5 Best Affordable AI Stocks to Buy Right Now

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1. Atlassian Corporation (NASDAQ:TEAM)

Forward P/E: 14.01

Atlassian Corporation (NASDAQ:TEAM) is among the Best Affordable Stocks.

On May 11, Oppenheimer raised its price target on Atlassian Corporation (NASDAQ:TEAM) to $110 from $100. It retained an “Outperform” rating on the shares. The firm noted the company’s confidence in its strategy and AI-driven platform value.

On April 30, Atlassian Corporation (NASDAQ:TEAM) reported revenue of $1.787 billion, growing by 32% YoY for the third quarter of fiscal 2026. Cloud revenue shot up by 29% to $1.132 billion, the company said. Remaining performance obligations rose 37% to $3.996 billion.

CEO Mike Cannon-Brookes said the company delivered “strong Q3 results,” and noted larger customer commitments and expansion across its AI-powered platform. CFO James Chuong added that cloud growth accelerated as customers increased usage of AI capabilities. The firm also reported a GAAP operating loss of $56.3 million and a net loss of $98.4 million, both widening YoY, including restructuring charges totaling $223.8 million.

On a non-GAAP basis, Atlassian Corporation (NASDAQ:TEAM) posted operating income of $607.2 million and net income of $456.5 million, with margins expanding to 34%.

Atlassian Corporation (NASDAQ:TEAM) is a holding company that provides software for team collaboration and productivity. Its product line includes Jira Software, Confluence, Jira Service Management, and Loom.

While we acknowledge the potential of TEAM to grow, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than TEAM and that has 100x upside potential, check out our report about the cheapest AI stock.

READ NEXT: 9 Most Profitable Tech Stocks to Buy Right Now and 10 Best Biotech Stocks to Invest In According to Billionaire Steve Cohen. 

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