$ESTC is undervalued by 50-100% Elastic NVBATS:ESTCbigbull037- ESTC is growing high teens percentage. Its revenue will keep on growing with volume of data stored. As queries get expensive if it queries huge amount of data. - Fundamentally, Currently ESTC trade at $54.81 with a market cap of 5.67 billion and has a yearly revenue of $1.483 billion in 2025 and is expected to generate a revenue of $1.734 B - Therefore, on a bear case, P/S multiple should at least be 5x , base case 7x and bull case 9x - Market cap should be 8.67B (bear), $12.13 B (base) , $15B (bull) - Potential Upside would be: 52% , 113%, 164% - Target Stock price : $83 (bear) , $116 (base) , $144 (bull)