Elastic Rises 21% in 3 Months: Should Investors Buy the Stock?

Elastic (ESTC) shares have climbed 20.5% over the past three months, outperforming the Zacks Computer and Technology sector, Zacks Internet - Software industry and the S&P 500 index’s appreciation of 2.4%, 4.2% and 0.9%, respectively.This strong performance highlights investor confidence in Elastic’s position in the data analytics space that provides innovative and secure artificial intelligence (AI)-powered search solutions. With such an outperformance, investors must be wondering – Is ESTC stock still wor ...