15 AI News Updates Wall Street Is Monitoring

12. 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 25, Barclays raised the price target on the stock to $138 from $105 and kept an Overweight rating on the shares. The company’s better than consensus results across the board in Q2 should set a positive tone for investors, as Elastic appears to be moving past its go-to-market changes from Q1, the advisory told investors in a research note. Barclays thinks the company’s outlook creates a favorable setup into the back half of the year.