The Nasdaq Composite soared 43% last year as recession fears diminished and investors piled into artificial intelligence (AI) stocks. That momentum has spilled into 2024, with the index advancing another 5% year to date. However, Morgan Stanley analysts led by Keith Weiss still see substantial upside in certain Nasdaq stocks.For instance, the analyst team has given Atlassian (TEAM -0.33%) a bull-case price target of $441 per share, implying a 113% upside over the next year. Investors should never anchor the ...

NEW YORK, Feb. 21, 2024 /PRNewswire/ -- ActionIQ, the leading Composable Customer Data Platform (CDP), announced today it has been named a Visionary on the inaugural Gartner® Magic Quadrant™ for CDPs, identifying those solutions that help connect a brands' customer data with personalized experiences. Gartner recognized ActionIQ on its ability to execute and completeness of vision. "Being recognized as a Visionary in this inaugural Magic Quadrant by Gartner is, we feel, a significant validation of our strate ...

Artificial intelligence (AI) could be one of the most transformative technologies in history. Goldman Sachs believes it could add $7 trillion to the global economy over the next decade, and that's conservative compared to other estimates. Ark Investment Management, for example, puts that number at $200 trillion by 2030.Nearly every technology company is trying to capture a slice of that enormous pie, but some are better positioned than others. Atlassian (TEAM -1.47%) has a 20-year track record of helping bu ...

Key PointsAtlassian shares have been rallying since the end of 2022, but last week's report threatens that. While revenue and profit hit an all-time high, the company's outlook scared investors.All things considered, though, it's looking like the dip might be an overreaction and that the upside potential remains intact. 5 stocks we like better than AtlassianWhile the S&P 500 index was notching a fresh record last week, shares of software giant Atlassian Corporation NASDAQ: TEAM were reeling from a 15% drop. ...

It’s earnings season and many of the top technology companies in the world are either about to deliver their quarterly numbers or already have. For Atlassian (NASDAQ:TEAM) investors, it has been a rather rough 24 hours. The company released its second-quarter report yesterday. Now, shares of TEAM stock are down 14% as investors digest the numbers. Notably, the software licensing company did report revenue and earnings which beat expectations, driven by strong subscription revenue during the quarter. However ...

Shares of work-collaboration software company Atlassian (TEAM -15.20%) got hammered on Friday after the company reported financial results for the fiscal second quarter of 2024. Even though the stock is down, the company may have more analysts than not defending its financial results, which is an interesting wrinkle to this story. As of 11:15 a.m. ET, Atlassian stock was down 12%, but was bouncing back from being 17% down earlier in the session.The market doesn't like slowing growthRevenue for Atlassian's f ...

Atlassian (TEAM) reported stronger-than-expected second-quarter fiscal 2024 results. Its second-quarter fiscal 2024 non-GAAP earnings per share of 73 cents beat the Zacks Consensus Estimate of 62 cents. The figure increased 62.2% from the year-ago quarter’s non-GAAP earnings of 45 cents per share, mainly driven by double-digit year-over-year growth across segments like Cloud and Data Center.TEAM’s second-quarter revenues jumped 21.5% to $1.06 billion and surpassed the consensus mark of $1.02 billion. The to ...

Atlassian Corporation (NASDAQ:TEAM) Q2 2024 Earnings Call Transcript February 1, 2024 5:00 PM ET Company Participants Martin Lam - Head of IR Scott Farquhar - Co-Founder and CEO Mike Cannon-Brookes - Co-Founder and CEO Joe Binz - CFO Conference Call Participants Keith Weiss - Morgan Stanley Michael Turrin - Wells Fargo Gregg Moskowitz - Mizuho Securities Fred Havemeyer - Macquarie Karl Keirstead - UBS Kash Rangan - Goldman Sachs Nick Altmann - Scotiabank Ryan MacWilliams - Barclays Keith Bachman - BMO Fatim ...

Atlassian (TEAM) reported $1.06 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 21.5%. EPS of $0.73 for the same period compares to $0.45 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $1.02 billion, representing a surprise of +4.03%. The company delivered an EPS surprise of +17.74%, with the consensus EPS estimate being $0.62.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and ...

Atlassian (TEAM) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.62 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.74%. A quarter ago, it was expected that this company would post earnings of $0.53 per share when it actually produced earnings of $0.65, delivering a surprise of 22.64%.Over the last four quarters, the company has su ...