Atlassian Corporation (NASDAQ:TEAM) is listed as one of the 12 tech stocks with the biggest upside potential. Wall Street analysts have recently lowered price targets for TEAM, with UBS analyst lowering it to $145 and Bank of America analyst adjusting it to $170, both maintaining Hold ratings.

The downward adjustments in price targets for Atlassian Corporation (NASDAQ:TEAM) are due to concerns about AI disruption fears and valuation multiple compression across the software sector. The company provides collaboration software, operating since 2002 and based in Sydney, Australia.

While Atlassian Corporation (NASDAQ:TEAM) presents investment potential, some believe other AI stocks offer greater upside potential with less downside risk. Investors looking for undervalued AI stocks can explore options that benefit from Trump-era tariffs and the onshoring trend.

For more stock recommendations, check out “Cathie Wood’s Stock Portfolio: Top 10 Stocks to Buy” and “30 Most Fantastic Stocks Every Investor Should Pay Attention To” on Insider Monkey. No disclosures in this article, originally published on Insider Monkey’s website.

Read more at Yahoo Finance: Atlassian Corporation (TEAM) Has Upside Despite Negative Software Sentiment