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This summary was created by AI, based on 2 opinions in the last 12 months.

Elastic N.V. (ESTC-N) is gaining traction as a leader in innovative search solutions, specifically designed for enterprises rather than consumers. The company has established partnerships with all major hyperscalers, which enhances its market credibility and prospects for growth. Experts suggest a strategic buying approach, recommending entry points at $112, $104, and under $100, with a positive 12-month price target of $129, indicating robust potential upside. While one expert has noted a shift away from software investments, he acknowledges that Elastic remains a compelling long-term buy, especially with a projected revenue growth rate of around 16% per annum over the next three years, outpacing the industry average. This positioning reflects the strategic importance of AI-driven hardware solutions in today's tech landscape.

Consensus
Buy
Valuation
Undervalued
PARTIAL BUY

Buy it strategically. A leader in innovative search solutions for enterprises, not consumers. All the hyperscalers have partnered with it, so that's a positive checkmark. 12-month price target of $129, so runway is shorter. Buy in thirds here at $112, $104, and under $100.

WEAK BUY

He's lightened up a lot on software. At this stage, probably a pretty good buy for the long term. Revenue forecast to grow ~16% per annum for the next 3 years. The space averages ~12% per annum. The place to make $$ these days within the AI revolution is the hardware (picks and shovels). 

TOP PICK

Consolidates AI to present answers at the business level. Q2 earnings had a 37% pop. Good earnings momentum. He'd sell if it dropped below $120. Off the beaten path, really cool company. No dividend.

(Analysts’ price target is $123.36)
TOP PICK
His price target is $97.50. It is a search company that allows enterprises to log, analyze and observe events in a secure environment. You could hold this one for a long term and it has a good valuation. Yield 0% (Analysts’ price target is $27.80)
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Elastic N.V.(ESTC-N) Rating

Ranking : 4 out of 5

Star iconStar iconStar iconStar iconStar empty icon

Bullish - Buy Signals / Votes : 2

Neutral - Hold Signals / Votes : 0

Bearish - Sell Signals / Votes : 0

Total Signals / Votes : 2

Stockchase rating for Elastic N.V. is calculated according to the stock experts' signals. A high score means experts mostly recommend to buy the stock while a low score means experts mostly recommend to sell the stock.

Elastic N.V.(ESTC-N) Frequently Asked Questions

What is Elastic N.V. stock symbol?

Elastic N.V. is a American stock, trading under the symbol ESTC-N on the New York Stock Exchange (ESTC). It is usually referred to as NYSE:ESTC or ESTC-N

Is Elastic N.V. a buy or a sell?

In the last year, 2 stock analysts published opinions about ESTC-N. 2 analysts recommended to BUY the stock. 0 analysts recommended to SELL the stock. The latest stock analyst recommendation is . Read the latest stock experts' ratings for Elastic N.V..

Is Elastic N.V. a good investment or a top pick?

Elastic N.V. was recommended as a Top Pick by on . Read the latest stock experts ratings for Elastic N.V..

Why is Elastic N.V. stock dropping?

Earnings reports or recent company news can cause the stock price to drop. Read stock experts’ recommendations for help on deciding if you should buy, sell or hold the stock.

Is Elastic N.V. worth watching?

2 stock analysts on Stockchase covered Elastic N.V. In the last year. It is a trending stock that is worth watching.

What is Elastic N.V. stock price?

On 2025-04-25, Elastic N.V. (ESTC-N) stock closed at a price of $84.22.