10 AI Stocks on Analysts’ Radars

5. Atlassian Corp. (NASDAQ:TEAM)

Number of Hedge Fund Holders: 44

Atlassian Corp. (NASDAQ:TEAM) is a software firm that designs and builds project management software like Jira, Confluence, Trello, and Bitbucket to help companies with enterprise planning, incident response, and streamlining teams and documentation for enhanced business productivity. Its AI-powered suite, Atlassian Intelligence, developed internally and from OpenAI, integrates with its software tools to improve decision-making, run complex queries, offer actionable insights, recommend relevant work tasks, automate ticket resolution, and accelerate incident detection to efficiently elevate overall project management experience.

On January 31st, Wells Fargo increased Atlassian Corp.’s (NASDAQ:TEAM) stock price target to $375 from $350 and retained an “Overweight” rating. The brokerage highlighted the company’s impressive Q2 results, especially delivering considerable top-line upside and raising the guide across the board. Analysts believe the second half of the year guide appears derisked with further room for upward revisions.