Atlassian Corporation (NASDAQ:TEAM) is one of the Stocks That Could Mint Millionaires in 2026.
On December 17, BTIG analyst Allan Verkhovski initiated coverage of Atlassian Corporation (NASDAQ:TEAM) stock with a Buy rating and $220 price target. In a note to investors, the analyst noted that the AI disruption risk was overblown, with the shares down roughly 42% over the past year, and cloud revenue guidance was de-risked with the potential to grow in the mid-20 percentage range for the rest of FY26.
In earnings for the first fiscal quarter, released in late October, Atlassian Corporation (NASDAQ:TEAM) outlined updated guidance numbers. The firm raised its cloud revenue outlook by 1.5 points to 22.5% year-over-year for the 2026 fiscal year. The company also reiterated its long-term 20% CAGR growth rate target, with CEO Cannon-Brookes stating that the firm felt incredible confidence in the ability to deliver that.
Atlassian Corporation (NASDAQ:TEAM) provides collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide.
While we acknowledge the potential of TEAM 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.
