10 Best Foreign Stocks to Buy According to Billionaires

5. Atlassian Corporation (NASDAQ:TEAM)

Number of Billionaire Investors: 17

Value of Billionaire Holdings: $2.91 billion

Atlassian Corporation (NASDAQ:TEAM) designs software for businesses to manage workflows efficiently. Its tools include Jira, Confluence, Tello, and Loon, which are utilized for higher efficiency in project management, team collaboration, task organization, and video conferencing. On January 31, Piper Sandler’s Rob Owens raised the stock’s price target from $310 to $365, maintaining an Overweight rating. The upgrade follows strong earnings, with cloud revenue growth prompting a full-year guidance boost to 26.5%. Atlassian is gaining traction in AI and enterprise adoption, with a 40% rise in higher-tier product usage. Owens remains confident in the company’s potential amid improving market conditions.

On March 17, Atlassian’s Government Cloud got FedRAMP Moderate authorization, making it easier for US federal, state, and local agencies to use its cloud-based tools securely. This means government teams can switch from Atlassian Data Center to the cloud, gaining better security, compliance, and efficiency while cutting down on server maintenance. The authorization covers Jira, Confluence, and Jira Service Management.

Atlassian Corporation (NASDAQ:TEAM) is seeing strong momentum as more businesses turn to its platform for better team collaboration. The company ​​credited solid enterprise sales for driving 30% year-over-year growth in subscription revenue. In Q2 FY2025, it brought in $1.29 billion in GAAP revenue, a 21% increase from last year. Operating income rose to $335.1 million, with a non-GAAP operating margin of 26%. Net income reached $255.6 million, with earnings per share at $0.96. Free cash flow came in at $342.6 million, reflecting a 27% margin.

Atlassian Corporation (NASDAQ:TEAM) ranks among the best foreign stocks to watch, appearing in the portfolios of 17 billionaire investors.