This summary was created by AI, based on 3 opinions in the last 12 months.
Elastic N.V. (ESTC-N) is gaining substantial attention as a leader in providing innovative search solutions tailored for enterprises rather than consumers. The company benefits from partnerships with all major hyperscalers, which enhances its credibility and growth prospects. Experts suggest a 12-month price target of $129, indicating a favorable outlook, and recommend a strategic buying approach at various price points including $112, $104, and below $100. Additionally, the company is predicted to experience revenue growth of approximately 16% annually over the next three years, which outpaces the average growth rate of 12% in the software sector. With a recent 37% increase in Q2 earnings, there is a notable positive momentum; however, experts caution that they would sell if the stock drops below $120, emphasizing that while it is considered a unique investment opportunity, it does not offer dividends.
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).
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)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
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..
Elastic N.V. was recommended as a Top Pick by on . Read the latest stock experts ratings for Elastic N.V..
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.
2 stock analysts on Stockchase covered Elastic N.V. In the last year. It is a trending stock that is worth watching.
On 2025-02-18, Elastic N.V. (ESTC-N) stock closed at a price of $112.25.
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.