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Posted by
Two Blokes Jul 23 -
Filed in
Stock
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10 views
Elastic's fundamentals remain strong despite a recent stock price drop, creating a compelling buying opportunity as AI adoption continues to accelerate. ESTC is well-positioned to benefit from AI trends, with its leadership in vector search and growing cloud revenue likely to drive future growth. The company's conservative FY2026 guidance is likely overly cautious; I expect Elastic to beat estimates and see its valuation re-rate higher.
