Should You Buy This Mid Cap Tech Stock Now-ESTC

Acrobull UK Advisory Services Ltd.

November 24			2025
Name	Ticker	Sector/Industry		Market Cap	Risk Factor
Elastic N.V.	ESTC-NYSE	Technology		$7.443 Billion	Medium

Elastic N.V., a company specializing in search artificial intelligence (AI), offers software platforms designed to operate across hybrid, public, private, and multi-cloud environments, both in the U.S. and globally. The company primarily provides the Elastic Search AI Platform, a suite of software products that ingest and store data from a variety of sources and formats, enabling search, analysis, and visualization of that data.

Recent Highlights

CEO Statement- Q2 was an exceptional quarter for Elastic, as we exceeded the high end of our guidance across all key metrics. Our strong performance reflects robust growth across the company, with AI making a significant impact on every area of our business,” said Ash Kulkarni, CEO of Elastic.

This growth is a direct result of our continued focus on delivering innovative solutions that leverage our deep expertise in managing unstructured data. With our clear product differentiation, leadership in context engineering, and ability to meet the growing demand for AI-powered search, observability, and security solutions, Elastic is uniquely positioned to lead the market and help our customers thrive in an increasingly data-driven world.

Second Quarter 2026 Financial Highlights

For Q2, Elastic reported total revenue of $423 million, reflecting a 16% year-over-year increase, or 15% on a constant currency basis.

Subscription revenue amounted to $398 million, growing 17% compared to the same period last year, or 16% on a constant currency basis. Within this, sales-led subscription revenue—defined as subscription revenue excluding Monthly Elastic Cloud—reached $349 million, marking an 18% year-over-year increase, or 17% on a constant currency basis.

Elastic Cloud revenue was $206 million, representing a 22% year-over-year growth, both as reported and on a constant currency basis. Additionally, current remaining performance obligations stood at $971 million, a 17% increase year-over-year, or 15% on a constant currency basis.

These results underscore the continued strong demand for Elastic's solutions, reflecting growth across both traditional and cloud-based offerings, while highlighting the company's expanding presence in the global market.

Stock Observation-Looking ahead, Elastic remains well-positioned to continue its strong growth trajectory, building on the momentum from Q2. With total revenue of $423 million, reflecting a 16% year-over-year increase (or 15% on a constant currency basis), we are confident in our ability to drive sustained expansion as we further capitalize on the growing demand for our AI-powered search, observability, and security solutions. As we continue to innovate and expand our product offerings, we expect to see ongoing growth across both our subscription and cloud-based revenue streams, reinforcing our leadership in the market.

Risk Involved- Financial performance of the company may have an impact on the company stock performance.

Considering all the factors and financials of the company Acrobull UK maintains Buy for the stock.

Disclaimer- Though our research is fundamentally and technically based on Acrobull UK only provides general advice on the stocks and it is imperative for the investors to do the risk assessment for themselves before investing as Acrobull UK would not be liable for any loss or profit arising out through the investment made by the investors on our recommendations.

It is also advisable for the investors to consult with Financial Advisor, Broker or to seek any legal assistance as the research conducted by Acrobull UK is factually based and recommendations are given in accordance with that, but it is imperative to understand that Acrobull UK does not guarantee returns.

Acrobull UK Recommendation Based on Evaluation

Current Market Price	$70.04 USD
Acrobull Recommendation	Buy
Target Price	$79.20 USD
RSI Level	25 RSI
Total Shares Outstanding	105.82 Million
Shares Held by Insiders Shares Held by Institutions Risk Factor Stop Loss	12.13% 88.80% Medium 5%