Why These 15 Large Tech Stocks Are Skyrocketing So Far in 2025

Page 8 of 14

7. Atlassian Corp (NASDAQ:TEAM)

Number of Hedge Fund Holders In Q3 2024: 44

Atlassian Corp (NASDAQ:TEAM) is a team collaboration and productivity company.

The stock is up significantly so far this year as it posted blockbuster Q2 FY2025 earnings. Revenue grew 21% year-over-year to $1.286 billion and beat estimates of $1.24 billion. Moreover, subscription revenue grew 30% year-over-year to $1.213 billion due to strong cloud adoption.

Non-GAAP EPS came in at $0.96 vs. $0.73 expected by analysts, and the FY2025 guidance was revised upward. Cloud revenue growth was raised to 26.5% year-over-year from the prior guidance of 25%, along with the Q3 revenue outlook at $1.35 billion vs. the $1.31 billion analyst consensus.

The consensus price target of $319.71 implies 0.4% upside.

TEAM stock is up 30.84% year-to-date.

Page 8 of 14