Hardman Johnston Global Advisors released its Q3 2025 investor letter, reporting a 5.02% return, below the MSCI AC World Net Index at 7.62%. Atlassian Corporation (NASDAQ: TEAM) was highlighted as a top stock pick, with shares closing at $161.12 on December 24, 2025, with a market capitalization of $42.412 billion.

In the investor letter, Hardman Johnston Global Equity Strategy discussed Atlassian Corporation (NASDAQ: TEAM), noting its underperformance due to multiple contraction despite strong fundamentals. The company’s FY4Q results exceeded expectations, but the release of OpenAI’s GPT-5 put pressure on the stock. Atlassian trades at a rare valuation for a business with strong growth drivers.

Atlassian Corporation (NASDAQ: TEAM) is not among the 30 Most Popular Stocks Among Hedge Funds. While revenue grew 21% year-over-year in Q1 2026 to $1.4 billion, Hardman Johnston Global Advisors sees greater potential in other AI stocks. Investors seeking undervalued AI stocks may find opportunities in companies benefiting from Trump-era tariffs and onshoring trends.

Read more at Yahoo Finance: Multiple Contraction Hit Atlassian Corp. (TEAM) in Q3