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Stockchase Opinions

Jeff Parent B. Eng. FCSI CIMElastic N.V.ESTCTOP PICKFeb 28, 2024

Consolidates AI to present answers at the business level. Q2 earnings had a 37% pop. Good earnings momentum. He'd sell if it dropped below $120. Off the beaten path, really cool company. No dividend.

(Analysts’ price target is $123.36)
$131.17

Stock price when the opinion was issued

$60.35

As of Jun 12, 2026. Market Open.

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PARTIAL BUY

Buy it strategically. A leader in innovative search solutions for enterprises, not consumers. All the hyperscalers have partnered with it, so that's a positive checkmark. 12-month price target of $129, so runway is shorter. Buy in thirds here at $112, $104, and under $100.

WEAK BUY

He's lightened up a lot on software. At this stage, probably a pretty good buy for the long term. Revenue forecast to grow ~16% per annum for the next 3 years. The space averages ~12% per annum. The place to make $$ these days within the AI revolution is the hardware (picks and shovels). 

TOP PICK
His price target is $97.50. It is a search company that allows enterprises to log, analyze and observe events in a secure environment. You could hold this one for a long term and it has a good valuation. Yield 0% (Analysts’ price target is $27.80)