1 Artificial Intelligence (AI) Stock Down 64% to Buy on the Dip, According to Wall Street
Atlassian (TEAM) The Motley Fool·2024-09-18 17:31
The AI trend is proving to be a significant tailwind for Atlassian's business.Atlassian (TEAM -5.65%) is the enterprise software company behind popular platforms like Jira and Confluence, which help organizations boost productivity. Its stock is trading down 64% from the all-time high it set during the tech frenzy in 2021, with a relatively expensive valuation combined with slowing revenue growth contributing to the decline.However, Atlassian could unlock a new phase of growth thanks to artificial intellige ...