UBS Maintains a Hold Rating on ​Atlassian Corporation (TEAM)

​Atlassian Corporation (NASDAQ:TEAM) is 1 of the Best 52-Week Low Stocks to Invest In. On January 27, Karl Keirstead from UBS reiterated a Hold standing connected the banal and lowered the terms people from $185 to $145. Earlier, connected January 20, TD Cowen besides maintained a Hold standing connected the banal and lowered the terms people from $205 to $175.

​Analysts astatine TD Cowen noted that the steadfast is cautiously optimistic connected the banal arsenic they spot immoderate affirmative momentum for the business, on with AI risks that could resistance growth. The steadfast highlighted affirmative factors, including beardown momentum successful Jira Services, beardown advancement successful unreality migrations, and caller packaging options. TD Cowen noted that these factors could assistance the banal with near-term stock terms recovery.

However, contempt the affirmative factors, the steadfast noted that the institution shows small traction erstwhile it comes to its AI products. These tools are meant to boost ratio and pull users, but are not yet gaining caller adoptions. The steadfast noted that successful the future, AI tin automate tasks, reducing the request for paid idiosyncratic seats, thereby raising concerns for the company’s halfway gross driver.

​Atlassian Corporation (NASDAQ:TEAM) develops squad collaboration and productivity software. It offers tools similar Jira for task tracking, Confluence for documentation, and others, specified arsenic Bitbucket and Loom, each built connected a unified unreality level with AI features.

While we admit the imaginable of TEAM arsenic an investment, we judge definite AI stocks connection greater upside imaginable and transportation little downside risk. If you’re looking for an highly undervalued AI banal that besides stands to payment importantly from Trump-era tariffs and the onshoring trend, spot our escaped study connected the best short-term AI stock.

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Disclosure: None. This nonfiction is primitively published astatine Insider Monkey.