15 Hot AI Stocks on Wall Street’s Radar

12. Atlassian Corporation (NASDAQ:TEAM)

Number of Hedge Fund Holders: 44

Atlassian Corporation (NASDAQ:TEAM) is one of the 15 Hot AI Stocks on Wall Street’s Radar. On August 8, Mizuho analyst Greg Moskowitz lowered the price target on the stock to $235.00 (from $265.00) while maintaining an Outperform rating.

Atlassian reported strong Q4 results, with total revenue growing 22% to over $5.2 billion and surpassing street estimates. The company also reported $1.4 billion in free cash flow for FY25.

Management has cited significant momentum in large deals and healthy cloud migration activity as primary drivers behind Atlassian’s strong growth. However, the firm noted that FY26 guidance was below consensus as expected, but slightly above their buy side expectations. It also believes that the company’s growth prospects are being underestimated.

“Meanwhile, FY26 guidance for 18% revenue growth was below consensus as expected, although it was slightly above our and buyside expectations.

More broadly, we continue to believe TEAM’s multi-year growth prospects are better than most realize, and this includes pricing power and what should be a few years of significant Data Center-to-Cloud migrations. We reiterate our Outperform, though we modestly lower our PT to $235 (from $265).”

Atlassian Corporation (NASDAQ:TEAM) is a global software company that designs, develops, licenses, and maintains various software products worldwide.