Professional
Added to YB: 2024-10-08
Pitch date: 2024-10-07
ESTC [bullish]
Elastic N.V.
-19.75%
current return
Author Info
No bio for this author
Company Info
Elastic N.V., a search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.
Market Cap
$6.4B
Pitch Price
$77.33
Price Target
N/A
Dividend
N/A
EV/EBITDA
-619.12
P/E
-58.28
EV/Sales
3.46
Sector
Software
Category
growth
Barclays Upgrades Elastic (ESTC) to Overweight, Sees Temporary GTM Headwinds as Growth Catalyst
ESTC: Barclays upgrades to OW. GTM changes caused short-term headwinds, but should drive future growth. Valuation reset to 5x CY25E EV/Sales (below peers). AI offerings, esp. hybrid search, to boost momentum. Expect rebound in coming quarters as GTM issues resolve and AI gains traction.
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