I was previously positive on Elastic ( ESTC ), as I had the view that GenAI adoption would continue and that cloud transition would help reaccelerate growth. I reiterate my buy rating, as GenAI adoptionI'm a passionate investor with a strong foundation in fundamental analysis and a keen eye for identifying undervalued companies with long-term growth potential. My investment approach is a blend of value investing principles and a focus on long-term growth. I believe in buying quality companies at a discount ...

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] Company Analysis - Elastic is expected to benefit from the ongoing adoption of GenAI technologies, which could enhance its market position and growth potential [1] - The transition to cloud services is seen as a key factor that will help Elastic reaccelerate its growth trajectory [1] 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]