Latest Analyst Views on Coatue’s Favorite 33 AI Stocks

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23. Elastic N.V. (NYSE:ESTC)

Number of Hedge Fund Holders: 64  

Barclays analyst Raimo Lenschow recently lowered the price target on Elastic N.V. (NYSE:ESTC) to $124 from $138 and kept an Overweight rating on the shares as part of a Q1 earnings preview. Elastic is a search artificial intelligence company that delivers hosted and managed solutions designed to run in hybrid, public or private clouds, and multi-cloud environments. The advisory thinks off-cycle software results will mirror the on-cycle names with solid Q1 numbers but cautious guidance. The share price moves will all be about positioning, the analyst tells investors in a research note.

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