15 AI Stocks to Watch: News and Analyst Ratings

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

Number of Hedge Fund Holders: 47

Elastic N.V. (NYSE:ESTC) is a search-focused AI company that empowers users to leverage search-driven AI to access real-time answers from their data securely and at scale.

On November 22, Baird upgraded Elastic to “Outperform” from Neutral with a price target of $135, up from $95. The firm considers Elastic as an “artificial intelligence beneficiary”.

“We are upgrading Elastic to Outperform due to a significant unexpected turnaround in execution, evident in Q2′s results, highlighted by strong commitments, healthy consumption, improved win-rates and GenAI-inflection validating our medium-term/long-term thesis.”

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