William Blair analyst Arjun Bhatia has reiterated their bullish stance on TEAM stock, giving a Buy rating today.
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Arjun Bhatia has given his Buy rating due to a combination of factors including Atlassian’s solid fourth-quarter performance and modest acceleration in cloud revenue growth. The company’s initial cloud revenue guidance aligned with market expectations, which was a positive outcome amidst prior uncertainties. Atlassian’s focus on key growth drivers such as enterprise expansion, cloud migrations, and cross-selling initiatives is expected to support its growth trajectory.
Additionally, Bhatia highlights the promising outlook for Atlassian’s go-to-market strategies and AI investments, which are anticipated to yield benefits in fiscal 2026 and beyond. The stock is trading at a valuation that is considered reasonable compared to its peers, offering a buying opportunity given its strong fundamentals and long-term positioning. Despite a significant stock price pullback, the potential for accelerated cloud migrations and increased product usage further supports the Buy recommendation.
According to TipRanks, Bhatia is a 3-star analyst with an average return of 2.8% and a 44.96% success rate. Bhatia covers the Technology sector, focusing on stocks such as InterDigital, NICE, and HubSpot.
In another report released today, Jefferies also maintained a Buy rating on the stock with a $262.00 price target.