10 AI Stocks Poised for Big Moves

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

Number of Hedge Fund Holders: 64

Elastic N.V. (NYSE:ESTC) is a search AI company offering cloud-based solutions. On March 1st, Truist raised the firm’s price target on the stock to $145 from $135 and kept a “Buy” rating on the shares. According to the firm, Elastic’s Q3 results surpassed expectations, and it continues to see strong demand from its search and GenAI use cases along with upside in Cloud consumption from large customers.