This is Why Morgan Stanley Feels Atlassian Corporation (TEAM) is a Discount Play

Atlassian Corporation (NASDAQ:TEAM) is one of the stocks with immense maturation potential, according to the media. On January 22, Morgan Stanley expert Keith Weiss reiterated that Atlassian Corporation (NASDAQ:TEAM) is trading astatine profoundly discounted levels pursuing a heavy pullback.

Stasique/Shutterstock.com

According to the analyst, the heavy sell-off comes amid investors overstating the risks posed by artificial intelligence. “AI is simply a tailwind for TEAM,” the Weiss wrote, citing “more developers, much analyzable AI app enactment needing coordination and AI-infused products” that should “boost stickiness, migrations, and upsell.”

The concern slope has besides reiterated the company’s beardown momentum and traction, with a wide solution portfolio and a diversified idiosyncratic base. In addition, the steadfast insists the company’s topline guidance looks blimpish fixed steadier IT budgets and ramping merchandise cycles.

Meanwhile, connected January 20, TD Cowen reiterated a Hold standing connected the banal but chopped the terms people to $175 from $205. The cautious outlook comes arsenic the probe steadfast touts constructive checks connected Jira Service Management momentum, unreality migrations, caller packaging options, and progressive income hiring astatine the bundle company.

Atlassian Corporation (NASDAQ:TEAM) is simply a planetary bundle institution that develops products for bundle developers, task managers, and teams to collaborate, plan, and way work. Their tools facilitate DevOps, IT work absorption (ITSM), and contented management, with fashionable products including Jira, Confluence, Trello, and Bitbucket.

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.

READ NEXT: Goldman Sachs Semiconductor Stocks: Top 12 Picks and 10 Defense & Aerospace Stocks Gaining From Rising Geopolitical Spending.

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