10 AI News and Ratings Investors Should Not Miss

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

Number of Hedge Fund Holders: 47  

Elastic N.V. (NYSE:ESTC) 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. On November 22, Truist analyst Joel Fishbein raised the price target on the stock to $135 from $105 and kept a Buy rating on the shares. The company’s Q2 results exceeded the advisory’s reduced expectations after its lowered revenue guidance last quarter, and the management continues to see strong demand from search and GenAI use cases, along with stronger consumption than expected from larger customers, Trusit told investors in a research note.

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