Is Elastic Stock a Buy?
Shares of data search and analytics firm Elastic (NYSE: ESTC) had a stellar 2020, soaring 127%. And the stock's momentum has extended into 2021 -- it's up another 15% year to date as of this writing. Even after that incredible run, though, Elastic still might be a buy as it strikes a balance between enviable growth and a reasonable valuation compared to some of its highest-flying peers.
Elastic has built itself into a top destination in the data and analytics space with its open-source Elasticsearch software. In fact, Elasticsearch has free-to-use basic functionality on Amazon's (NASDAQ: AMZN) AWS cloud computing platform, and paid premium enterprise search and cloud operations observability features are available as Amazon Elasticsearch Service.
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Source Fool.com
