Elastic N.V. (NYSE: ESTC) has regained momentum as revenue growth stabilizes and profitability improves. The stock trades near $91/share after a steady climb from earlier lows. Demand for search, observability, and security remains healthy, and analysts expect continued progress as Elastic scales its cloud platform.
Recently, Elastic highlighted strong adoption of its unified search and security platform across cloud customers, reflecting growing interest in AI-driven search workloads. The company is also gaining traction in Elastic Security as enterprises consolidate tools to reduce complexity and improve visibility. These developments suggest Elastic is becoming increasingly important for organizations that rely on real-time data analysis and protection.
This article explores where Wall Street analysts think Elastic could trade by 2028. We have pulled together consensus targets and TIKR’s Guided Valuation Model to outline the stock’s potential path. These figures reflect current analyst expectations and are not TIKR’s own predictions.
Find out what a stock’s really worth in under 60 seconds with TIKR’s new Valuation Model (It’s free) >>>
Analyst Price Targets Suggest Meaningful Upside
Elastic trades around $91/share today. The average analyst price target is about $120/share, which points to roughly 32% upside. Forecasts still vary widely:
- High estimate: ~$150/share
- Low estimate: ~$90/share
- Median target: ~$122/share
- Ratings: 15 Buys, 6 Outperforms, 9 Holds
Analysts see room for gains, but the wide range between the low and high estimates shows that conviction is mixed. For investors, the key question is whether Elastic can continue expanding margins while maintaining solid adoption across search, observability, and security.
Discover how much upside your favorite stocks could have using TIKR’s new Valuation Model (It’s free) >>>
Elastic: Growth Outlook and Valuation
The company’s fundamentals appear solid based on the inputs shown in the model:
- Revenue growth is projected at 14.3%
- Operating margins are expected to reach about 17.7%
- Shares are valued using a 38.4x forward P/E multiple
- Based on analysts’ average estimates, TIKR’s Guided Valuation Model suggests a target of $133/share by 2028
- That implies about 46.1% total return, or roughly 16.7% annualized
These numbers point to a business that can compound steadily through a mix of mid-teens growth and improving profitability. Elastic’s platform remains central to how customers manage search, observability, and security workloads, supporting a long runway for expansion.
For investors, Elastic looks like a company shifting into a more durable performance phase. Returns should be attractive if management maintains discipline on margins and continues driving broader adoption across the platform.
See a stock’s true value in under 60 seconds (Free with TIKR) >>>
What’s Driving the Optimism?
Elastic benefits from strong demand across search, observability, and security as organizations modernize their data infrastructure. Its unified platform approach appeals to customers who want to consolidate tools, reduce complexity, and enhance system visibility.
Interest in AI-driven search and analytics is also rising, which strengthens Elastic’s position in data-heavy environments. For investors, these trends suggest a durable growth runway and improving economics as the company scales.
Bear Case: Competition and Valuation Risks
Elastic faces meaningful competition from large platforms that offer overlapping capabilities in search, logging, and security. Competitors frequently bundle features aggressively, which could pressure pricing and slow Elastic’s market share gains.
Valuation is another risk. The stock trades at a premium that assumes consistent margin improvement. If revenue growth softens or cloud spending slows, the valuation could compress. For investors, the risk is that Elastic must execute well to sustain its current trajectory.
Outlook for 2028: What Could Elastic Be Worth?
Based on analysts’ average estimates, TIKR’s Guided Valuation Model suggests Elastic could trade near $133/share by 2028. That represents about 46% upside, or roughly 17% annualized returns.
While this outlook is appealing, it already assumes steady execution. To outperform these expectations, Elastic would need to deepen cloud adoption, expand multi-product engagement, and continue delivering margin gains. Without that, returns may fall in line with the modeled range.
For investors, Elastic offers meaningful long-term compounding potential, but the upside will depend on management’s ability to deliver both growth and profitability in a competitive landscape.
AI Compounders With Massive Upside That Wall Street Is Overlooking
Everyone wants to cash in on AI. But while the crowd chases the obvious names benefiting from AI like NVIDIA, AMD, or Taiwan Semiconductor, the real opportunity may lie on the AI application layer where a handful of compounders are quietly embedding AI into products people already use every day.
TIKR just released a new free report on 5 undervalued compounders that analysts believe could deliver years of outperformance as AI adoption accelerates.
Inside the report, you’ll find:
- Businesses already turning AI into revenue and earnings growth
- Stocks trading below fair value despite strong analyst forecasts
- Unique picks most investors haven’t even considered
If you want to catch the next wave of AI winners, this report is a must-read.
Find out what your favorite stocks are really worth (Free with TIKR) >>>
