Fintel reports that on April 23, 2026, Rothschild & Co initiated coverage of Elastic N.V. (NYSE:ESTC) with a Neutral recommendation.
Analyst Price Forecast Suggests 83.28% Upside
As of April 15, 2026, the average one-year price target for Elastic N.V. is $83.83/share. The forecasts range from a low of $60.60 to a high of $121.80. The average price target represents an increase of 83.28% from its latest reported closing price of $45.74 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Elastic N.V. is 1,943MM, an increase of 15.86%. The projected annual non-GAAP EPS is 3.24, an increase of 72.21% from the prior forecast.
What is the Fund Sentiment?
There are 444 funds or institutions reporting positions in Elastic N.V.. This is an decrease of 324 owner(s) or 42.19% in the last quarter. Average portfolio weight of all funds dedicated to ESTC is 0.26%, an increase of 0.11%. Total shares owned by institutions decreased in the last three months by 4.82% to 92,708K shares. 
The put/call ratio of ESTC is 0.16, indicating a bullish outlook.
What are Other Shareholders Doing?
Aqr Capital Management holds 7,545K shares representing 7.29% ownership of the company. In its prior filing, the firm reported owning 2,977K shares , representing an increase of 60.54%. The firm increased its portfolio allocation in ESTC by 85.17% over the last quarter.
Pictet Asset Management Holding holds 6,493K shares representing 6.27% ownership of the company. In its prior filing, the firm reported owning 4,534K shares , representing an increase of 30.16%. The firm increased its portfolio allocation in ESTC by 3.12% over the last quarter.
FIL holds 3,629K shares representing 3.51% ownership of the company. In its prior filing, the firm reported owning 2,651K shares , representing an increase of 26.94%. The firm decreased its portfolio allocation in ESTC by 36.27% over the last quarter.
Point72 Asset Management holds 2,841K shares representing 2.75% ownership of the company. In its prior filing, the firm reported owning 846K shares , representing an increase of 70.21%. The firm increased its portfolio allocation in ESTC by 100.30% over the last quarter.
D. E. Shaw holds 1,989K shares representing 1.92% ownership of the company. In its prior filing, the firm reported owning 1,844K shares , representing an increase of 7.31%. The firm decreased its portfolio allocation in ESTC by 6.44% over the last quarter.
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This story originally appeared on Fintel.
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