2024-05-30 06:20:00 ET
Atlassian (NASDAQ: TEAM) develops workplace collaboration software that helps organizations manage their workflows and boost productivity. The company has rolled out a series of artificial intelligence (AI) tools to enhance its core products, and they are seeing rapid adoption.
Atlassian just reported its financial results for the third quarter of fiscal 2024 (ended March 31), and it delivered an acceleration in revenue growth on both a sequential and year-over-year basis. It's even more impressive considering the company has carefully managed its costs, and it even posted a small profit for Q3.
The Wall Street Journal tracks 30 analysts covering Atlassian stock. The majority are bullish and not one analyst recommends selling. Here's why investors might want to follow their lead.
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