# Elastic N.V. – Consensus ‘buy’ rating and -1.0% Downside Potential

- Link: https://www.directorstalkinterviews.com/elastic-n.v.consensus-buy-rating-and-1.0-downside-potential/4121129825
- Published: 2023-10-13T15:39:31+01:00
- Author: Charlotte Edwards

**Elastic N.V.** with ticker code (ESTC) now have 18 confirmed analysts covering
the stock with the consensus suggesting a rating of ‘buy’. The range between the
high target price and low target price is between 91 and 67 suggesting an average
Analsyt target price of $81.17. Given that the stocks previous close was at $82.00
this would imply there is a potential downside of -1.0%. The 50 day MA is $71.20
while the 200 day moving average is $63.17. The company has a market capitalization
of 7.92B. The current share price for the company is: 80.52 USD

 The potential market cap would be $7,844,492,307 based on the market consensus.

The company is not paying dividends at this time.

Other points of data to note are a P/E ratio of -, revenue per share of 11.52 and
a -6.05% return on assets.

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.

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