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Posted by
Two Blokes Jun 12 -
Filed in
Stock
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6 views
Elastic stands out as a "growth at a reasonable price" investment with mid-teens growth, strong retention, and trades at under 5x revenue, making it attractive after a recent 15% pullback. Its valuation sits well below other 10-15% growth peers in enterprise software, such as Salesforce and Workday. Elastic's FY26 guidance is conservative, but historical outperformance and robust customer metrics suggest the market is overly pessimistic.
