10 AI News You Probably Missed

5. Atlassian Corporation (NASDAQ:TEAM)

Number of Hedge Fund Holders: 44

Atlassian Corporation (NASDAQ:TEAM) creates a variety of software solutions, emphasizing AI and analytics to enhance business flexibility and boost developer efficiency.

Morgan Stanley raised its price target for Atlassian (NASDAQ:TEAM) to $315 from $259, keeping an Overweight rating and naming it its top pick for 2025. The increase reflects higher growth estimates, better free cash flow projections for 2029, and a focus on 2026 for valuation.

The optimism is based on steady 20% revenue growth, over 25% free cash flow growth, and better profit margins in the next three years. Key reasons include growing market opportunities, better cross-selling and upselling, more customers moving to the cloud, strong pricing power, and improved operational efficiency aided by generative AI. Even after recent stock gains, Morgan Stanley is seeing more room for growth.