stock with a Buy rating and fourteen have issued a Hold rating to the stock. According to MarketBeat, Elastic presently has an average rating of “Moderate Buy” and a consensus target price of $94.12.

View Our Latest Stock Report on Elastic

Elastic Trading Down 0.2%

Shares of Elastic stock opened at $99.75 on Friday. The firm has a market capitalization of $10.37 billion, a PE ratio of 27.94, a price-to-earnings-growth ratio of 23.93 and a beta of 0.98. The company has a current ratio of 1.68, a quick ratio of 1.68 and a debt-to-equity ratio of 0.45. The firm’s 50 day moving average is $68.25 and its 200 day moving average is $59.03. Elastic has a 1 year low of $42.05 and a 1 year high of $108.00.

Elastic (NYSE:ESTC – Get Free Report) last released its quarterly earnings data on Thursday, August 27th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.58 by $0.12. The business had revenue of $478.11 million during the quarter, compared to analysts’ expectations of $469.75 million. Elastic had a net margin of 20.84% and a negative return on equity of 0.38%. The firm’s quarterly revenue was up 15.2% compared to the same quarter last year. During the same period in the prior year, the company earned $0.60 EPS. Elastic has set its FY 2027 guidance at 3.290-3.370 EPS and its Q2 2027 guidance at 0.800-0.820 EPS. Equities research analysts forecast that Elastic will post 0.25 earnings per share for the current fiscal year.

Insider Transactions at Elastic

In other news, insider Ken Exner sold 18,449 shares of the firm’s stock in a transaction on Tuesday, June 9th. The shares were sold at an average price of $60.61, for a total transaction of $1,118,193.89. Following the completion of the transaction, the insider owned 360,037 shares of the company’s stock, valued at approximately $21,821,842.57. This trade represents a 4.87% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Ashutosh Kulkarni sold 40,373 shares of Elastic stock in a transaction on Tuesday, June 9th. The stock was sold at an average price of $60.61, for a total transaction of $2,447,007.53. Following the transaction, the chief executive officer owned 628,752 shares in the company, valued at approximately $38,108,658.72. This trade represents a 6.03% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 110,099 shares of company stock worth $6,673,100. 12.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of ESTC. Orion Porfolio Solutions LLC lifted its stake in shares of Elastic by 1.4% in the third quarter. Orion Porfolio Solutions LLC now owns 8,593 shares of the company’s stock worth $726,000 after acquiring an additional 118 shares during the period. Northwestern Mutual Wealth Management Co. boosted its holdings in Elastic by 17.3% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 1,159 shares of the company’s stock valued at $98,000 after acquiring an additional 171 shares during the last quarter. Public Employees Retirement System of Ohio increased its position in Elastic by 0.6% during the 3rd quarter. Public Employees Retirement System of Ohio now owns 28,323 shares of the company’s stock valued at $2,393,000 after purchasing an additional 175 shares during the period. California State Teachers Retirement System increased its position in Elastic by 0.3% during the 2nd quarter. California State Teachers Retirement System now owns 83,403 shares of the company’s stock valued at $7,033,000 after purchasing an additional 219 shares during the period. Finally, 180 Wealth Advisors LLC raised its holdings in Elastic by 4.6% during the 2nd quarter. 180 Wealth Advisors LLC now owns 6,027 shares of the company’s stock worth $344,000 after purchasing an additional 263 shares during the last quarter. 97.03% of the stock is owned by institutional investors and hedge funds.

Elastic News Roundup

Here are the key news stories impacting Elastic this week:

Positive Sentiment: Quarterly beat and raised outlook: Elastic reported adjusted EPS of $0.70 versus the consensus estimate of $0.58, while revenue reached approximately $478.1 million, up about 15% year over year and ahead of most estimates. Management guided fiscal Q2 EPS to $0.80-$0.82, compared with the $0.66 consensus, and raised fiscal 2027 EPS guidance to $3.29-$3.37 versus an expected $2.64. Elastic Tops Q1 Earnings and Revenue Estimates
Positive Sentiment: AI and enterprise demand are supporting growth: Coverage highlights increasing AI adoption, expansion among large enterprise customers and new product investments as drivers of Elastic’s accelerating revenue outlook. The results also showed solid cash generation, with operating cash flow of roughly $132 million. Another Day, Another Software Stock Surging 20%
Positive Sentiment: Analyst targets moved higher: Oppenheimer, Jefferies, JPMorgan, Canaccord Genuity and Robert W. Baird all raised their price targets following the earnings report. Several firms now carry targets of $118-$120, with ratings ranging from “buy” to “outperform,” reinforcing the bullish reaction. Jefferies Raises Elastic Price Target
Neutral Sentiment: Elastic announced that proxy materials for its October 15, 2026 annual shareholder meeting are available online. The filing is routine and is unlikely to materially affect the stock. Elastic Announces Proxy Materials Availability
Negative Sentiment: Some valuation caution remains: Morgan Stanley maintained an “equal weight” rating with a $75 target, below the current trading level. Reported insider activity also shows sales without purchases in recent months, although these transactions may reflect routine diversification.

Elastic Company Profile

(Get Free Report)

Elastic N.V. operates as a search and analytics company, offering a suite of open source and subscription-based solutions for search, observability and security use cases. Its flagship product, Elasticsearch, enables fast and scalable full-text search and analytics across large volumes of structured and unstructured data. Complementary tools such as Kibana provide visualization capabilities, while Beats and Logstash serve as lightweight data shippers and data processing pipelines, respectively.

The company was founded in 2012 by Shay Banon, who serves as chief technology officer, and Steven Schuurman.