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ESTC vs SNOW
Which Stock Would AI Choose? Elastic (ESTC) vs. Snowflake (SNOW) Stock Comparison
Key Takeaways
- ESTC (Elastic, the "Search AI Company") delivered a beat-and-raise quarter, with subscription revenue accelerating on rising enterprise AI adoption, though its overall scale remains far smaller than Snowflake's.
- SNOW (Snowflake) reaccelerated product revenue growth to the mid-30% range, signed a $6 billion multiyear deal with Amazon Web Services (AWS), and has been one of the strongest software performers this year.
- Both names are riding the same AI-infrastructure tailwind, but they play different roles: Elastic focuses on search, observability, and security, while Snowflake anchors a cloud data platform.
- Snowflake commands a much larger market capitalization and a premium sales multiple, while Elastic trades at a comparatively lower valuation relative to its growth rate.
- Relative performance has diverged sharply: Snowflake has set fresh 52-week highs, while Elastic has surged following its own earnings-driven rally.
Introduction
Elastic and Snowflake sit at the intersection of cloud software and artificial intelligence, yet they solve different problems for enterprises. This stock comparison examines how the two companies' relative performance, growth drivers, and market positioning differ in the current environment. Traders and investors weighing enterprise-software exposure against cloud-data infrastructure may find the contrast instructive, particularly because both stocks have delivered sharp moves in recent weeks on AI-related catalysts. Understanding where each business generates revenue—and how the market is pricing that growth—helps clarify which name offers a more consistent trend versus a higher-momentum, higher-multiple profile.
ESTC Overview and Recent Performance
ESTC is Elastic N.V., a Netherlands-based software provider best known for Elasticsearch and its broader "Elastic Stack" used for search, observability, and security. The company has repositioned itself as a Search AI platform, integrating generative AI and vector search into enterprise data workflows. Recent quarters have shown accelerating subscription momentum, with sales-led subscription revenue growing faster than total revenue and a rising share of large customers—those paying more than $100,000 annually—adopting AI features.
Recent market activity has been notably strong. Elastic's stock rallied sharply in a single month after a broad software-sector rebound was followed by a beat-and-raise earnings report, and the company raised its full-year revenue and margin outlook. Management cited enterprise AI adoption and multi-year commitments as key drivers, and the consensus price target has been revised meaningfully higher. Still, the shares trade at a much smaller market capitalization than Snowflake, and sentiment has been more volatile, reflecting a growth profile that is solid but slower than Snowflake's recent reacceleration.
SNOW Overview and Recent Performance
SNOW is Snowflake Inc., a cloud data platform company whose customers store, query, and analyze data across multiple clouds. In recent quarters, Snowflake has positioned its platform as a hub for AI workloads, launching agentic tools such as Snowflake Intelligence and its coding agent Cortex Code. Product revenue growth reaccelerated into the mid-30% range, and a closely watched net revenue retention rate of 126% signaled that existing customers continue to increase spending.
Recent market activity has been exceptionally strong. Snowflake announced a five-year, $6 billion infrastructure commitment to Amazon Web Services (AWS) alongside better-than-expected results, triggering one of the largest single-session gains in the company's history. Management subsequently raised its full-year product revenue guidance, and the stock has set new 52-week highs while outperforming the broader market year to date. The trade-off is valuation: Snowflake remains unprofitable on a GAAP (generally accepted accounting principles) basis and trades at a premium price-to-sales multiple, leaving less room for error relative to its recent momentum.
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Head-to-Head Comparison
The two companies occupy adjacent but distinct niches. Elastic monetizes search, observability, and security through a flexible hybrid model spanning cloud, on-premises, and air-gapped deployments, which resonates with regulated industries. Snowflake is a consumption-based data platform whose revenue tracks customer usage, making it more sensitive to AI workload adoption but also more scalable when consumption accelerates.
On growth, Snowflake has the edge in both scale and velocity, with product revenue growing roughly twice as fast as Elastic's total revenue. On profitability, the picture flips: Elastic is more mature operationally, generating positive adjusted free cash flow and GAAP profits, while Snowflake remains GAAP-unprofitable despite expanding non-GAAP operating margins. Valuation reflects this contrast—Snowflake's premium multiple prices in sustained high growth, whereas Elastic trades more conservatively relative to its expansion rate.
Risk factors also differ. Snowflake's momentum hinges on continued AI consumption and its large AWS commitment translating into durable demand, while Elastic faces competition from hyperscaler-bundled tools and open-source alternatives. Both carry concentration risk in a software sector sensitive to interest-rate expectations and valuation compression.
Tickeron AI Verdict
Based on observable factors such as trend consistency, stability, catalysts, and relative positioning, Tickeron's AI would likely favor SNOW in the current environment. The stock's reaccelerating product revenue, strengthening net revenue retention, rising guidance, and fresh 52-week highs reflect a more consistent, higher-momentum trend with clearer near-term catalysts. Elastic offers an attractive valuation and improving fundamentals, but its trend has been more volatile and its growth slower. The assessment is probabilistic rather than definitive: Snowflake's elevated multiple introduces downside sensitivity if AI-driven consumption cools, so the comparative edge rests on momentum and positioning rather than guaranteed outperformance.
Disclaimer
The information on this webpage is provided for general informational and educational purposes only and is not intended as investment advice, a recommendation to purchase or sell any security, or an offer or solicitation related to investments. It does not consider your personal financial situation, goals, or risk profile, and all investing carries inherent risks, including the possibility of losing your entire investment. For more details, please review our full disclaimer.
To compare these two companies we present long-term analysis, their fundamental ratings and make comparative short-term technical analysis which are presented below. The conclusion is ESTC is a StrongBuy and SNOW is a Buy.
Momentum Indicator for ESTC turns positive, indicating new upward trend
ESTC saw its Momentum Indicator move above the 0 level on October 20, 2026. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 88 similar instances where the indicator turned positive. In 71 of the 88 cases, the stock moved higher in the following days. The odds of a move higher are at 81%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The Moving Average Convergence Divergence (MACD) for ESTC just turned positive on October 22, 2026. Looking at past instances where ESTC's MACD turned positive, the stock continued to rise in 38 of 49 cases over the following month. The odds of a continued upward trend are 78%.
Following a +8.23% 3-day Advance, the price is estimated to grow further. Considering data from situations where ESTC advanced for three days, in 216 of 292 cases, the price rose further within the following month. The odds of a continued upward trend are 74%.
The Aroon Indicator entered an Uptrend today. In 134 of 188 cases where ESTC Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 71%.
Bearish Trend Analysis
The 10-day RSI Indicator for ESTC moved out of overbought territory on October 27, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 25 similar instances where the indicator moved out of overbought territory. In 20 of the 25 cases, the stock moved lower in the following days. This puts the odds of a move lower at 80%.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where ESTC declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 77%.
ESTC broke above its upper Bollinger Band on October 23, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
Fundamental Analysis (Ratings)
The Tickeron PE Growth Rating for this company is 6 (best 1 - 100 worst), pointing to outstanding earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron SMR rating for this company is 31 (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Price Growth Rating for this company is 34 (best 1 - 100 worst), indicating steady price growth. ESTC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of 80 (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (8.543) is normal, around the industry mean (-0.834). P/E Ratio (29.640) is within average values for comparable stocks, (15.481). Projected Growth (PEG Ratio) (1.370) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.077) among similar stocks. P/S Ratio (5.043) is also within normal values, averaging (71.128).
The Tickeron Profit vs. Risk Rating rating for this company is 100 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. ESTC’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock worse than average.
SNOW sees its Stochastic Oscillator climbs out of oversold territory
On October 26, 2026, the Stochastic Oscillator for SNOW moved out of oversold territory and this could be a bullish sign for the stock. Traders may want to buy the stock or buy call options. Tickeron's A.I.dvisor looked at 67 instances where the indicator left the oversold zone. In 58 of the 67 cases the stock moved higher in the following days. This puts the odds of a move higher at over 87%.
Technical Analysis (Indicators)
Bullish Trend Analysis
SNOW moved above its 50-day moving average on October 26, 2026 date and that indicates a change from a downward trend to an upward trend.
Following a +3.68% 3-day Advance, the price is estimated to grow further. Considering data from situations where SNOW advanced for three days, in 239 of 315 cases, the price rose further within the following month. The odds of a continued upward trend are 76%.
SNOW may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The 10-day RSI Indicator for SNOW moved out of overbought territory on October 12, 2026. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 28 similar instances where the indicator moved out of overbought territory. In 21 of the 28 cases, the stock moved lower in the following days. This puts the odds of a move lower at 75%.
The Momentum Indicator moved below the 0 level on October 14, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on SNOW as a result. In 71 of 86 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 83%.
The Moving Average Convergence Divergence Histogram (MACD) for SNOW turned negative on October 15, 2026. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In 38 of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at 78%.
The 10-day moving average for SNOW crossed bearishly below the 50-day moving average on October 23, 2026. This indicates that the trend has shifted lower and could be considered a sell signal. In 7 of 9 past instances when the 10-day crossed below the 50-day, the stock continued to move higher over the following month. The odds of a continued downward trend are 78%.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where SNOW declined for three days, the price rose further in 50 of 62 cases within the following month. The odds of a continued downward trend are 77%.
Fundamental Analysis (Ratings)
The Tickeron Price Growth Rating for this company is 36 (best 1 - 100 worst), indicating steady price growth. SNOW’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Seasonality Score of 50 (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.
The Tickeron PE Growth Rating for this company is 81 (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Valuation Rating of 85 (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (55.377) is normal, around the industry mean (-0.834). P/E Ratio (-106.442) is within average values for comparable stocks, (15.481). Projected Growth (PEG Ratio) (8.244) is also within normal values, averaging (2.824). Dividend Yield (0.000) settles around the average of (0.077) among similar stocks. P/S Ratio (20.964) is also within normal values, averaging (71.128).
The Tickeron Profit vs. Risk Rating rating for this company is 89 (best 1 - 100 worst), indicating that the returns do not compensate for the risks. SNOW’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 93, placing this stock better than average.
The Tickeron SMR rating for this company is 98 (best 1 - 100 worst), indicating weak sales and an unprofitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
ESTC | SNOW | ||
|---|---|---|---|
OUTLOOK RATING 1..100 | 34 | 17 | |
VALUATION overvalued / fair valued / undervalued 1..100 | 80 Overvalued | 85 Overvalued | |
PROFIT vs RISK RATING 1..100 | 100 | 89 | |
SMR RATING 1..100 | 31 | 98 | |
PRICE GROWTH RATING 1..100 | 34 | 36 | |
P/E GROWTH RATING 1..100 | 6 | 81 | |
SEASONALITY SCORE 1..100 | n/a | 50 |
Tickeron ratings are formulated such that a rating of 1 designates the most successful stocks in a given industry, while a rating of 100 points to the least successful stocks for that industry.
ESTC's Valuation (80) in the Packaged Software industry is in the same range as SNOW (85) in the Other Consumer Services industry. This means that ESTC’s stock grew similarly to SNOW’s over the last 12 months.
SNOW's Profit vs Risk Rating (89) in the Other Consumer Services industry is in the same range as ESTC (100) in the Packaged Software industry. This means that SNOW’s stock grew similarly to ESTC’s over the last 12 months.
ESTC's SMR Rating (31) in the Packaged Software industry is significantly better than the same rating for SNOW (98) in the Other Consumer Services industry. This means that ESTC’s stock grew significantly faster than SNOW’s over the last 12 months.
ESTC's Price Growth Rating (34) in the Packaged Software industry is in the same range as SNOW (36) in the Other Consumer Services industry. This means that ESTC’s stock grew similarly to SNOW’s over the last 12 months.
ESTC's P/E Growth Rating (6) in the Packaged Software industry is significantly better than the same rating for SNOW (81) in the Other Consumer Services industry. This means that ESTC’s stock grew significantly faster than SNOW’s over the last 12 months.
| ESTC | SNOW | |
|---|---|---|
| RSI ODDS (%) | 2 days ago 80% | 2 days ago 75% |
| Stochastic ODDS (%) | 2 days ago 80% | 2 days ago 87% |
| Momentum ODDS (%) | 2 days ago 81% | 2 days ago 83% |
| MACD ODDS (%) | 2 days ago 78% | 2 days ago 78% |
| TrendWeek ODDS (%) | 2 days ago 76% | 2 days ago 76% |
| TrendMonth ODDS (%) | 2 days ago 79% | 2 days ago 75% |
| Advances ODDS (%) | 3 days ago 74% | 2 days ago 76% |
| Declines ODDS (%) | 15 days ago 77% | 13 days ago 77% |
| BollingerBands ODDS (%) | 2 days ago 85% | 2 days ago 81% |
| Aroon ODDS (%) | 2 days ago 71% | N/A |
Long-Term Analysis
It is best to consider a long-term outlook for a ticker by using Fundamental Analysis (FA) ratings. The rating of 1 to 100, where 1 is best and 100 is worst, is divided into thirds. The first third (a green rating of 1-33) indicates that the ticker is undervalued; the second third (a grey number between 34 and 66) means that the ticker is valued fairly; and the last third (red number of 67 to 100) reflects that the ticker is overvalued. We use an FA Score to show how many ratings show the ticker to be undervalued (green) or overvalued (red).
ESTC’s FA Score shows that 2 FA rating(s) are green while SNOW’s FA Score has 0 green FA rating(s).
- ESTC’s FA Score: 2 green, 3 red.
- SNOW’s FA Score: 0 green, 5 red.
Short-Term Analysis
It is best to consider a short-term outlook for a ticker by using Technical Analysis (TA) indicators. We use Odds of Success as the percentage of outcomes which confirm successful trade signals in the past.
If the Odds of Success (the likelihood of the continuation of a trend) for each indicator are greater than 50%, then the generated signal is confirmed. A green percentage from 90% to 51% indicates that the ticker is in a bullish trend. A red percentage from 90% - 51% indicates that the ticker is in a bearish trend. All grey percentages are below 50% and are considered not to confirm the trend signal.
ESTC’s TA Score shows that 4 TA indicator(s) are bullish while SNOW’s TA Score has 4 bullish TA indicator(s).
- ESTC’s TA Score: 4 bullish, 4 bearish.
- SNOW’s TA Score: 4 bullish, 5 bearish.
Price Growth
ESTC (@Packaged Software) experienced а +10.34% price change this week, while SNOW (@Packaged Software) price change was +5.57% for the same time period.
The average weekly price growth across all stocks in the @Packaged Software industry was -0.07%. For the same industry, the average monthly price growth was -0.94%, and the average quarterly price growth was +0.36%.
Reported Earning Dates
ESTC is expected to report earnings on Nov 19, 2026.
SNOW is expected to report earnings on Dec 02, 2026.
Industries' Descriptions
@Packaged Software (-0.07% weekly)Packaged software comprises multiple software programs bundled together and sold as a group. For example, Microsoft Office includes multiple applications such as Excel, Word, and PowerPoint. In some cases, buying a bundled product is cheaper than purchasing each item individually[s20] . Microsoft Corporation, Oracle Corp. and Adobe are some major American packaged software makers.
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ESTC and
Correlation & Price change
A.I.dvisor indicates that over the last year, ESTC has been closely correlated with COIN. These tickers have moved in lockstep 66% of the time. This A.I.-generated data suggests there is a high statistical probability that if ESTC jumps, then COIN could also see price increases.
| Ticker / NAME | Correlation To ESTC | 1D Price Change % | ||
|---|---|---|---|---|
| ESTC | 100% | -0.72% | ||
| COIN - ESTC | 66% Closely correlated | +0.93% | ||
| NOW - ESTC | 65% Loosely correlated | -2.15% | ||
| CLSK - ESTC | 65% Loosely correlated | +5.41% | ||
| TEAM - ESTC | 60% Loosely correlated | -1.79% | ||
| WDAY - ESTC | 60% Loosely correlated | -1.46% | ||
More | ||||
SNOW and
Correlation & Price change
A.I.dvisor indicates that over the last year, SNOW has been closely correlated with MDB. These tickers have moved in lockstep 67% of the time. This A.I.-generated data suggests there is a high statistical probability that if SNOW jumps, then MDB could also see price increases.
| Ticker / NAME | Correlation To SNOW | 1D Price Change % | ||
|---|---|---|---|---|
| SNOW | 100% | +0.74% | ||
| MDB - SNOW | 67% Closely correlated | +0.19% | ||
| COIN - SNOW | 63% Loosely correlated | +0.93% | ||
| NET - SNOW | 62% Loosely correlated | -1.22% | ||
| CLSK - SNOW | 61% Loosely correlated | +5.41% | ||
| ESTC - SNOW | 59% Loosely correlated | -0.72% | ||
More | ||||
| 1 Day | |||
|---|---|---|---|
| ETFs / NAME | Price $ | Chg $ | Chg % |
| SPY | 769.66 | 4.29 | +0.56% |
| State Street SPDR S&P 500 ETF (SPY) | |||
| SMOM | 29.99 | 0.01 | +0.05% |
| Symmetry Panoramic Sector Momentum ETF (SMOM) | |||
| VRAI | 28.63 | -0.05 | -0.16% |
| Virtus Real Asset Income ETF (VRAI) | |||
| SPUC | 48.42 | -0.22 | -0.45% |
| Simplify US Equity Income ETF (SPUC) | |||
| SYLD | 85.02 | -0.61 | -0.71% |
| Cambria Shareholder Yield ETF (SYLD) | |||