Is It Too Late to Buy Atlassian Stock?
's (NASDAQ: TEAM) stock has rallied nearly 60% this year. Investors turned bullish on the enterprise software company again as its revenue growth stabilized and its operating margins expanded. Let's review its business model, growth rates, and valuations to see if it's too late to hop onto the bullish bandwagon.
Atlassian was founded more than two decades ago in Australia. Its first two major products were Jira, which helps companies plan, track, and release software products, and Confluence, which allows employees to collaborate on documents.
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Source Fool.com
Atlassian Corp. Stock
€147.20
-1.170%
The community is currently still undecided about Atlassian Corp. with 1 Buy predictions and 0 Sell predictions.
With a target price of 195 € there is a positive potential of 32.47% for Atlassian Corp. compared to the current price of 147.2 €.
