Should You Buy Elastic NV (ESTC) Today? Analysis, Price Targets, and 2026 Outlook.
Analysis Updated At
2026/01/28
Buy (long-term). Elastic looks attractive right now for a beginner long-term investor because fundamentals are improving (15.9% YoY revenue growth and materially narrowing losses in 2026/Q2), product/news flow is AI-positive, and Wall Street still largely sits on Buy/Overweight despite recent price-target cuts. Technically it’s not in a clean uptrend (bearish moving averages), but price is holding just above a key pivot/support zone (~72). Given your preference to invest now (not wait for an ideal entry), ESTC is a reasonable buy today as a long-term position.
Technical Analysis
Trend is mixed-to-bearish but attempting to stabilize. Moving averages are bearish (SMA_200 > SMA_20 > SMA_5), indicating the broader trend is still down. However, momentum is improving: MACD histogram is positive (0.155) and expanding, suggesting a potential early rebound attempt. RSI(6) ~50.6 is neutral (no overbought/oversold). Key levels: Pivot ~72.20 (near current price ~73), Support S1 ~68.97, Resistance R1 ~75.43 (then R2 ~77.42). Practical read: a near-term push above ~75.4 would strengthen the reversal case; losing ~72 and especially ~69 would weaken the setup.
Analyst Ratings and Price Target Trends
Recent trend: mostly maintained positive ratings but with broad price-target reductions. Notable changes include Jefferies cutting PT to $95 (Buy), RBC to $95 (Outperform), Goldman to $77 (Neutral), plus multiple Buy/Overweight PT trims (UBS $110, Piper $110, JPM $113, MS $110, Guggenheim $116). Monness Crespi downgraded to Neutral. Wall Street pros: improving fundamentals, large deal momentum/cloud traction, and a credible AI platform angle. Cons: decelerating growth/variability in cloud and deal timing in prior commentary, and ongoing investor concern that AI could pressure parts of the software stack unless Elastic shows clearer acceleration.
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 USD and a high forecast of 130 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.
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 USD and a high forecast of 130 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.
Current: 73.380
Current: 73.380
