2024-01-30 17:43:08 ET
Summary
- Atlassian's stock is still trading at buyable levels despite a strong sector-wide rally and a rich valuation.
- The company has one of the stickiest products in the tech sector.
- Atlassian may see acceleration in top-line growth as it winds down server revenues and benefits from an improving macro environment.
- I expect to see an inflection in GAAP profitability over the coming quarters.
- I am upgrading the stock to "buy."
Read the full article on Seeking Alpha
For further details see:
Atlassian: GAAP Profitability, Accelerating Top-Line Growth Ahead (Ratings Upgrade)