Morgan Stanley's analyst, Sanjit Singh, has revised the price target for Elastic (ESTC, Financial) from $140 to $120. Despite this reduction, the firm maintains an Overweight rating on the company's shares.
This adjustment is part of a broader strategy where Morgan Stanley is evaluating the risk and reward profiles of numerous software firms. The re-evaluation considers the uncertainties associated with tariff risks and what has already been factored into the current share prices.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 24 analysts, the average target price for Elastic NV (ESTC, Financial) is $130.88 with a high estimate of $160.00 and a low estimate of $93.12. The average target implies an upside of 66.54% from the current price of $78.59. More detailed estimate data can be found on the Elastic NV (ESTC) Forecast page.
Based on the consensus recommendation from 27 brokerage firms, Elastic NV's (ESTC, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Elastic NV (ESTC, Financial) in one year is $118.55, suggesting a upside of 50.85% from the current price of $78.59. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Elastic NV (ESTC) Summary page.
