# Elastic N.V. – Consensus ‘buy’ rating and 3.2% Upside Potential

- Link: https://www.directorstalkinterviews.com/elastic-n.v.consensus-buy-rating-and-3.2-upside-potential/4121131004
- Published: 2023-10-26T13:35:08+01:00
- Author: Charlotte Edwards

**Elastic N.V.** with ticker code (ESTC) have now 18 analysts in total covering 
the stock. The consensus rating is pointing to ‘buy’. The target price High/Low 
ranges between 100 and 67 suggesting an average Analsyt target price of $83.39. 
Now with the previous closing price of $80.80 and the analysts are correct then 
we can expect a percentage increase in value of 3.2%. The 50 day MA is $74.57 and
the 200 moving average now moves to $64.51. The total market capitalization for 
the company now stands at 7.43B. The stock price for the company is currently 75.53
USD

 The potential market cap would be $7,671,874,716 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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