1 Stock Down 21% So Far in 2026 to Buy Before It Rebounds 76%, According to Wall Street Analysts

• Investors person sold disconnected this endeavor bundle shaper connected fears that competing AI services volition displace it.

• Analysts inactive spot beardown net maturation for the concern contempt competition.

• The stock's valuation is inexpensive comparative to growth, and that's reflected successful the median Wall Street terms target.

• 10 stocks we similar amended than Atlassian ›

Earlier this month, Anthropic released a caller diagnostic for Claude subscribers. Cowork builds connected its palmy Claude Code cause to alteration you to usage the agentic artificial quality (AI) for conscionable astir thing you want. It's peculiarly bully astatine task management, which has sent shares of endeavor bundle developer Atlassian (NASDAQ: TEAM) crashing. The banal is down 21% truthful acold successful 2026.

Nonetheless, astir Wall Street analysts deliberation the absorption is overblown. Even aft updating their terms targets successful the aftermath of Anthropic's merchandise and up of fourth-quarter earnings, astir each expert sees important upside successful the banal from its existent price. With a median terms people of $225 connected Wall Street, that implies 76% upside implicit the adjacent year.

While Anthropic's caller Cowork diagnostic looks almighty and could perchance regenerate immoderate of what workers bash with Atlassian's enactment collaboration software, it's improbable Atlassian's subscriptions volition beryllium replaced overnight. There are important switching costs to determination an full workforce from 1 acceptable of bundle tools to a full caller mode of doing things. The mislaid productivity successful the modulation isn't worthy switching for most.

In the meantime, Atlassian continues to integrate AI features into its products. Over 3.5 cardinal workers usage its AI capabilities arsenic of the extremity of October. Importantly, it's seeing beardown engagement maturation arsenic a effect of third-party AI tools similar Claude Code, which grow their usage of Jira, its task absorption and issue-tracking bundle primitively designed for bundle developers (but present utilized for each sorts of projects).

Atlassian introduced Rovo, its AI cause platform, successful May 2024. It tin cod and signifier information crossed Atlassian's bundle suite, providing insights and generating workflows based connected proprietary endeavor data. That's the aforesaid benignant of features Claude Cowork aims to offer, but built into the bundle endeavor teams already use. With AI arsenic a large absorption of Atlassian's improvement team, it should beryllium capable to support its presumption adjacent arsenic much wide AI tools travel to market.

Atlassian has utilized its increasing AI capabilities to propulsion much customers to its cloud-based subscription, arsenic it's sunsetting its information halfway bundle successful the adjacent fewer years. Transitioning the full lawsuit basal to the unreality volition assistance trim wide bundle attraction costs and summation the velocity astatine which caller features tin beryllium rolled out. It'll implicit the modulation successful aboriginal 2029.