🚀 Elastic NV (NYSE:ESTC) stock rocketed 22% to $75.22 this Friday afternoon! The Dutch data whizzes reported a sizzling 17% YoY surge in their Q1 2024 revenue, hitting a cool $293.75 million. And hey, they left the analyst prediction of $284.44 million eating dust!

Hold onto your hats, their adjusted EPS? A smooth $0.25, eclipsing the modest expectation of just $0.11. 🔥

CEO Ash Kulkarni beamed, "Our kick-off to the fiscal year was stellar! Our AI-fueled platform's becoming everyone's go-to. Oh, and did we mention our growing love for Elasticsearch as a vector database? Generative AI's the word around town too!"

Cherry on top? A dazzling cash stash of $957 million to wrap up July 2023.

Peeking at Q2? They're dialing up their forecast to a spicy $303-$305 million in revenue, with an EPS prediction of $0.23-$0.25. 🌶️

Stifel analysts, feeling the buzz, jacked up their target from $70 to a sweet $83 a share.

To cap it? Elastic shares have zoomed by 50% this year. Catch the wave! #ElasticSurge 🌊📈

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