Analysts are most bullish about a large-cap AI stock that has dropped in value this year. Wall Street is optimistic about the stock’s growth and planned acquisition. Nvidia is the largest AI stock, while Palantir is the best performer, but they are not the top picks. The favored large-cap AI stock is Atlassian, with 80% “buy” ratings and a 51% upside potential.

Atlassian’s recent sell-off seems overdone, but analysts like its growth prospects driven by AI. In Q4, revenue surged 22% and adjusted earnings rose 51%. The company’s cloud business is a key growth driver, and analysts view the acquisition of The Browser Company positively. With a $67 billion total addressable market, Atlassian has room to grow despite its premium valuation.

Despite Atlassian’s premium valuation, Wall Street is bullish on its future prospects. While it may not be the favorite large-cap AI stock, it could be a winner for investors. The Motley Fool Stock Advisor team did not include Atlassian in their top 10 stock picks, but the company has significant growth opportunities. Consider joining Stock Advisor for their latest recommendations.

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