15 Trending AI Stocks on Latest News and 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 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, Wedbush upgraded the stock to Outperform from Neutral with a $135 price target. It is time for the broader software space to get in on the AI Party, the advisory told investors in a research note. Wedbush believes the use cases are exploding, the enterprise consumption phase will begin in 2025 with a launch of large language models across the board, and the true adoption of generative AI will be a major catalyst for the software sector.

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