Here's Why Atlassian (TEAM) is a Strong Momentum Stock

Core Insights - The Zacks Premium service provides tools for investors to enhance their stock market engagement and confidence [1] - The Zacks Style Scores offer a framework for evaluating stocks based on value, growth, and momentum characteristics [3][4][5][6][7] Zacks Style Scores - The Style Scores categorize stocks into Value, Growth, Momentum, and a combined VGM Score, each with ratings from A to F [4][5][6][7] - Value Score focuses on identifying undervalued stocks using financial ratios [4] - Growth Score assesses a company's financial health and future growth potential [5] - Momentum Score evaluates stocks based on price trends and earnings estimate changes [6] - VGM Score combines all three styles to provide a comprehensive assessment of stocks [7] Zacks Rank - The Zacks Rank is a proprietary model that uses earnings estimate revisions to guide investment decisions [8] - Stocks rated 1 (Strong Buy) have historically outperformed the S&P 500, with an average annual return of +25.41% since 1988 [9] - A large number of stocks are rated, with over 800 top-rated stocks available for selection [10] Stock Highlight: Atlassian (TEAM) - Atlassian is recognized as a leader in enterprise collaboration and workflow software, offering cloud-based solutions [12] - The company holds a Zacks Rank of 2 (Buy) and a VGM Score of B, indicating strong potential [12] - TEAM has a Momentum Style Score of A, with a 27.8% increase in share price over the past four weeks [13] - Recent upward revisions in earnings estimates for fiscal 2025 have increased the Zacks Consensus Estimate by $0.22 to $3.41 per share [13] - TEAM has an average earnings surprise of 27.9%, making it a strong candidate for investors [13]