Why Wall Street Still Sees Upside in Atlassian (TEAM)’s AI Positioning

Atlassian Corporation (NASDAQ:TEAM) is one of the cheap AI stocks to buy in 2026.

As of March 6, 2026, Wall Street’s consensus view on Atlassian was a Moderate Buy based on 27 analyst ratings, including 20 buy ratings, five holds, and two sells. The average 12-month price target stood at $189.32. Those figures suggest that, despite mixed views at the margin, analysts remained constructive on the stock overall.

Additional Wall Street commentary turned more specific to AI on March 5, 2026, when Wells Fargo said Atlassian was well-positioned to integrate OpenAI’s Symphony framework into its products. According to the note, Atlassian already controls how work is approved, tracked, and audited inside enterprise workflows, which could make AI deployment an extension of existing workflow control rather than a replacement for the underlying system. The firm’s view framed Atlassian as a company that could embed agentic AI into established software processes.

Why Wall Street Still Sees Upside in Atlassian (TEAM)’s AI Positioning

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Atlassian Corporation (NASDAQ:TEAM) develops collaboration and productivity software, best known for Jira, Confluence, and Jira Service Management, which teams use to plan, track, and deliver work across IT, software, and business functions. It started out as a traditional software company but has increasingly become an AI-Forward company.

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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