Added to YB: 2026-01-07
Pitch date: 2026-01-05
ESTC [bullish]
Elastic N.V.
-21.99%
current return
Author Info
No bio for this author
Company Info
Elastic N.V., a search artificial intelligence (AI) company, provides software platforms to run in hybrid, public or private clouds, and multi-cloud environments in the United States and internationally.
Market Cap
$6.4B
Pitch Price
$74.50
Price Target
103.00 (+66%)
Dividend
N/A
EV/EBITDA
-619.12
P/E
-58.28
EV/Sales
3.46
Sector
Software
Category
value
Elastic NV ($ESTC): The Market Might be Wrong About this SaaS Company
ESTC: Transitioning from growth to profitability stage. 'Hybrid search' leader combining vector+keyword search for unstructured data (90% of enterprise data). 20% sales-led revenue growth, 42% expansion in new GenAI cohorts vs 20% historical. Rule of 40 improving from 29% to 35%. Trades 3.8x EV/Sales vs peers at 11-13x despite similar fundamentals. Market pricing only 11-12% FCF growth - easily achievable hurdle.
Read full article (13 min)