William Blair analyst Arjun Bhatia has reiterated their bullish stance on TEAM stock, giving a Buy rating today.
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Arjun Bhatia has given his Buy rating due to a combination of factors tied to Atlassian’s improving profitability profile and strategic platform investments. Management signaled that, beginning in fiscal 2027, GAAP operating income growth should meaningfully reaccelerate as prior cost-cutting, workforce streamlining, and infrastructure optimization begin to yield sustained operating leverage and a structurally lower expense base.
At the same time, Bhatia views the deliberate wind-down of Data Center in favor of Cloud as a positive long-term mix shift, since most migrating customers are adopting higher-tier subscriptions and then expanding spending over several years. Coupled with Atlassian’s unique “Teamwork Graph” data layer, which enhances the value of its AI capabilities and cross-product integrations, he believes these dynamics support durable growth and justify a favorable risk‑reward outlook for the shares.