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2023-07-21

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Elastic rises as Monness, Crespi, Hardt praises AI-focused product event

Elastic (NYSE:ESTC) shares rose more than 2% in pre-market trading on Tuesday after the company's product meeting left Wall Street analysts with a positive impression, including Monness, Crespi, Hardt

Elastic rises as Monness, Crespi, Hardt praises AI-focused product event

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Analyst Brian White, who has a neutral rating on Elastic (ESTC) shares, said the event likely gave Wall Street a \"better appreciation\" for the company's differentiation in generative AI. \"Given Elastic’s long history in the world of search and the launch of ESRE, the company highlighted four key advantages to its approach to generative AI, including superior relevancy, access to higher-quality, more accurate data, stronger privacy controls (and security), and greater cost effectiveness,\" White wrote in an investor note. 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