From Nasdaq: 2024-05-30 06:20:00

Atlassian (NASDAQ: TEAM) introduces AI tools to boost productivity and revenue growth soars in the third quarter of fiscal 2024. Analysts are bullish with no recommendations to sell Atlassian stock.

Atlassian rolls out AI tools for Jira and Confluence to improve productivity, search functions, and create virtual agents. Q3 revenue hits $1.19 billion with 30% year-over-year growth, driven by cloud and data center revenue increases.

Atlassian stock is trading at a discount, but revenue growth reversal in Q3 2024 could be a buying opportunity. Analysts are bullish on Atlassian’s long-term growth, expecting revenue to double in five years.

Consider investing in Atlassian stock as it continues to innovate and drive revenue growth. The Motley Fool’s Stock Advisor analysts see potential for significant returns in the coming years. John Mackey serves on The Motley Fool’s board of directors.



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