14 Best IT Stocks to Buy for the Long Term

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10. Atlassian Corporation (NASDAQ:TEAM)

5-Year Revenue Growth: 26.43%

Number of Hedge Fund Holders: 82

With strong revenue growth and significant hedge fund interest, Atlassian Corporation (NASDAQ:TEAM) secures a spot on our list of the 14 Best IT Stocks to Buy for the Long Term.

On August 8, 2025, Bernstein reduced its price target on Atlassian Corporation (NASDAQ:TEAM) from $310 to $296, maintaining an ‘Outperform’ rating. This price revision comes after the company’s Q4 earnings release.

Atlassian Corporation (NASDAQ:TEAM) reports strong total revenue and cloud revenue, both surpassing expectations by 2.2% and 2.7%, respectively. The topline growth stood at 19.12% YoY, resulting in 82.31% gross margins. Thanks to a new sales leader and improved tooling, the company noted improved visibility in enterprise sales.

Meanwhile, Atlassian Corporation (NASDAQ:TEAM) expects 18% growth in FY26. At the same time, Bernstein expects growth to exceed 21%, which is in line with its three-year 20% CAGR goal.

With its collaboration software, including Jira, Confluence, Loom, Jira Service Management, and Rovo, Atlassian Corporation (NASDAQ:TEAM) helps teams connect, share knowledge, and enhance productivity at scale globally. It is one of the best IT stocks.

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