Elastic NV
ESTC: XNYS (USA)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
$86.00 | Fghpxf | Stfhcqqb |
Elastic Cloud Gathers Speed as the Firm Closes Out Fiscal 2022; FVE to $62
Business Strategy and Outlook
We are positive on Elastic's prospects in the full-stack monitoring, security, and search markets. The firm's products benefit from secular tailwinds driving an accelerating increase in data for enterprises to secure, search through, and monitor. In our opinion, the firm's sticky product portfolio, broad swath of products that enable clients to conduct a variety of mission-critical tasks, and increased penetration in the enterprise market have enabled Elastic to form a narrow economic moat around its business.