Top 11 AI News Updates on Wall Street’s Radar

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5. Atlassian Corporation (NASDAQ:TEAM)

Number of Hedge Fund Holders: 75

Atlassian Corporation (NASDAQ:TEAM) is a software company that develops and provides collaboration tools, primarily for software development and project management. It also uses generative AI technology to create, summarize and extract information from content. Research firm Stephens initiated coverage of the stock on March 20 with an Equal Weight rating and a $255 price target.

According to the research firm, its competitive edge stems from its broad total addressable market, as its product offering offers significant reach beyond traditional DevOps. Atlassian Corporation (NASDAQ:TEAM) also boasts an extensive database of team organization and offers a sizable competitive advantage, especially in AI optimization. Its competitive position is further reinforced by the company’s established Forge ecosystem and partner network, which have been built over decades and offer significant growth prospects.

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