Atlassian Corporation (TEAM): BTIG Says AI Disruption Risk Overblown

Atlassian Corporation (NASDAQ:TEAM) is one of the Stocks That Could Mint Millionaires in 2026.

Atlassian Corporation (TEAM): BTIG Says AI Disruption Risk Overblown

On December 17, BTIG analyst Allan Verkhovski initiated coverage of Atlassian Corporation (NASDAQ:TEAM) stock with a Buy rating and $220 price target. In a note to investors, the analyst noted that the AI disruption risk was overblown, with the shares down roughly 42% over the past year, and cloud revenue guidance was de-risked with the potential to grow in the mid-20 percentage range for the rest of FY26.

In earnings for the first fiscal quarter, released in late October, Atlassian Corporation (NASDAQ:TEAM) outlined updated guidance numbers. The firm raised its cloud revenue outlook by 1.5 points to 22.5% year-over-year for the 2026 fiscal year. The company also reiterated its long-term 20% CAGR growth rate target, with CEO Cannon-Brookes stating that the firm felt incredible confidence in the ability to deliver that.

Atlassian Corporation (NASDAQ:TEAM) provides collaboration software that enables organizations to connect all teams through a system of work that unlocks productivity at scale worldwide.

While we acknowledge the potential of TEAM as an investment, 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 a 100x upside potential, check out our report about the cheapest AI stock.

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