# Elastic N.V.  Share Price Target ‘$115.50’, now -8.0% Downside Potential

- Link: https://www.directorstalkinterviews.com/elastic-n.v.share-price-target-115.50-now-8.0-downside-potential/4121142066
- Published: 2024-02-09T13:18:28+00:00
- Author: Charlotte Edwards

**Elastic N.V.** with ticker code (ESTC) now have 18 market analysts covering the
stock. The analyst consensus now points to a rating of ‘buy’. The range between 
the high target price and low target price is between $140.00 and $90.00 calculating
the mean target share price we have $115.50. (at the time of writing). Given that
the stocks previous close was at $125.50 this would indicate that there is a downside
of -8.0%. The day 50 moving average is $113.07 and the 200 day MA is $80.26. The
market capitalization for the company is 12.61B. The stock price for the company
is currently $126.54 USD

 The potential market cap would be $11,602,682,048 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 $11.89 and
a -4.92% 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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