Here's Why Elastic Stock Popped Again Today

Enterprise software company Elastic (NYSE: ESTC) reported financial results for its fiscal second quarter of 2025 last week and the report was met with enthusiasm from investors. The stock gained over 20% last week primarily thanks to its Q2 report.

Elastic stock is on the move again today thanks to some commentary from Wedbush analyst Dan Ives. According to The Fly, Ives basically believes that the moment has come for artificial intelligence (AI) to catalyze growth for software companies, including Elastic. He (as well as other prominent analysts) is consequently recommending that investors buy Elastic stock, sending shares higher.

As of 11:30 a.m. ET, Elastic stock was up about 4%, but it had been up nearly 8% earlier in the day.

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Source Fool.com