Bernstein Reduces PT on Atlassian Corporation (TEAM) Following Q4 Earnings Release

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.

Bernstein Reduces PT on Atlassian Corporation (TEAM) Following Q4 Earnings Release

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.

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 this cheapest AI stock.

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Disclosure: None.