Why Wall Street Still Sees Upside in Atlassian (TEAM)'s AI Positioning

Atlassian Corporation (NASDAQ:TEAM) is one of the cheap AI stocks to buy in 2026.

As of March 6, 2026, Wall Street’s consensus view on Atlassian was a Moderate Buy based on 27 analyst ratings, including 20 buy ratings, five holds, and two sells. The average 12-month price target stood at $189.32. Those figures suggest that, despite mixed views at the margin, analysts remained constructive on the stock overall.

Additional Wall Street commentary turned more specific to AI on March 5, 2026, when Wells Fargo said Atlassian was well-positioned to integrate OpenAI’s Symphony framework into its products. According to the note, Atlassian already controls how work is approved, tracked, and audited inside enterprise workflows, which could make AI deployment an extension of existing workflow control rather than a replacement for the underlying system. The firm’s view framed Atlassian as a company that could embed agentic AI into established software processes.

Atlassian Corporation (NASDAQ:TEAM) develops collaboration and productivity software, best known for Jira, Confluence, and Jira Service Management, which teams use to plan, track, and deliver work across IT, software, and business functions. It started out as a traditional software company but has increasingly become an AI-Forward company.

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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