ESTC Price Prediction Next Week
Analysis and Insights
Technical Analysis:
Elastic N.V. (ESTC) is currently trading at $96, with key Fibonacci levels indicating a pivot point at $104.50. The stock has shown recent strength, with a 14% gain following its Q3 earnings report. Technical indicators suggest a potential bullish reversal, with the RSI (14) at 37.39, indicating the stock is not yet oversold.
News Sentiment and Analyst Ratings:
Analysts have raised their price targets for ESTC, with multiple firms increasing their estimates to between $140 and $145. This positive sentiment is supported by strong Q3 results, where revenue exceeded expectations and the company raised its full-year forecast.
Conclusion:
Based on the positive news, analyst upgrades, and technical indicators suggesting a potential reversal, the stock is expected to rise to $104.50 next week. This makes it a good time to buy.
Prediction: The stock price will reach $104.50 next week. Recommendation: Buy.
ESTC Similar Chart Price Prediction
The price of ESTC is predicted to go up -6.65%, based on the high correlation periods with CX. The similarity of these two price pattern on the periods is 90.07%.
ESTC
CX
Down: -6.65%Similarity: 90.07%
ESTC Revenue Forecast
ESTC EPS Forecast
ESTC FAQs
What is ESTC revenue forecast for next quarter？
What is ESTC eps forecast for next quarter？
ESTC VS S&P500
Elastic has strong secular tailwinds as the FSMA and security markets are expected to grow rapidly.
Elastic's multiprong product strategy, including its search, security, and FSMA offerings, can offer different points of entry into potential clients' IT ecosystems.
Elastic is competing in markets that we believe are filled with greenfield opportunities.
ESTC Analyst's Forecast
Joel Fishbein
Truist Securities
Strong Buy
2025-03-03
Price Target
$135 → $145
Upside
+35.33%
Truist raised the firm's price target on Elastic to $145 from $135 and keeps a Buy rating on the shares. The company's Q3 results exceeded expectations as its execution continued to improve, with Elastic also seeing strong demand from search and GenAI use cases with upside in Cloud consumption from larger customers, the analyst tells investors in a research note.
Patrick Colville
Scotiabank
Buy
2025-01-21
Price Target
$135 → $127
Upside
+26.54%
Thomas Blakey
Cantor Fitzgerald
Hold
2025-01-16
Price Target
$108
Upside
+7.61%
