10 AI Stocks on Analysts’ Radar Right Now

6. Atlassian Corporation (NASDAQ:TEAM)

Number of Hedge Fund Holders: 44

Atlassian Corporation (NASDAQ:TEAM) is a global software company that designs, develops, licenses, and maintains various software products worldwide. On February 1st, Raymond James analyst Adam Tindle raised the firm’s price target on the stock to $330 from $250 and kept an “Outperform” rating on the shares. The analyst told investors in a research note that Atlassian’s Q2 results demonstrate strong growth in its Cloud business, while guidance above expectations suggests that the growth is likely to be sustained. It further notes that Atlassian’s AI opportunity is gaining momentum, and that there are over 1M monthly active users of Rovo and Atlassian Intelligence features.