15 AI News That Broke The Internet

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

Number of Hedge Fund Holders: 47

On November 25, Citi analyst Tyler Radke raised the firm’s price target on Elastic N.V. (NYSE:ESTC), the search AI company, to $150 from $136 and kept a “Buy” rating on the shares. The company has had a great second quarter, recovering from mistakes and bouncing back with accelerated bookings, billings growth, and ramping generative artificial intelligence contribution, the analyst told investors. The analyst firm believes that generative AI is “driving a renaissance in the company’s core search business”.

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