Elastic: Remain Confident That Growth Will Accelerate (NYSE:ESTC)

Core Viewpoint - The analyst maintains a positive outlook on Elastic (ESTC), believing that the adoption of Generative AI (GenAI) and the transition to cloud services will drive growth reacceleration [1] Group 1: Company Analysis - Elastic is expected to benefit from the ongoing adoption of GenAI, which is anticipated to enhance its growth prospects [1] - The transition to cloud services is seen as a key factor that will help Elastic reaccelerate its growth trajectory [1] Group 2: Investment Strategy - The investment approach focuses on identifying undervalued companies with long-term growth potential, emphasizing the importance of buying quality companies at a discount to their intrinsic value [1]