Morgan Stanley analyst Keith Weiss has maintained their bullish stance on TEAM stock, giving a Buy rating yesterday.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Keith Weiss has given his Buy rating due to a combination of factors that suggest a positive outlook for Atlassian’s future performance. Despite current investor concerns and a significant drop in share value, Weiss believes that these worries are overstated. He anticipates Atlassian will achieve sustained growth of over 20% and modest margin expansion in the coming years, which should alleviate investor fears.
Weiss points to several growth levers that could enable Atlassian to provide an initial FY26 guidance of approximately 18% year-over-year revenue growth. This projection, while slightly below consensus, is expected to be sufficient to reassure investors of Atlassian’s ability to maintain strong growth. Additionally, the company’s valuation presents an attractive entry point for long-term investors, further supporting the Buy rating.
Weiss covers the Technology sector, focusing on stocks such as Microsoft, Intuit, and Salesforce. According to TipRanks, Weiss has an average return of 13.3% and a 65.10% success rate on recommended stocks.
In another report released yesterday, Bernstein also maintained a Buy rating on the stock with a $310.00 price target.