10 Stocks with Huge Growth Potential According to the Media

7. Atlassian Corporation (NASDAQ:TEAM)

Stock Upside Potential: 68.02%

Number of Hedge Fund Holders: 60

Atlassian Corporation (NASDAQ:TEAM) is one of the stocks with huge growth potential, according to the media. On January 22, Morgan Stanley analyst Keith Weiss reiterated that Atlassian Corporation (NASDAQ:TEAM) is trading at deeply discounted levels following a deep pullback.

According to the analyst, the deep sell-off comes amid investors overstating the risks posed by artificial intelligence. “AI is a tailwind for TEAM,” the Weiss wrote, citing “more developers, more complex AI app work needing coordination and AI-infused products” that should “boost stickiness, migrations, and upsell.”

The investment bank has also reiterated the company’s strong momentum and traction, with a broad solution portfolio and a diversified user base. In addition, the firm insists the company’s topline guidance looks conservative given steadier IT budgets and ramping product cycles.

Meanwhile, on January 20, TD Cowen reiterated a Hold rating on the stock but cut the price target to $175 from $205. The cautious outlook comes as the research firm touts constructive checks on Jira Service Management momentum, cloud migrations, new packaging options, and active sales hiring at the software company.

Atlassian Corporation (NASDAQ:TEAM) is a global software company that develops products for software developers, project managers, and teams to collaborate, plan, and track work. Their tools facilitate DevOps, IT service management (ITSM), and content management, with popular products including Jira, Confluence, Trello, and Bitbucket.