Elastic: RPO Acceleration And Rich FCF
Elastic N.V. continues to present a strong investment opportunity following a recent 30% stock rally. The company's fiscal Q4 results surpassed expectations, with positive guidance and a growing backlog from AI-native clients. Despite this, the stock's valuation reflects ongoing market skepticism regarding AI risks.
- ▪Elastic's recent fiscal Q4 results exceeded expectations.
- ▪The company has a growing backlog from AI-native customers.
- ▪At a $65 share price, Elastic has a $5.9 billion enterprise value.
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