Ratings for Elastic (NYSE:ESTC) were provided by 25 analysts in the past three months, showcasing a mix of bullish and bearish perspectives.

Summarizing their recent assessments, the table below illustrates the evolving sentiments in the past 30 days and compares them to the preceding months.

	Bullish	Somewhat Bullish	Indifferent	Somewhat Bearish	Bearish
Total Ratings	12	8	5	0	0
Last 30D	1	0	0	0	0
1M Ago	1	2	0	0	0
2M Ago	0	0	0	0	0
3M Ago	10	6	5	0	0

Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $104.2, with a high estimate of $130.00 and a low estimate of $75.00. Experiencing a 11.48% decline, the current average is now lower than the previous average price target of $117.72.

Deciphering Analyst Ratings: An In-Depth Analysis

A comprehensive examination of how financial experts perceive Elastic is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst	Analyst Firm	Action Taken	Rating	Current Price Target	Prior Price Target
Blair Abernethy	Rosenblatt	Lowers	Buy	$110.00	$130.00
Raimo Lenschow	Barclays	Lowers	Overweight	$100.00	$107.00
Brent Thill	Jefferies	Lowers	Buy	$95.00	$105.00
Matthew Hedberg	RBC Capital	Lowers	Outperform	$95.00	$115.00
Tyler Radke	Citigroup	Lowers	Buy	$115.00	$130.00
Brent Thill	Jefferies	Lowers	Buy	$105.00	$125.00
Kingsley Crane	Canaccord Genuity	Lowers	Buy	$115.00	$120.00
Lucky Schreiner	DA Davidson	Lowers	Neutral	$80.00	$100.00
Joel Fishbein	Truist Securities	Lowers	Buy	$105.00	$120.00
Patrick Colville	Scotiabank	Lowers	Sector Perform	$76.00	$90.00
Raimo Lenschow	Barclays	Lowers	Overweight	$107.00	$125.00
Rob Owens	Piper Sandler	Lowers	Overweight	$110.00	$125.00
Brad Reback	Stifel	Lowers	Buy	$108.00	$134.00
Radi Sultan	UBS	Lowers	Buy	$110.00	$125.00
Brian Essex	JP Morgan	Lowers	Overweight	$113.00	$120.00
Ryan Macwilliams	Wells Fargo	Lowers	Equal-Weight	$75.00	$90.00
Matthew Hedberg	RBC Capital	Lowers	Outperform	$115.00	$125.00
Thomas Blakey	Cantor Fitzgerald	Lowers	Neutral	$85.00	$94.00
Howard Ma	Guggenheim	Lowers	Buy	$116.00	$122.00
Sanjit Singh	Morgan Stanley	Lowers	Overweight	$110.00	$120.00
Daniel Ives	Wedbush	Lowers	Outperform	$90.00	$110.00
Blair Abernethy	Rosenblatt	Maintains	Buy	$130.00	$130.00
Koji Ikeda	B of A Securities	Lowers	Neutral	$90.00	$111.00
Blair Abernethy	Rosenblatt	Maintains	Buy	$130.00	$130.00
Joel Fishbein	Truist Securities	Lowers	Buy	$120.00	$140.00

Key Insights:

• Action Taken: Responding to changing market dynamics and company performance, analysts update their recommendations. Whether they 'Maintain', 'Raise', or 'Lower' their stance, it signifies their response to recent developments related to Elastic. This offers insight into analysts' perspectives on the current state of the company.
• Rating: Gaining insights, analysts provide qualitative assessments, ranging from 'Outperform' to 'Underperform'. These ratings reflect expectations for the relative performance of Elastic compared to the broader market.
• Price Targets: Analysts provide insights into price targets, offering estimates for the future value of Elastic's stock. This comparison reveals trends in analysts' expectations over time.

Capture valuable insights into Elastic's market standing by understanding these analyst evaluations alongside pertinent financial indicators. Stay informed and make strategic decisions with our Ratings Table.

Stay up to date on Elastic analyst ratings.

Get to Know Elastic Better

Elastic is a software company that specializes in AI-search, observability, and security deployments. Its search division offers both traditional keyword search and vector search methods to enable more context-aware querying. The software has open-source origins but generates revenue through valuable add-ons, including simplified data orchestration and server scaling techniques.

Elastic: Delving into Financials

Market Capitalization: Indicating a reduced size compared to industry averages, the company's market capitalization poses unique challenges.

Revenue Growth: Elastic's revenue growth over a period of 3M has been noteworthy. As of 31 October, 2025, the company achieved a revenue growth rate of approximately 15.91%. This indicates a substantial increase in the company's top-line earnings. As compared to competitors, the company encountered difficulties, with a growth rate lower than the average among peers in the Information Technology sector.

Net Margin: Elastic's net margin is impressive, surpassing industry averages. With a net margin of -12.11%, the company demonstrates strong profitability and effective cost management.

Return on Equity (ROE): Elastic's ROE excels beyond industry benchmarks, reaching -5.51%. This signifies robust financial management and efficient use of shareholder equity capital.

Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -2.05%, the company may need to address challenges in generating satisfactory returns from its assets.

Debt Management: Elastic's debt-to-equity ratio stands notably higher than the industry average, reaching 0.66. This indicates a heavier reliance on borrowed funds, raising concerns about financial leverage.

The Significance of Analyst Ratings Explained

Within the domain of banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their work involves attending company conference calls and meetings, researching company financial statements, and communicating with insiders to publish "analyst ratings" for stocks. Analysts typically assess and rate each stock once per quarter.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

This article was generated by Benzinga's automated content engine and reviewed by an editor.