5 Best Software Stocks To Buy According To Billionaire Chase Coleman

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Below are the 5 best software stocks according to billionaire Chase Coleman. For a comprehensive list and Coleman’s investment philosophy, please see 10 Best Software Stocks To Buy According To Billionaire Chase Coleman.

5. Atlassian Corporation Plc (NASDAQ: TEAM)

The software developer Atlassian Corporation Plc (NASDAQ: TEAM) is a long-running stock holding of Tiger Global Management. It is ranked at the fifth spot in the list of 10 best software stocks to buy according to Chase Coleman. TEAM stock price grew only 3.5% this year, but strong revenue growth trends will add to its upside momentum in the days ahead. Atlassian anticipated March quarter revenue in the range of $566 to $572 million, up to $85 million compared to the midpoint of previous revenue guidance.

Atlassian Corporation saw an increase in activity from the world’s largest hedge funds of late. It was in record 69 hedge funds’ portfolios at the end of the fourth quarter of 2020 compared to the previous all-time high for this statistic of 62.

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