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ESTC

Elastic N.V.

ESTC

NYSE·Technology·Software - Application·Mkt cap $6.1B

$58.37

-0.14%

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Our plain-language verdict, the thesis, risk factors, and what is changing about the business.

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52-Week Range

$42.05 - $96.07

P/E

-73.35

Fwd P/E

18.00

Beta

0.98

Div Yield

0.00%

Avg Vol

2.1M

Shares Out

103.5M

Mkt Cap

$6.1B

Price action

Price chart

Down 30.6% over the trailing year

1W
1M
3M
6M
YTD
1Y
5Y
MAX

Total returns

Price performance

Total return across standard periods - splits & dividends adjusted by FMP. Periods longer than 1Y show annualized in the tooltip.

Why we rate it this way

The thesis at a glance

Bull and bear case · plain-English context across the five lenses we evaluate.

Bull Case

4 reasons

  • Market-leading open-source Elasticsearch technology with massive developer adoption
  • Comprehensive, integrated platform reducing need for multiple vendors
  • Strong developer community and ecosystem driving organic growth
  • Multi-cloud deployment flexibility meeting enterprise infrastructure demands

Bear Case

1 risk

  • Average volatility.

Growth

Turning profitable

Increased enterprise adoption of observability and data analytics solutions

Value

Attractively priced below Enterprise SaaS peer average

Momentum

Strong

+15.3% over 3m

Quality

Excellent

Excellent business quality

Dividend

None

No dividend

Earnings track record

Latest print - beat on both lines

AI-summarized recap of last quarter, plus the surprise on every print.

Next: Aug 27, 2026

Q2 26 RECAP

MAY 28, 2026

Reported EPS of $0.61 vs $0.56 consensus (+8.9% surprise). Revenue of $450.7M vs $446.7M expected (+0.9%). Beat on both top and bottom lines.

EPS beat +8.9%
Rev beat +0.9%
Double beat

EPS surprise · last 4Q

1 of 1 beats

Q2 26

+8.9%

Next: Aug 27, 2026

Revenue trend · last 8Q

+16%

+20%

+16%

+18%

Q4 24

Q1 24

Q2 24

Q3 25

Q4 25

Q1 25

Q2 25

Q3 26

$335.0M

$347.4M

$365.4M

$382.1M

$388.4M

$415.3M

$423.5M

$449.9M

Margins · last 8Q

Gross

76.3%

Operating

0.1%

Profit

1.7%

Wall Street consensus

18 analysts · 72% Buy

Live ratings and price targets aggregated across covering analysts.

Buy

13

72%

Hold

5

28%

Sell

0%

Median Price Target

$59.00

+1.1% vs $58.37

Low $49.00
Median $59.00
High $85.00

Latest: Piper Sandler · Jun 26, 2026

7 analysts covering

vs Industry

How ESTC stacks vs Software - Application

Stock metrics vs industry averages. Green = better than industry.

Industry comparison data unavailable for this stock.