Elastic (ESTC) Stock Forecast — 2-Week Outlook

StockMap's current 2-week read on Elastic (ESTC) is Moderate Outperform.

The composite score behind that read is +0.24, weighing +0.28 of bullish evidence against -0.32 bearish.

Elastic last closed at $98.23, +3.12% on the session.

Against the IVW growth benchmark the position is +2.32% over the forecast window.

The read is built from 15 underlying insights — 10 bullish and 5 bearish.

Agreement across those insights is 67%.

5 graded predictions for ESTC so far. We publish our accuracy across thousands of stocks in the open, misses included — no per-stock hit rate is claimed on a small sample.

On the fundamentals StockMap ranks Elastic in the 33rd percentile on valuation and the 89th percentile on return on equity, where 100 is best.

Elastic is classified under Information Technology / Software, with a market capitalisation of $10.00B.

StockMap tracks Elastic as the 45th largest of the 197 companies it covers in the Software industry, part of the Information Technology sector.

Across that group the current two-week reads are 149 Neutral, 37 Moderate Outperform and 11 Moderate Underperform.

On that composite Elastic ranks 21st of 197 in the group, against a group median of +0.06.