On April 23, 2026, Rothschild & Co initiated coverage of Elastic N.V. (NYSE:ESTC) with a Neutral recommendation. The average one-year price target for Elastic is $83.83 per share, suggesting an 83.28% upside from its latest closing price of $45.74/share.
The company’s projected annual revenue for 2026 is $1.943 billion, an increase of 15.86%, while the projected non-GAAP EPS is 3.24, representing a 72.21% increase from the previous forecast. Institutional ownership has decreased by 4.82% in the last three months to 92.7 million shares, with 444 funds reporting positions in Elastic.
Notable shareholder activity includes Aqr Capital Management increasing its stake by 60.54% to 7.5 million shares, while FIL reduced its allocation by 36.27% despite increasing shares to 3.6 million. The put/call ratio of 0.16 suggests a bullish outlook for Elastic N.V.
