Atlassian (US:TEAM) ZACKSยท2025-02-05 18:00Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Summary: Atlassian (TEAM) - Atlassian currently holds a Momentum Style Score of A, indicating strong momentum characteristics [2] - The company has a Zacks Rank of 2 (Buy), suggesting it is positioned for potential outperformance in the market [3] - Over the past week, TEAM shares have increased by 15.85%, significantly outperforming the Zacks Internet - Software industry, which rose by only 0.43% [5] - In a longer timeframe, TEAM shares have gained 27.79% over the past month, compared to the industry's 3.19% [5] - Over the last quarter, TEAM shares increased by 29.13%, and over the past year, they have risen by 49.92%, while the S&P 500 only moved 5.98% and 23.28%, respectively [6] - The average 20-day trading volume for TEAM is 2,020,631 shares, indicating a bullish trend as the stock is rising with above-average volume [7] Earnings Outlook - In the past two months, 9 earnings estimates for TEAM have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $3.19 to $3.41 [9] - For the next fiscal year, 8 estimates have also moved upwards, with no downward revisions during the same period [9] Conclusion - Considering the strong momentum indicators and positive earnings outlook, TEAM is identified as a 2 (Buy) stock with a Momentum Score of A, making it a promising candidate for near-term investment [11]