Hardman Johnston Global Advisors, an investment management company, released its “Hardman Johnston Global Equity Strategy” investor letter for the third quarter of 2025. A copy of the letter can be downloaded here. The portfolio underperformed in the quarter due to stock selection. The composite returned 5.02%, net of fees, compared to 7.62% for the MSCI AC World Net Index. In addition, please check the fund’s top five holdings to know its best picks in 2025. In its third-quarter 2025 investor letter, Ha ...

Core Viewpoint - Wall Street analysts believe Upstart Holdings and Atlassian are undervalued, predicting significant gains for shareholders in the coming years, despite their recent stock declines [1]. Group 1: Upstart Holdings - Upstart is an AI lending platform that enhances credit risk assessment by analyzing over 2,500 variables, unlike traditional systems that rely on FICO Scores [4]. - The highest target price for Upstart is set at $80 per share, indicating a potential upside of 70% from its current price of $47 [5]. - Upstart's third-quarter financial results showed a 71% increase in total revenue to $277 million, with non-GAAP net income rising to $0.52 per diluted share from a loss of $0.06 per share last year [7]. - Wall Street anticipates Upstart's adjusted earnings to grow at an annual rate of 51% through 2026, making its current valuation of 33 times earnings appear reasonable [8]. Group 2: Atlassian - Atlassian is known for its work management software, particularly Jira, which is widely used across both technical and non-technical departments [9]. - The highest target price for Atlassian is set at $320 per share, suggesting a potential upside of 100% from its current price of $160 [5]. - Atlassian's first-quarter fiscal 2025 results reported a 21% revenue increase to $1.4 billion, with non-GAAP earnings rising 35% to $1.04 per diluted share [13]. - Wall Street expects Atlassian's adjusted earnings to grow at 22% annually through June 2027, with a current valuation of 41 times earnings considered reasonable [14].

Core Viewpoint - Atlassian (TEAM) has shown a significant price increase of 10.1% over the past four weeks, with a mean price target of $233.15 indicating a potential upside of 44.8% from the current price of $161.07 [1]. Price Targets - The average price target consists of 26 estimates, ranging from a low of $178.00 to a high of $320.00, with a standard deviation of $36.51, indicating variability among analysts [2]. - The lowest estimate suggests a 10.5% increase, while the highest points to a 98.7% upside, highlighting the range of analyst expectations [2]. Analyst Consensus and Earnings Estimates - Analysts are optimistic about TEAM's earnings prospects, as indicated by a positive trend in earnings estimate revisions, which has shown an 18.4% increase over the last 30 days with no negative revisions [11][12]. - The Zacks Consensus Estimate for the current year has increased, reflecting a strong agreement among analysts regarding the company's earnings potential [12][13]. Caution on Price Targets - While price targets are a common metric for investors, relying solely on them may not be prudent due to concerns about analysts' biases and the accuracy of their predictions [3][7][10]. - Analysts often set optimistic price targets influenced by business relationships, which can lead to inflated expectations [8]. Conclusion on Investment Potential - Despite the skepticism surrounding price targets, the direction indicated by the consensus and the positive earnings revisions suggest a potential upside for TEAM [14].

Atlassian Corporation (NASDAQ:TEAM) is one of the Stocks That Could Mint Millionaires in 2026. Atlassian Corporation (TEAM): BTIG Says AI Disruption Risk Overblown On December 17, BTIG analyst Allan Verkhovski initiated coverage of Atlassian Corporation (NASDAQ:TEAM) stock with a Buy rating and $220 price target. In a note to investors, the analyst noted that the AI disruption risk was overblown, with the shares down roughly 42% over the past year, and cloud revenue guidance was de-risked with the potent ...

Core Viewpoint - The article discusses the continued potential for growth in AI-powered stocks, highlighting three companies with significant upside for 2026, despite the overall market showing high valuations after strong performance in previous years [2][3]. Group 1: Adobe - Adobe's stock has faced challenges due to concerns about AI's impact on its core products, yet it has shown solid operating results with steady revenue growth driven by customer acquisition and pricing strategies [5][9]. - The company has successfully launched Adobe Express, contributing to a growing user base of over 70 million across its freemium offerings, with a 15% increase in monthly active users (MAU) last quarter [6][7]. - Analysts from Jefferies and DA Davidson have set a price target of $500 for Adobe, indicating a potential upside of 41% from its current price, supported by strong operating results and a forward P/E ratio below 15 [9]. Group 2: Atlassian - Atlassian focuses on enterprise software for project planning and collaboration, serving over 300,000 customers and millions of MAUs, with a successful migration to a cloud-based platform [10][11]. - The company reported a 26% increase in cloud revenue last quarter and a 42% rise in remaining performance obligations, indicating strong growth potential [11]. - Bernstein analyst Peter Weed has set a price target of $304 for Atlassian, suggesting an 85% upside, driven by rapid top-line growth and potential margin expansion [14]. Group 3: Marvell Technology - Marvell Technology specializes in networking chips and custom AI accelerators, collaborating with major companies like Microsoft and Amazon [15]. - Despite recent concerns about competition from Broadcom, Marvell's CEO noted that it has not lost business from key clients, and the company is expected to continue growing in the custom AI accelerator market [18]. - Evercore ISI analyst Mark Lipacis raised Marvell's price target to $156, indicating an 88% upside, supported by strategic acquisitions and a strong position in custom AI solutions [19].

Core Viewpoint - The cloud computing market is experiencing significant growth, with a projected CAGR of 20.4% from 2025 to 2030, driven by its cost-effectiveness and ability to enhance productivity across various industries [4]. Group 1: Cloud Computing Industry Overview - Cloud computing is gaining traction as it reduces operating costs associated with on-site data centers and IT management, allowing enterprises to pay only for the resources they use [2]. - The technology enhances productivity, agility, flexibility, and scalability while providing secure, low-latency services for applications and data backup [3]. Group 2: Market Growth Projections - The global cloud computing market is expected to grow at a CAGR of 20.4% from 2025 to 2030, impacting sectors such as healthcare, finance, education, retail, and manufacturing [4]. Group 3: Featured Cloud Computing Stocks - **Amazon.com, Inc.**: Dominates the cloud market with AWS, which has a broad customer base and offers over 200 services. The stock has gained 4.1% in the past six months, with earnings estimates up 15.1% since December 2024 [6][8]. - **Atlassian Corporation**: Provides cloud-based software solutions for collaboration, with a potential $18 billion annual revenue opportunity. The stock has gained 10.5% in the past month, and earnings estimates have increased by 19.6% for the current fiscal year [9][11]. - **Cloudflare, Inc.**: Offers integrated cloud services and is expanding in cybersecurity. The stock has gained 76.3% in the past year, with long-term earnings growth expectations of 26.8% [12][14].

Core Insights - Cloud computing is becoming increasingly popular due to its cost-effectiveness, allowing enterprises to reduce operating costs associated with on-site data centers and IT management [1][2] - The global cloud computing market is projected to grow at a CAGR of 20.4% from 2025 to 2030, impacting various industries such as healthcare, finance, education, retail, and manufacturing [3] - Cloud computing stocks are currently favored by investors, with a focus on companies that have strong fundamentals and Zacks Rank [4] Company Insights - **Amazon.com, Inc. (AMZN)**: Dominates the cloud computing market, particularly in the IaaS sector through Amazon Web Services (AWS), which is a high-margin business. AWS's expanding customer base is expected to support Amazon's market leadership [5][6] - **Atlassian Corporation (TEAM)**: Offers cloud-based software solutions for collaboration and workforce management. The company anticipates an $18 billion annual revenue opportunity from its existing customer base, with a focus on integrating generative AI features to enhance its offerings [10][11] - **Cloudflare, Inc. (NET)**: Provides a suite of integrated cloud services, including cybersecurity solutions. The company is well-positioned for growth through its Zero Trust security integrations and has a strong presence in the cybersecurity domain [13][14] Performance Metrics - **Amazon (AMZN)**: Has an average broker recommendation of 1.17, with a stock gain of 4.1% over the past six months. Earnings estimates for the current fiscal year have increased by 15.1% since December 2024 [7] - **Atlassian (TEAM)**: Holds an average broker recommendation of 1.54, with long-term earnings growth expectations of 20.5%. The stock has gained 10.5% in the past month, and earnings estimates have risen by 19.6% and 9.7% for the current and next fiscal years, respectively [12] - **Cloudflare (NET)**: Exhibits long-term earnings growth expectations of 26.8%, with a stock gain of 76.3% over the past year. Earnings estimates have increased by 9.6% and 11.5% for the current and next fiscal years, respectively [15]

Core Insights - The focus is on providing a clear and disciplined analysis of companies, emphasizing the importance of understanding what is working and what isn't in the market [1] Company Analysis - The analysis aims to give individual investors an honest view of potential risks and opportunities without chasing narratives [1] Market Perspective - The approach is data-driven, prioritizing numbers and the underlying business performance over speculative narratives [1]

Group 1 - Neuberger Berman High Yield Strategies Fund Inc. announced that Joseph Lind will become Co-Head of Special Situations effective December 31, 2025, and will cease his portfolio management responsibilities by December 31, 2026 [1] - Steve Ruh has been appointed as co-Portfolio Manager of the Fund, effective December 31, 2025 [1] Group 2 - Neuberger Berman is an employee-owned, independent investment manager founded in 1939, managing $558 billion across various asset classes for global institutions, advisors, and individuals [2] - The firm has over 2,900 employees in 26 countries and has been recognized as the 1 Best Place to Work in Money Management by Pensions & Investments for eleven consecutive years [2]

STAMFORD, Conn., Dec. 15, 2025 /PRNewswire/ -- Spectrum's investments in its workforce, including its 100% U.S.-based sales and service employees, are driving measurable results, with more skilled teams who deliver a better customer experience. Through initiatives like the tuition-free Education Benefit, structured career progression and development opportunities, and comprehensive benefits, more employees are growing their skills, earning promotions and staying longer with the Company. Tuition-Free Degrees ...