Elastic NV's stock fell by 8.05% as it crossed below the 5-day SMA amid a broader market decline, with the Nasdaq-100 down 1.65% and the S&P 500 down 1.04%.
The company recently launched its Agent Builder, a tool designed to simplify AI agent development, which enhances enterprise data search and analysis capabilities. This new offering includes seamless integration with Microsoft Foundry and the introduction of Elastic Workflows, allowing for reliable actions across systems. The model-agnostic nature of the agents ensures compatibility with various cloud providers, broadening its applicability.
This launch positions Elastic to capitalize on the growing demand for AI solutions, although the current market conditions may pose challenges for immediate stock recovery.
Wall Street analysts forecast ESTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESTC is 101.14 USD with a low forecast of 75.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
26 Analyst Rating
Wall Street analysts forecast ESTC stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for ESTC is 101.14 USD with a low forecast of 75.00 USD and a high forecast of 130.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
16 Buy
10 Hold
0 Sell
Moderate Buy
Current: 73.380
Low
75.00
Averages
101.14
High
130.00
Current: 73.380
Low
75.00
Averages
101.14
High
130.00
Jefferies
Brent Thill
Buy
downgrade
$105 -> $95
2026-01-05
Reason
Jefferies
Brent Thill
Price Target
$105 -> $95
AI Analysis
2026-01-05
downgrade
Buy
Reason
Jefferies analyst Brent Thill lowered the firm's price target on Elastic to $95 from $105 and keeps a Buy rating on the shares. The firm believes 2026 will be "another year of gradual AI monetization," but thinks more meaningful growth contribution and acceleration are needed to ease AI disintermediation fears, requiring more selectivity, the analyst tells investors in an outlook note on the software group. "While we remain confident that value will ultimately accrue to the software layer, investors may need to stay patient" with sector valuation back at historical average, the analyst added.
RBC Capital
Outperform
to
NULL
downgrade
$115 -> $95
2026-01-05
Reason
RBC Capital
Price Target
$115 -> $95
2026-01-05
downgrade
Outperform
to
NULL
Reason
RBC Capital lowered the firm's price target on Elastic to $95 from $115 and keeps an Outperform rating on the shares. 2026 is likely to be a year when AI tailwinds become more evident for companies well positioned for enterprise AI adoption, while less prepared peers may remain pressured by the "AI is the death of software" narrative, the analyst tells investors in a research note. Enterprise spending appears to be stabilizing and improving in select areas, with GenAI driving innovation even as management teams remain conservative in early 2026 guidance, the firm says.
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Goldman Sachs
Neutral
downgrade
$100 -> $77
2025-11-24
Reason
Goldman Sachs
Price Target
$100 -> $77
2025-11-24
downgrade
Neutral
Reason
Goldman Sachs lowered the firm's price target on Elastic to $77 from $100 and keeps a Neutral rating on the shares. While Elastic raised its FY26 revenue guidance, the stock dropped 12% after-hours on Friday, likely reflecting a below-trend total revenue beat and net new cloud revenue down about 15%, the analyst tells investors in a research note.
Citi
Buy
downgrade
$130 -> $115
2025-11-24
Reason
Citi
Price Target
$130 -> $115
2025-11-24
downgrade
Buy
Reason
Citi lowered the firm's price target on Elastic to $115 from $130 and keeps a Buy rating on the shares. The firm remains a buyer of the stock post the fiscal Q2 report. Citi believes Elastic is seeing good progress in large cloud deals.
About ESTC
Elastic NV is a Netherlands-based data analytics company. The Company’s platform, which is available as both a hosted, managed service across public clouds as well as self-managed software, allows its customers to find insights from large amounts of data and take action. The Company offers three search-powered solutions - Enterprise Search, Observability, and Security - that are built into the platform, which is built on the Elastic Stack, a set of software products that ingest data from any source, in any format, and perform search, analysis, and visualization of that data. The Company helps organizations, their employees, and their customers find what they need, while keeping mission-critical applications running smoothly, and protecting against cyber threats. The Company generates revenue primarily from sales of subscriptions to its platform.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
