Mizuho Securities Maintains a Buy on Atlassian Corporation (TEAM)

Atlassian Corporation (NASDAQ:TEAM) is one of the best large cap stocks with more than 50% upside. In a report released on October 7, Mizuho Securities analyst Gregg Moskowitz maintained a Buy rating on Atlassian Corporation (NASDAQ:TEAM) and set a price target of $235.

Why Atlassian Corporation (TEAM) Went Down On Friday?

In other news, Atlassian Corporation (NASDAQ:TEAM) announced on September 18 that it entered into a definitive agreement for the acquisition of DX, which is a leader in engineering intelligence.

DX and Atlassian Corporation (NASDAQ:TEAM) would collaborate to empower enterprises to gain an understanding of how their AI investments help engineering teams to improve and accelerate their work.

Atlassian Corporation (NASDAQ:TEAM) provides team collaboration and productivity software, offering products such as 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 this cheapest AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.