Mizuho Securities Maintains a Buy on Atlassian Corporation (TEAM)

Atlassian Corporation (NASDAQ:TEAM) is one of the best large cap stocks with more than 50% upside. In a report released on October 7, Mizuho Securities analyst Gregg Moskowitz maintained a Buy rating on Atlassian Corporation (NASDAQ:TEAM) and set a price target of $235.

In other news, Atlassian Corporation (NASDAQ:TEAM) announced on September 18 that it entered into a definitive agreement for the acquisition of DX, which is a leader in engineering intelligence.

DX and Atlassian Corporation (NASDAQ:TEAM) would collaborate to empower enterprises to gain an understanding of how their AI investments help engineering teams to improve and accelerate their work.

Atlassian Corporation (NASDAQ:TEAM) provides team collaboration and productivity software, offering products such as Jira Software, Confluence, Jira Service Management, and Loom.

While we acknowledge the potential of TEAM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you’re looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock.

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Disclosure: None. This article is originally published at Insider Monkey.