We came across a bullish thesis on Elastic N.V. on Compounding Your Wealth’s Substack by Sergey. In this article, we will summarize the bulls’ thesis on ESTC. Elastic N.V.’s share was trading at $73.38 as of January 28th. ESTC’s trailing and forward P/E were 125.08 and 26.53 respectively according to Yahoo Finance.
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Elastic (ESTC) delivered a strong quarter, demonstrating the company’s growing momentum in the AI-search era. Revenue rose 16% YoY to $423 million...
