# Elastic N.V.  Share Price Target ‘$115.50’, now -8.8% Downside Potential

- Link: https://www.directorstalkinterviews.com/elastic-n.v.share-price-target-115.50-now-8.8-downside-potential/4121142866
- Published: 2024-02-16T11:51:01+00:00
- Author: Charlotte Edwards

**Elastic N.V.** which can be found using ticker (ESTC) now have 18 analysts in 
total covering the stock. The consensus rating is pointing to ‘buy’. The target 
price High/Low ranges between $140.00 and $90.00 calculating the average target 
share price we see $115.50. (at the time of writing). Given that the stocks previous
close was at $126.60 this would indicate that there is a downside of -8.8%. It’s
also worth noting that there is a 50 day moving average of $116.25 and the 200 day
MA is $81.64. The company has a market capitalization of 13.20B. The stock price
is currently at: $132.52 USD

 The potential market cap would be $12,045,422,116 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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