10 AI Stocks on Wall Street’s Radar Right Now

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

Number of Hedge Fund Holders: 47

Elastic N.V. (NYSE:ESTC) is a search AI company offering cloud-based solutions. On February 28, Stifel analyst Brad Reback raised the firm’s price target on the stock to $140 from $132 and kept a “Buy” rating on the shares. The rating, issued after the company’s earnings print, highlighted how Elastic’s revenue beat expectations by more than 3% based on its broad-based strength across the portfolio. The firm stated that certain factors can position Elastic for relative outperformance, including improvement in go-to-market execution, strong consumption trends, the large and growing GenAI opportunity, and ongoing operational efficiency position.