Added to YB: 2026-06-17
Pitch date: 2026-06-15
ESTC [bullish]
Elastic N.V.
-3.31%
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
$6.3B
Pitch Price
$62.17
Price Target
N/A
Dividend
N/A
EV/EBITDA
N/A
P/E
N/A
EV/Sales
3.16
Sector
Software
Category
growth
06: Elastic | $ESTC
ESTC: Search co (Elasticsearch, est 2010) mispriced as legacy software at 18.6x fwd P/E vs 47.4x peer median. AI thesis: agents need real search/context, external monitoring, & default to most-documented tools. One engine, 3 products (Search/Observability/Security); ARR expands w/ solutions ($32K→$390K). GenAI penetration 4%→21% (FY23-25); FY24 cohort expanded 42% YoY. Mgmt targets 20% growth, Rule of 40; ~$4.2B rev & $635M FCF by FY31 at 15% margin. Founder-led, $500M buyback. Risks: OpenSearch free fork, Postgres/hyperscaler search, Datadog share gains.
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