Elastic has been named a Leader in the 2025 Gartner Magic Quadrant for Observability Platforms

Elastic (NYSE:ESTC) is one of the best tech stocks to buy under $100. On July 10, Elastic announced that Gartner positioned it as a Leader in the 2025 Magic Quadrant for Observability Platforms for its Elastic Observability offering. This marks the second consecutive year Elastic has achieved this recognition, which is a result of Gartner’s evaluation of the company’s overall Completeness of Vision and Ability to Execute.

Elastic Observability is powered by Elastic’s Search AI Platform and is designed to help organizations monitor, troubleshoot, and optimize their entire ecosystem. Elastic’s native integration with OpenTelemetry allows organizations to standardize on open-source instrumentation without custom connectors. The platform also offers an AI-driven Assistant that uses Retrieval Augmented Generation/RAG to connect to enterprise knowledge.

Elastic Observability features zero-config AIOps, using out-of-the-box ML capabilities to detect anomalies, forecast trends, and uncover patterns. Its powerful piped query language (ES|QL) facilitates advanced and faster queries for complex investigations. Additionally, Elastic’s Search AI Lake supports petabytes of structured and unstructured data.

Elastic (NYSE:ESTC) is a search AI company that provides software platforms to run in hybrid, public, or private clouds and multi-cloud environments in the US and internationally.

While we acknowledge the potential of ESTC as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.