10 Important AI Announcements for Investors

7. Atlassian Corporation (NASDAQ:TEAM)

Number of Hedge Fund Holders: 44

Atlassian Corporation (NASDAQ:TEAM) designs and develops a wide range of software products. The company focuses on AI and analytics integration to improve business agility and developer productivity.

Mizuho analysts, led by Gregg Moskowitz, are highly optimistic about the growth of cloud adoption in the coming years and consider Atlassian (NASDAQ:TEAM) as one of the companies to benefit. The firm raised the company’s price target to $285 from $240, maintaining an Outperform rating, mentioning that its strategy is built on two key elements: advanced technologies like AI and a growing portfolio of cloud-exclusive products. The combination is expected to significantly accelerate the shift of customers from on-premises Data Center solutions to cloud-based services over the next two to three years.