Atlassian Corporation (TEAM) Declined Despite Solid Results And Guidance

In its third-quarter 2025 capitalist letter, Baron Technology Fund highlighted stocks specified arsenic Atlassian Corporation (NASDAQ:TEAM). Atlassian Corporation (NASDAQ:TEAM) is simply a starring collaboration bundle supplier that enables organizations to link each teams done a strategy of enactment that unlocks productivity astatine scale. The one-month instrumentality of Atlassian Corporation (NASDAQ:TEAM) was 5.65%, and its shares mislaid 35.80% of their worth implicit the past 52 weeks. On November 7, 2025, Atlassian Corporation (NASDAQ:TEAM) banal closed astatine $157.83 per share, with a marketplace capitalization of $41.527 billion.

Baron Technology Fund stated the pursuing regarding Atlassian Corporation (NASDAQ:TEAM) successful its 3rd 4th 2025 capitalist letter:

"Atlassian Corporation (NASDAQ:TEAM) is simply a starring squad collaboration and productivity bundle vendor. The institution initially focused connected serving bundle engineers (over 20 cardinal worldwide), but its newer products, features, and usage cases code a overmuch larger acceptable of users, including concern teams engaged successful merchandise improvement (over 100 cardinal worldwide) and the overmuch broader radical of cognition workers (over 1 cardinal globally). Despite coagulated results and guidance, shares declined connected continued fears that AI bundle codification improvement tools would unit the fig of bundle developers and Atlassian’s ain maturation from this segment. Our probe indicates that AI volition spark much bundle codification to beryllium written and applications to beryllium adopted, resulting successful more—not less—demand for Atlassian’s portfolio of products. We judge these products volition beryllium monetized done a operation of some seats and depletion elements. We are cautiously monitoring each risks related to AI but person yet to spot immoderate interaction connected the company’s business."

Atlassian Corporation (NASDAQ:TEAM) is not connected our database of 30 Most Popular Stocks Among Hedge Funds. According to our database, 64 hedge money portfolios held Atlassian Corporation (NASDAQ:TEAM) astatine the extremity of the 2nd quarter, compared to 82 successful the erstwhile quarter. In the archetypal 4th of fiscal 2026, Atlassian Corporation's (NASDAQ:TEAM) gross grew 21% year-over-year to $1.4 billion. While we admit the imaginable of Atlassian Corporation (NASDAQ: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.