Elastic: Path To Re-Rating Getting Clearer

Group 1 - The core thesis for investing in Elastic (NYSE: ESTC) is based on attractive valuation and growth drivers such as GenAI adoption, GTM reset, and hyperscaler partnerships [1] - Recent evidence indicates an increase in GenAI usage on Elastic, supporting the investment thesis [1] - The investment approach focuses on identifying undervalued companies with long-term growth potential, emphasizing value investing principles [1]