Meet the Large-Cap AI Stock That Wall Street Is Most Bullish About Right Now (Hint: It's Not Nvidia or Palantir)

Core Insights - Analysts are optimistic about Atlassian as the top large-cap AI stock, with a consensus price target indicating a potential upside of approximately 51% over the next 12 months [7][8][11] Analyst Ratings - Among 31 analysts covering Atlassian, 25 (80%) rated it as a "buy" or "strong buy," with no sell recommendations [8] - In contrast, Palantir received only four "buy" ratings out of 25 analysts, and its consensus price target is slightly below its current share price [5] Financial Performance - Atlassian reported a 22% year-over-year revenue increase to $1.38 billion in Q4, with adjusted earnings rising 51% to $259.1 million [10] - The company's cloud business is identified as the primary growth driver, with analysts noting its cloud value proposition has tripled recently [10] Market Position and Growth Potential - Atlassian has a total addressable market of $67 billion, with a $14 billion revenue opportunity within its existing customer base [11] - The company is viewed favorably for its recent acquisition of The Browser Company, aimed at developing an AI-powered browser for SaaS applications [10] Valuation Concerns - Despite the positive outlook, Atlassian's forward price-to-earnings ratio stands at 38.8, indicating a premium valuation [12]