Elastic N.V. (NYSE:ESTC) Sees Positive Analyst Outlook and Raises Guidance

• Shrenik Kothari from Robert W. Baird sets a new price target for Elastic N.V. (NYSE:ESTC) at $120, indicating a potential increase of about 42.36% from its current trading price.
• Elastic's recent first-quarter results have exceeded expectations, leading to an upward revision of its fiscal year 2026 guidance.
• The stock has shown volatility, trading between a low of $83.71 and a high of $94.44 today, with a yearly high of $118.84 and a low of $69.

Elastic N.V. (NYSE:ESTC) is a company known for its search-powered solutions, which help businesses enhance their data search capabilities. The company operates in a competitive landscape with peers like Splunk and Datadog. On August 29, 2025, Shrenik Kothari from Robert W. Baird set a new price target for Elastic at $120, indicating a potential increase of about 42.36% from its trading price of $84.30 at that time.

Elastic's recent first-quarter results have exceeded expectations, leading the company to raise its guidance for fiscal year 2026. This positive performance has likely influenced analysts to increase their forecasts, as highlighted by Benzinga. The upbeat results contribute to a favorable outlook for Elastic's future financial health, supporting the new price target set by Robert W. Baird.

Despite the positive outlook, the current stock price of ESTC is $84.80, reflecting a decrease of $2.99 or approximately -3.41% from the previous trading session. The stock has traded between a low of $83.71 and a high of $94.44 today. Over the past year, it has reached a high of $118.84 and a low of $69, showing some volatility in its trading range.

Elastic's market capitalization stands at approximately $8.95 billion, indicating its size and presence in the market. Today's trading volume for ESTC is 3,701,587 shares, suggesting active investor interest. The company's strong performance and raised guidance may continue to attract attention from investors and analysts alike.