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Elastic N.V.

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$107.43

(%)
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$107.43

Day Range

$ - $

Previous Day Range

$ - $

Market Cap

$10.8 billion USD

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USD

Primary Exchange

New York Stock Exchange

Elastic is a software company based in Mountain View, California, focusing on search-adjacent products. Its search engine allows it to process both structured and unstructured data while gleaning insights from that data. The firm's primary focus is o...

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Recent News

Wedbush Securities analyst Daniel Ives predicts a seismic shift in IT spending towards AI and related technologies. He estimates that such purchases will account for 8%-10% of IT budgets in 2024, a big jump from less than 1% in 2023. Significant growth Trajectory Ahead Major players in the tech sector, including Microsoft Corp (NASDAQ:MSFT), Salesforce Inc (NYSE:CRM), Palantir Technologies Inc (NYSE:PLTR), MongoDB Inc (NASDAQ:MDB), Oracle Corp (NYSE:ORCL), Snowflake Inc (NYSE:SNOW), Elastic NV (NYSE:ESTC), stand to experience a significant growth trajectory fueled by this surge in investment, the analyst says. Ives identifies this phenomenon as the “initial wave of AI software growth,” heralding a transformative period for the industry. Pioneers like Jensen Huang of Nvidia Corp (NASDAQ:Full story available on Benzinga.com

Related tickers: MSFT, NVDA, ORCL, CRM, SNOW, MDB, ESTC, PLTR.

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Recently, Zacks.com users have been paying close attention to Elastic (ESTC). This makes it worthwhile to examine what the stock has in store.

Related tickers: ESTC.

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