Monness upgrades Elastic and sets USD 120 target for Elastic stock

Published on 10/15/2026 at 12:56 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Elastic revenue reached USD 478.11 million in fiscal Q1 2027, up 15.20 percent. Elastic stock stood at EUR 80.30 on October 15, 2026.

Analyst upgrade and quarterly dates

Monness Crespi & Hardt upgraded Elastic from neutral to buy and set a USD 120.00 target on October 9, 2026.
Fiscal Q1 2027 revenue reached USD 478.11 million and rose 15.20 percent year over year.
Elastic stock traded at EUR 80.30 at 12:48 p.m. CEST at Lang & Schwarz on October 15, 2026.
Elastic's next estimated earnings date is November 19, 2026.

ESTC, NL0013056914, Illustration mit AI erstellt.

Elastic (NL0013056914) was trading at EUR 80.30 at Lang & Schwarz on October 15, 2026 at 12:48 p.m. CEST. The latest company-specific catalyst was a Monness Crespi & Hardt upgrade dated October 9, 2026, which moved the analyst view from neutral to buy and set a USD 120.00 price target, according to MarketBeat.

Revenue growth supports the case

Elastic reported USD 478.11 million in revenue for fiscal Q1 2027, up 15.20 percent from the same period a year earlier. Adjusted earnings per share came in at USD 0.70, compared with a USD 0.58 consensus estimate, according to MarketBeat. The company's investor-relations page identifies fiscal Q1 2027 total revenue of USD 478 million and sales-led subscription revenue of USD 399 million in the same reporting period, while also highlighting more than 1,800 customers with annual contract value above USD 100,000, according to Elastic.

What does the target mean for Elastic?

MarketBeat said the USD 120.00 target represented 25.86 percent upside from the USD 95.34 opening price cited in its October 9, 2026 report. The same report listed a consensus rating of Moderate Buy and an average target of USD 97.92, showing that the Monness target stood above the broader analyst average. Elastic's platform combines search, observability and security software, with artificial intelligence features forming part of its product strategy.

Three dated milestones

On August 27, 2026, Elastic reported fiscal Q1 2027 adjusted earnings per share of USD 0.70 and revenue of USD 478.11 million, according to MarketBeat. On October 9, 2026, Monness Crespi & Hardt upgraded the stock to buy and set a USD 120.00 target. On October 15, 2026, the Lang & Schwarz quote stood at EUR 80.30 at 12:48 p.m. CEST.

Next reporting date

The next estimated earnings release is November 19, 2026, for the quarter ending October 2026, according to Zacks. The page lists a consensus estimate of USD 0.81 earnings per share for that period.

Stock stays tied to analyst expectations

The analyst upgrade gives the stock a concrete valuation reference, while the fiscal Q1 figures provide the operating evidence behind the debate. Elastic's next reported quarter will test whether revenue can approach the USD 486 million to USD 487 million outlook cited for fiscal Q2 2027 by current market coverage.

Elastic was trading at EUR 80.30 at Lang & Schwarz on October 15, 2026 at 12:48 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Elastic stock.