14 AI Stocks on Wall Street’s Radar

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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, Scotiabank raised the price target on the stock to $135 from $92 and kept an Outperform rating on the shares. The company delivered a strong print, and the advisory’s checks continue to show Elastic is well positioned to benefit from generative AI adoption, Scotiabank told investors.

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