# Elastic N.V.  Share Price Target ‘$129.00’, now 11.3% Upside Potential

- Link: https://www.directorstalkinterviews.com/elastic-n.v.share-price-target-129.00-now-11.3-upside-potential/4121163963
- Published: 2024-07-05T16:37:47+01:00
- Author: Charlotte Edwards

**Elastic N.V.** which can be found using ticker (ESTC) now have 20 confirmed analysts
covering the stock with the consensus suggesting a rating of ‘buy’. The target price
High/Low ranges between $155.00 and $100.00 with the average share target price 
sitting at $129.00. (at the time of writing). Now with the previous closing price
of $115.88 this would imply there is now a potential upside of 11.3%. The 50 day
moving average now sits at $108.09 and the 200 day moving average is $101.90. The
company has a market cap of 11.83B. The stock price for the company is currently
$116.34 USD

 The potential market cap would be $13,172,754,928 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 197.18, revenue per share of $12.72
and a -3.84% 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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