Sorapop/iStock via Getty Images Investment Thesis Elastic (ESTC) specializes in search analytics, offering a platform that allows businesses to swiftly search and analyze extensive datasets in real time. The stock had gone largely nowhere for a prologue period post-pandemic. But of late, on the back of its strong improvements in profitability, the stock is now once more attractive. According to my estimates, in fiscal 2025 (starting in May 2024) Elastic's underlying profitability will meaningfully increase ...