Track market-moving stories before they get noisy

TEAM Anywhere/SAN FRANCISCO--(BUSINESS WIRE)--Atlassian Corporation (NASDAQ: TEAM), a leading provider of AI-powered collaboration and team productivity software, today announced new capabilities in Jira to advance AI-native software development for every engineering organization. This launch addresses a widening productivity gap: while AI usage by engineers has increased by 65%, developer velocity gains remain at approximately 10% (Atlassian DX longitudinal study, 2026). This plateau is driven.

Key Takeaways Atlassian's Service Collection surpassed $1B ARR, growing more than 30% year over year.AI users resolve issues 13% faster and handle 20% more, supporting deeper platform adoption.Atlassian's cloud transition is expected to accelerate the adoption of AI-enabled cloud offerings. Atlassian Corporation’s (TEAM - Free Report) Service Collection strategy has become a key growth pillar, strengthening its long-term revenue outlook. The business surpassed $1 billion in annual recurring revenues (ARR) while growing more than 30% year over year as of the third quarter of fiscal 2026, highlighting strong demand for its AI-powered enterprise service management platform. More than 65,000 customers, including over half of the Fortune 500, now use Service Collection, while enterprise ARR is growing more than 50% year over year, reflecting increasing adoption among large organizations. Beyond traditional IT service management, the platform is expanding into HR, finance, legal and marketing, broadening Atlassian's addressable market and creating additional recurring revenue opportunities.

Artificial intelligence is further accelerating Service Collection's adoption and customer value. Customers using AI-powered capabilities resolve issues 13% faster and handle 20% more issues, while Service Collection drives 50% of all agentic automation runs across Atlassian's platform. These productivity gains encourage deeper platform adoption and create cross-selling opportunities for complementary offerings such as Rovo, Jira and Confluence.

The long-term outlook is further supported by Atlassian's June 2026 announcement outlining the gradual transition away from Data Center deployments toward its cloud platform. This strategy is expected to accelerate the adoption of AI-enabled cloud offerings, in which Service Collection plays a central role. Combined with expanding enterprise adoption and AI-driven monetization, the Zacks Consensus Estimate projects first-quarter and full-year fiscal 2027 revenue growth of 16.1% and 13.3%, respectively, suggesting the $1 billion milestone could serve as a foundation for continued growth acceleration.

TEAM Faces Stiff Competition in Strategic ImplementationAtlassian is facing stiff competition in strategic execution as rivals continuously strengthen their AI-driven ITSM, enterprise workflow automation and platform capabilities, intensifying the battle for large enterprise customers.

ServiceNow (NOW - Free Report) competes directly with Atlassian through its AI-native enterprise platform spanning ITSM, CRM, HR, security and workflow automation. ServiceNow emphasizes governance, policy-driven AI, workflow orchestration and an open platform while expanding through AI Control Tower and data fabric. ServiceNow also benefits from broad enterprise adoption, deep integrations and platform scale, challenging TEAM's enterprise expansion strategy.

Freshworks (FRSH - Free Report) is emerging as a stronger rival to Atlassian by expanding its AI-driven enterprise service platform. Its platform offers fast deployment, lower implementation complexity and lower ownership costs. Freshworks is expanding Freshservice, AI-powered Freddy Copilot, IT asset management and enterprise workflows, targeting mid-market and enterprise ITSM opportunities. Freshworks leverages ease of adoption and value-driven execution to pressure TEAM in AI service management.

TEAM’s Price Performance, Valuation & EstimatesTEAM shares have declined 24.9% over the past six months, underperforming the broader Zacks Computer & Technology sector’s gain of 13% and the Zacks Internet - Software industry’s modest rise of 0.9%.

TEAM’s 6-Month Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, Atlassian trades at a forward 12-month price-to-sales ratio of 3.07X, compared with the industry’s 4.03X. TEAM has a Value Score of D.

TEAM’s Valuation
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for TEAM's fiscal 2027 earnings is pegged at $6.07 per share, unchanged over the past 30 days, indicating projected year-over-year growth of 10.8%.

Image Source: Zacks Investment Research

TEAM stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways Atlassian's cloud business is gaining momentum, with Q3 cloud revenues rising 29% YoY to over $1.13B.AI is fueling cloud expansion, as Rovo customers grow ARR at about twice the rate of non-Rovo users.RPO climbed 37% to $4B, giving Atlassian stronger visibility into future recurring revenues. Atlassian Corporation’s (TEAM - Free Report) cloud business is gaining momentum, reinforcing consistent revenue growth and the potential for better results in the future. Cloud revenues surged 29% year over year to more than $1.13 billion in the third quarter of fiscal 2026, outpacing previous growth trends and prompting management to raise its full-year cloud revenue growth outlook to 26.5%. This acceleration reflects growing enterprise adoption as customers increasingly migrate workloads to Atlassian's cloud platform and expand deployments across Jira and other cloud offerings. At the same time, larger enterprise commitments lifted remaining performance obligations (RPO) 37% year over year to $4 billion, providing stronger visibility into future recurring revenues.

AI is becoming another key catalyst for Atlassian's cloud expansion. Customers using Rovo are growing annual recurring revenues at roughly twice the rate of non-Rovo customers, while AI credit usage continues to increase more than 20% month over month. Meanwhile, Teamwork Collection customers consume about twice as many AI credits and AI agents as comparable standalone users, highlighting stronger cross-selling and monetization opportunities. The company's rapidly growing Service Collection, which has surpassed $1 billion in ARR and is expanding at more than 30% annually, further broadens Atlassian's cloud opportunity beyond software development into enterprise-wide service management.

Recent product updates strengthen this momentum. Since June 2026, Atlassian has continued rolling out AI-powered cloud capabilities, including Rovo Dev and additional Teamwork Graph enhancements, which should deepen customer engagement, support broader cloud adoption and strengthen long-term subscription revenue growth.

TEAM Faces Stiff Competition in Cloud RaceAtlassian faces strong competition from GitLab (GTLB - Free Report) and ServiceNow (NOW - Free Report) , both of which are expanding enterprise AI capabilities, cloud platforms and large customer adoption while targeting similar enterprise transformation opportunities.

GitLab is intensifying its competition with Atlassian through its cloud-first DevSecOps platform, growing enterprise subscriptions and AI-powered Duo agent platform. The company leverages cloud-neutral architecture, governance and consumption-based AI monetization to attract enterprises expanding cloud adoption. GitLab also targets broader collaboration with unified software delivery, while it benefits from growing enterprise ARR, platform reliability and AI-led workflow automation.

ServiceNow contests aggressively through AI-native enterprise workflows, robust subscription revenue growth and a unified cloud platform. The company differentiates itself with AI Control Tower, Workflow Data Fabric and hybrid consumption pricing that support enterprise-wide collaboration and governance. ServiceNow also benefits from broad cross-product adoption while it expands AI-driven automation across IT, CRM, HR and security workloads.

TEAM’s Price Performance, Valuation & EstimatesTEAM shares have declined 48.3% in the year-to-date period, underperforming the broader Zacks Computer & Technology sector’s rise of 14.7% and the Zacks Internet - Software industry’s fall of 11.2%.

TEAM’s YTD Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, Atlassian trades at a forward 12-month price-to-sales ratio of 2.9X, compared with the industry’s 3.78X. TEAM has a Value Score of D.

TEAM’s Valuation
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for TEAM's fiscal 2027 earnings stands at $6.07 per share. While the estimate has been unchanged over the past month, it has been revised downward over the last 60 days, reflecting expected year-over-year growth of 10.8%.

Image Source: Zacks Investment Research

TEAM stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Key Takeaways Atlassian's enterprise adoption is rising as RPO jumped 37% YoY to $4B.TEAM's cloud revenues climbed 29% to over $1.1B, fueled by Jira and enterprise offerings.Rovo users are growing ARR twice as fast, while Service Collection topped $1B in ARR. Atlassian Corporation’s (TEAM - Free Report) enterprise adoption is rapidly increasing, positioning the company to accelerate recurring revenue growth through larger enterprise contracts, expanding cloud adoption and higher cross-selling opportunities. In the third quarter of fiscal 2026, remaining performance obligations (RPO) rose 37% year over year to $4 billion as major enterprises, including Siemens Energy, BBC, Rheinmetall and Wayfair, expanded their commitments and signed larger, longer-term contracts. This growing enterprise traction enhances revenue visibility and strengthens Atlassian's position as a strategic software partner for large organizations.

The company's cloud business continues to benefit from this momentum. Cloud revenues increased 29% year over year to more than $1.1 billion in the reported fiscal quarter, driven primarily by Jira seat expansion and greater adoption of Teamwork Collection and other enterprise offerings.

Artificial intelligence (AI) is emerging as another important growth catalyst. Customers using Rovo are growing annual recurring revenue at roughly twice the rate of non-Rovo users, while AI credit usage is increasing more than 20% month over month. Meanwhile, Service Collection has become a significant revenue driver, surpassing $1 billion in annual recurring revenues with more than 30% growth. Adoption has expanded beyond IT into HR, finance and legal functions, broadening Atlassian's addressable market.

Management also reported its largest-ever competitive displacement from a legacy IT service management provider, reflecting increasing enterprise preference for Atlassian's AI-native platform and integrated system of work. The Zacks Consensus Estimate projects fiscal 2027 revenue growth of 13.3%, suggesting analysts also expect enterprise adoption and platform expansion to continue supporting revenue growth.

Atlassian's Enterprise Growth Faces Pressure From RivalsMonday.com (MNDY - Free Report) and ServiceNow (NOW - Free Report) are emerging as formidable rivals, competing with Atlassian to drive enterprise adoption, deepen customer spending and accelerate AI-led monetization.

Like Atlassian, MNDY is targeting large enterprises through platform consolidation, governance and AI-driven workflows. It is accelerating monetization with consumption-based AI pricing, expanding enterprise contracts and cross-selling multiple products while leveraging its AI work platform to deepen customer spending. These strengths position MNDY to challenge Atlassian's enterprise expansion and recurring revenue growth.

While Atlassian focuses on collaboration and developer workflows, NOW competes with a broader AI-native enterprise platform spanning IT, CRM, HR and security. The company combines workflow orchestration, governance, Context Engine and hybrid pricing to drive enterprise-wide adoption and larger contracts, while strategic acquisitions expand monetization opportunities. These advantages make NOW a formidable challenger to Atlassian's enterprise growth ambitions.

TEAM’s Price Performance, Valuation & EstimatesTEAM shares have plummeted 62.4% in the past year, substantially underperforming both the Zacks Computer & Technology sector's 39.4% gain and the Internet – Software industry's 18.4% decline.

TEAM’s One-Year Price Performance
Image Source: Zacks Investment Research

From a valuation standpoint, Atlassian trades at a forward 12-month price-to-sales ratio of 3.05X, well below the sector’s average of 6.62X. It has a Value Score of D.

TEAM’s Valuation
Image Source: Zacks Investment Research

The Zacks Consensus Estimate for TEAM’s fiscal 2027 earnings is currently pegged at $6.07 per share, which remains unchanged over the past 30 days. The projected figure reflects year-over-year earnings growth of 10.8%.

Image Source: Zacks Investment Research

TEAM stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

SAN FRANCISCO--(BUSINESS WIRE)--Atlassian Corporation (Nasdaq: TEAM), a leading provider of team collaboration and productivity software, has been named a Leader in the inaugural Gartner® Magic Quadrant™ for Developer Productivity Insight Platforms (DPIP). Notably, Atlassian (DX) was recognized for its Ability to Execute and Completeness of Vision among 12 evaluated vendors. According to the report, the "primary catalyst for the market's recent acceleration is the widespread adoption of AI codi.

Innovative Solution Reduces Ad Repetition, Improves Personalization 
Across Both VOD and Live Sports & Entertainment

Announcement continues Omnicom Media's Cannes News Blitz Revealing First-Mover Collaborations That Connect Brand Content to Platform Programming, Viewing Experiences and Consumer Expectations

, /PRNewswire/ -- Omnicom Media, an Omnicom (NYSE: OMC) Connected Capability, and Disney Advertising are collaborating on a new CTV advertising solution - powered by Innovid, and enabled by Omnicom -  that can trigger dynamic delivery of new advertising content in both video on demand and live sports & entertainment experiences that both reduces ad repetition and improves personalization.

Through this collaboration, Omnicom Media and Disney Advertising are meeting consumer expectations by enabling smarter frequency management and sequential storytelling that delivers the right message at the right moment and stronger outcomes for marketers.

The solution grew out of findings from two recent studies from Omnicom Media Intelligence. With "Why Frequency Matters: Combating Negative Reach," OM revealed that while overexposure to the same ad created "negative reach" – the point at which repeated impressions frustrate consumers and damage brand perception, consumers did not have an issue with seeing ads from the same brand with different creative executions.  These findings were further validated in its latest report - "Connected Content" – in which OM examined consumer sentiment around the state of advertising and explored what drives engagement across content and delivery experiences. When asked how they would improve advertising, approximately half of all respondents cited "less repetition" as a primary way that advertising needs to improve.

"Omnicom Media and Disney Advertising are helping brands get better outcomes from their investment in premium streaming content and live sports & entertainment," said Omnicom Media Chief Product Officer Megan Pagliuca. "Instead of the risk of consumers seeing the same message over and over, advertisers can now move beyond the repetitive cycle with dynamic delivery of sequential storytelling that advances the customer journey." 

How It Works

By understanding audience exposure by session, advertisers can deliver a sequence of complementary creative messages — across 15-, 30-, and 60-second formats — that build on one another to guide consumers through a brand story, product narrative, or customer journey. The result is a more relevant advertising experience that preserves the benefits of frequency while reducing the fatigue and frustration often associated with seeing the same ad creative repeatedly.

By combining Disney's premium content, engaged audiences and proprietary Audience Graph with Omnicom's Acxiom identity solution and Innovid's creative sequencing technology, this collaboration works to deliver a more sophisticated approach to storytelling, with advanced measurement built in.

In addition, for video on demand activations, Disney Advertising is using artificial intelligence and machine learning to analyze the content of programming, allowing marketers to initiate brand messaging with contextual relevance.

Using Omnicom's Omni Video Content measurement tool, advertisers can understand how sequential storytelling influences engagement, reach, frequency, and business results.

The collaboration underscores the growing industry focus on balancing advertising effectiveness with viewer experience as streaming platforms mature and advertisers look for more advanced ways to manage exposure, creative sequencing, and engagement across connected TV environments.

"As streaming technology continues to advance, brands have new opportunities to tell stories that evolve with each impression," said Jamie Power, SVP, Addressable Sales, Disney Advertising. "Rather than delivering the same message repeatedly, advertisers can use each exposure to build on a narrative, introduce new ideas, and deepen consumer engagement. That's a fundamentally more powerful approach to storytelling and one that creates more value for both consumers and marketers."

The capability is currently live in the US, with EU launching late in 2026 and LATAM following.

CONTACT: [email protected] 

ABOUT OMNICOM MEDIA
Omnicom Media, an Omnicom (NYSE: OMC) Connected Capability, is the world's largest global media management network. Powered by the Omni Intelligence Platform, Omnicom Media agencies leverage $75.6 billion in billings, 40,000+ specialists across 70+ markets, and the industry's most powerful portfolio identity, commerce, and intelligence assets to design dynamic Growth Ecosystems that enable the world's most ambitious businesses to grow faster and smarter. The Omnicom Media portfolio includes global media agency brands OMD, Initiative, PHD, UM, Hearts & Science, and Mediahub; core Omnicom Integrated Media offerings Acxiom, the world's premier identity solution, and the Flywheel digital commerce practice; and specialty services across the cloud consulting, creator, financial, healthcare, and sports & entertainment categories. 

SOURCE Omnicom Media

Key Takeaways PLTR is among the five tech laggards highlighted despite XLK's 33.2% year-to-date gain.TEAM's AI-powered Rovo platform and automation tools are driving premium and enterprise growth.U is seeing ad revenue gains, expanding AI tools and improved margins supporting investment. U.S. stock markets have been witnessing an astonishing bull run supported by artificial intelligence (AI) trade. For the past three and a half years, AI trade has single-handedly driven Wall Street. 

Consequently, the technology sector is flourishing this year. The Information Technology Select Sector SPDR (XLK), one of the 11 broad-sectors of the S&P 500 Index, is the best-performing sector with a return of 33.2% year to date.

Despite these positives, several technology stocks have provided double-digit negative returns this year. Here, we have identified five such technology stocks with a favorable Zacks Rank that have significantly lagged in 2026. However, these stocks have room for growth in the near future. 

These are: Palantir Technologies Inc. (PLTR - Free Report) , Atlassian Corp. (TEAM - Free Report) , Toast Inc. (TOST - Free Report) , Unity Software Inc. (U - Free Report) and Roper Technologies Inc. (ROP - Free Report) . Each of our picks currently carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

The chart below shows the price performance of our five picks year to date.

Image Source: Zacks Investment Research

Palantir Technologies Inc.Zacks Rank #2 Palantir Technologies’ AI strategy is comprehensive, combining its proprietary Foundry and Gotham platforms with a solid plan to promote AI adoption across both government and commercial sectors. 

PLTR’s AI Platform (AIP) is the backbone of these capabilities, enabling organizations to process large datasets and derive real-time insights. This is especially valuable in sectors requiring extensive data integration, such as defense, healthcare, finance and intelligence, where operational efficiency and decision-making speed are critical. 

In the government sector, Palantir is aligning its AI strategy with U.S. defense priorities. Its work in high-profile initiatives, such as the Department of Defense’s Open DAGIR project, highlights its ability to modernize military operations through AI-driven solutions where data interoperability and real-time decision-making capabilities are imperative. These capabilities solidify PLTR’s position as a key player in the defense sector. 

In the commercial space, Palantir’s AIP boot camps — providing hands-on experience to over 1,000 companies — have proven instrumental in customer acquisition. Boot camps showcase the platform’s capabilities and demonstrate its adaptability across logistics, manufacturing, and supply-chain management. PLTR’s core customer base comprises businesses seeking tailored AI/ML services, particularly large government and corporate clients willing to invest heavily in its systems. 

Palantir has an expected revenue and earnings growth rate of 71.8% and 98.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 11.2% over the last 60 days. 

Atlassian Corp.Zacks Rank #1 Atlassian’s AI-powered capabilities are seeing rapid adoption. TEAM’s AI-powered Rovo platform and automation tools are driving significant growth in premium and enterprise editions, demonstrating high demand for AI-enhanced workflows. 

Atlassian has been continuously adding millions of monthly active users to Rovo and saw Rovo customers growing their ARR two times faster than customers not using Rovo. Investments in multi-model AI strategies and advanced search capabilities further differentiate TEAM’s offerings in an increasingly competitive landscape.

TEAM’s latest focus on adding generative AI features to some of its collaboration software is likely to drive the top line over the long run. The company has collaborated with OpenAI to enhance the capabilities of its Confluence, Jira Service Management and other programs with generative AI features. 

Atlassian has an expected revenue and earnings growth rate of 13.3% and 10.8%, respectively, for the next year (ending June 2027). The Zacks Consensus Estimate for next year’s earnings has improved 13.3% over the last 60 days. 

Toast Inc.Zacks Rank #1 Toast operates a cloud-based digital technology platform for the restaurant industry in the United States, Ireland, India, and internationally. TOST builds software which helps restaurants manage online orders and dine-in orders, operate an on-demand delivery network and integrate payments.

TOST offers a platform of software-as-a-service for restaurant operations and point of sale, such as Toast POS, Toast IQ - a conversational AI, vendor management, multi-location management, kitchen display system, online ordering and delivery.

Toast has an expected revenue and earnings growth rate of 20% and 51.7%, respectively, for the current year. The Zacks Consensus Estimate for the current year’s earnings has improved 0.7% over the last seven days. 

Unity Software Inc.Zacks Rank #2 Unity Software’s Strategic Grow is benefiting from Vector’s improving prediction and measurement, lifting strategic ad revenues and customer returns. Unity expects momentum to carry into second-quarter 2026, with runtime behavioral data beginning to influence live models later in the quarter. 

Create is steadier as subscriptions and consumption expand, aided by Unity AI, web workflows and early commerce capabilities that broaden monetization options. Margin performance has improved, and liquidity is ample, supporting AI investment while addressing upcoming converts over 2026 without sacrificing the roadmap.

Unity AI entered public beta in early May 2026 as an integrated agent tuned for Unity workflows. The company is also expanding web and commerce tooling that helps developers manage catalogs, pricing and payments across mobile, web and PC, creating additional monetization touchpoints.

Unity Software has an expected revenue and earnings growth rate of 13.9% and 19.8%, respectively, for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 0.4% in the last 60 days. 

Roper Technologies Inc.Zacks Rank #2 Roper Technologies is benefiting from strength across its segments. Momentum across the Deltek, Vertafore, PowerPlan and Aderant businesses is aiding the Application Software segment. Solid performance of the ConstructConnect, Subsplash and SoftWriters businesses is boosting the Network Software segment’s performance. 

Strength across the Neptune and NDI businesses augurs well for the Technology Enabled Products unit. ROP’s bullish forecast for 2026 sparks optimism. ROP is carrying out successive acquisitions to expand its operations. It is worth noting that acquisitions boosted the company’s sales by 5% in the first quarter of 2026.

Roper Technologies has an expected revenue and earnings growth rate of 8.1% and 9.7%, respectively, for the current year. The Zacks Consensus Estimate for the current-year earnings has improved 2.2% in the last 60 days. 

Atlassian (TEAM) is upgraded to a strong buy as resilient growth and margin expansion defy AI-driven pessimism and depressed valuations. TEAM delivered 32% YoY revenue growth and over 800 bps non-GAAP operating margin expansion, significantly beating guidance and consensus expectations. Management sees no evidence of AI-induced seat compression, instead reporting record competitive wins and a commitment to accelerating GAAP profitability in FY27.

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Atlassian (TEAM - Free Report) closed the last trading session at $85.42, gaining 19.4% over the past four weeks, but there could be plenty of upside left in the stock if short-term price targets set by Wall Street analysts are any guide. The mean price target of $127.92 indicates a 49.8% upside potential.

The mean estimate comprises 25 short-term price targets with a standard deviation of $40. While the lowest estimate of $95.00 indicates an 11.2% increase from the current price level, the most optimistic analyst expects the stock to surge 245.4% to reach $295.00. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.

While the consensus price target is highly sought after by investors, the ability and unbiasedness of analysts in setting price targets have long been questionable. And investors making investment decisions solely based on this tool would arguably do themselves a disservice.

However, an impressive consensus price target is not the only factor that indicates a potential upside in TEAM. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.

Price, Consensus and EPS Surprise

Here's What You Should Know About Analysts' Price TargetsAccording to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.

While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?

They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.

However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.

That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.

Why TEAM Could Witness a Solid UpsideAnalysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason to expect an upside in the stock. That's because empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.

For the current year, nine estimates have moved higher over the last 30 days compared to no negative revision. As a result, the Zacks Consensus Estimate has increased 2055.6%.

Moreover, TEAM currently has a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than 4,000 stocks that we rank based on four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .

Therefore, while the consensus price target may not be a reliable indicator of how much TEAM could gain, the direction of price movement it implies does appear to be a good guide.

Atlassian Corporation (TEAM) Presents at Jefferies Software, Internet & AI Conference Transcript

CHICAGO--(BUSINESS WIRE)--The hunt for the next generation of exceptional engineers is on as Atlassian Williams F1 Team and Komatsu launch the third edition of the Komatsu Williams Engineering Academy.

The hunt for the next generation of exceptional engineers is on as Atlassian Williams F1 Team and Komatsu launch the third edition of the Komatsu Williams Engineering Academy.

Share The global program aims to recruit the world’s most talented young engineers, and supercharge their career ambitions through e-learning, visits to cutting edge manufacturing facilities, and mentorship from experts at industry-leading machinery manufacturer Komatsu and iconic F1 team Williams.

From 2026, the Academy will be run in collaboration with Formula Student, a leading engineering competition for university students, and with the support of Formula SAE, its sister competition for students around the world. Academy members will be selected from the competition’s finalist pools, both at Silverstone in the UK and virtually through global assessment centers.

The Komatsu Williams Engineering Academy is a staple of Williams’ grid-leading Early Careers offering and is entering its third year. The team is committed to investing in the talent of the future through their industrial placements, graduate programs, and work experience. Today, 12 percent of all staff members are from Early Careers. Komatsu supports community-based programs around the world designed to attract and train new generations of engineering and technical talent.

Formula Student UK finalists can apply for the academy from June 8th. All other Formula Student and FSAE competitors should stay tuned for virtual applications later this year.

Ann Perrins, Chief People Officer, Atlassian Williams F1 Team:
“Here at Atlassian Williams F1 Team, we know that our success depends on the talent of the future. Programmes like the Komatsu Williams Engineering Academy give us a unique opportunity to identify talent and accelerate their rise whether that’s in motorsport, industrial engineering, or machinery. We look forward to meeting the finalists at Silverstone and virtually later this year.”

Takuya Imayoshi, President and CEO, Komatsu
“Over the past 105 years, Komatsu has prided itself on developing the technical expertise of our people around the world. Our partnership with Atlassian Williams F1 Team is designed to attract and develop the next generation of diverse technical talent as we continue growing and delivering innovative solutions for customers around the world. The Komatsu Williams Engineering Academy is a great opportunity for young engineers to fast track their career – we look forward to seeing this amazing talent on display.”

Dan Jones, Chief Judge, IMechE Formula Student:
“Since its inception, the goal of Formula Student has been to provide opportunities for young engineers to develop their skills and gain experience to better prepare them for their careers in industry. For many competitors, including myself, this has helped in achieving their dream of working in F1. This collaboration with the Komatsu Williams Engineering Academy aligns perfectly with the competition's goal and is an amazing chance for our student competitors to take an invaluable next step toward working at the highest levels of motorsport. Best of luck to all applicants!”

About Komatsu
Komatsu is an industry-leading manufacturer and supplier of equipment, technologies and services for the construction, materials handling, mining, industrial and forestry markets. For over a century, Komatsu equipment and services have been used by companies worldwide to develop modern infrastructure, extract fundamental minerals, maintain forests, and create technology and consumer products. The company’s global service and distributor networks support customer operations, tapping into the power of data and technology to enhance safety and productivity while optimising performance.
To learn more, visit www.komatsu.jp/en/williamsracing

About Atlassian Williams F1 Team
Atlassian Williams F1 Team is one of the world’s most iconic Formula 1 teams. Founded in 1977 by Sir Frank Williams and Sir Patrick Head, the team has won nine Constructors’ World Championships, seven Drivers’ World Championships and 114 Grand Prix races – making it one of the three most-successful teams in history. Based in Grove, Oxfordshire and competing at the pinnacle of motorsport, Williams continues to build for the future of Formula 1 through world-class engineering, racing excellence and a commitment to bringing fans closer to the sport than ever before.

Atlassian (TEAM 1.64%) developed a suite of software products designed to foster collaboration and productivity for its enterprise customers. There is Jira, which helps software development teams manage their projects, and then there is Confluence, which is a digital town square where employees can discuss work and share operational updates.

Atlassian stock was trading at over $300 at the beginning of 2025, until Wall Street formed the view that artificial intelligence (AI) was about to decimate the software industry. As a result, by April this year, the stock had fallen to as low as $57.

That's when I got interested, and I added it to my portfolio at around $58. I don't have a crystal ball; I simply felt Wall Street was overreacting to the potential threat of AI, especially because Atlassian was successfully using it to make more money. The stock has since rocketed 83% higher and closed at $107 on Friday, May 29. Here's why I think significantly more upside is ahead.

Image source: Getty Images.

AI is actually helping Atlassian's business Wall Street thought AI was a threat to software companies for two reasons. First, analysts thought tools such as Anthropic's Claude Code would allow businesses to develop their own versions of products such as Jira and Confluence, making companies like Atlassian redundant. Second, if AI resulted in widespread job losses, the Street felt software companies with seat-based revenue models would lose a chunk of their income.

To counter the first issue, Atlassian doesn't just sell software. It provides the security, infrastructure, and technical support required to deploy Jira and Confluence successfully. These things cost a ton of money to set up and maintain, which is only profitable at scale. In other words, the average business might be able to clone Jira and Confluence using an AI coding assistant, but preventing data breaches and maintaining uptime is a whole other challenge.

Plus, Atlassian developed its own AI platform called Rovo, which comes with an entire suite of features to enhance the capabilities of Jira and Confluence. It includes an advanced search tool that can instantly locate information from across the organization, even if it isn't stored within the Atlassian ecosystem. Rovo can also serve as a coding assistant to help software developers accelerate their workflows, which is the ultimate addition to a product like Jira.

More than 350,000 businesses worldwide use Atlassian, so the company has a treasure trove of data with which to improve its AI models. This advantage makes Rovo more useful than most generic AI assistants, which further entrenches the Atlassian software ecosystem deeper into each organization.

Now, on to Wall Street's second concern.

A surprise acceleration in revenue growth Atlassian generated $1.8 billion in total revenue during its fiscal 2026 third quarter (ended March 31), which blew away Wall Street's estimate of $1.7 billion. It was a 32% increase from the year-ago period, marking a sharp acceleration from the 23% growth the company delivered three months earlier in the second quarter. That alone squashed concerns that AI was causing a loss in revenue for software companies.

In fact, Atlassian said annual recurring revenue (ARR) from Rovo customers grew at twice the pace of ARR from non-Rovo customers. So, again, AI is proving to be a massive tailwind for this company, not a threat.

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To ease concerns even further, Atlassian launched a new pricing option for customers on May 6. It's called Flex, and it allows enterprises to set a budget they can allocate to any Atlassian products during their contract period, without having to negotiate new terms. The company calls it a value-based pricing model, because customers are paying based on what they use, not how many seats, or users, they might have within a specific time frame.

Flex will make it significantly easier for new customers to get up and running with Atlassian, which could drive further momentum at the top line. Cybersecurity giant CrowdStrike launched a similar flexible subscription option in 2023, and it continues to fuel an acceleration in the company's revenue growth to this day.

Why Atlassian still has room to run Despite the blistering gains in Atlassian stock since April, it's still trading at a price-to-sales (P/S) ratio of just 4.5 -- far below its three-year average of 10.7, and even further below last year's peak of 17.5.

TEAM PS Ratio data by YCharts

Atlassian stock would have to soar by 137% from last Friday's close just to match its three-year average P/S ratio, which I think is entirely possible considering the company's accelerating revenue growth. That would result in a stock price of $255.

But I intend to hold the stock beyond that point, because I think the company is entering an era of faster growth and innovation as it capitalizes on the AI opportunity over the next few years.

Atlassian Corporation (TEAM) Presents at Bank of America 2026 Global Technology Conference Transcript

New Rovo agents and Maestro Program help organizations reduce complexity and stop strategic drift before it compounds

BOSTON--(BUSINESS WIRE)--Tempo Software, a leader in adaptive portfolio management, is expanding its AI roadmap with new capabilities in the Atlassian Marketplace, including four new Rovo agents and the introduction of the Tempo Maestro Program. Introduced following Team ’26, the new offerings are designed to help organizations streamline execution, reduce operational complexity, and better govern work in an increasingly AI-driven enterprise environment.

"Our expanding Rovo portfolio is designed to take on the manual work that slows teams down and creates operational blind spots, so people can focus on higher-value execution," said Tempo CPO Kevin Nanney.

Share “We’re entering a new era of execution, where AI and cloud are reshaping how organizations plan and deliver work, but speed without alignment creates noise,” said Vic Chynoweth, CEO of Tempo. “As AI adoption accelerates, organizations are looking for smarter ways to connect strategy to execution, surface problems before they compound, and help teams move faster with greater clarity.”

Expanding AI Execution: New Rovo Agents

Building on its AI roadmap, Tempo is expanding its Rovo portfolio, with four new agents designed to streamline complex enterprise workflows:

Structure Creation and Configuration Agent: Simplifies the setup of portfolio hierarchies using natural language Reporting Agents – Three New Business Intelligence (BI) Connectors: Automates data source creation for advanced analytics for Tableau, Power BI, and Data Studio “Most organizations are still figuring out how to operationalize AI in a way that meaningfully improves execution,” said Kevin Nanney, Chief Product Officer at Tempo. “Our expanding Rovo portfolio is designed to take on the manual work that slows teams down and creates operational blind spots, so people can focus on higher-value execution.”

Tempo’s new Rovo agents are directly integrated into its apps via Atlassian's Forge platform, replacing individual Marketplace downloads. This embeds AI capabilities into core workflows such as Structure, Timesheets, Custom Charts, and BI Connectors to create a secure, seamless experience. Jira users with active Rovo subscriptions can access the new integrations now.

Orchestrating Mastery: The Maestro Program

To support the expert practitioners driving these strategic transformations, Tempo is also launching the Tempo Maestro Program – an initiative that recognizes practitioners who are shaping how modern enterprises operate.

The program is built on three pillars:

Product Co-Innovation: Enterprise-scale expertise and high-fidelity feedback that sharpen how Tempo builds its solutions Thought Leadership: Proven frameworks using Tempo for addressing high-stakes business challenges at scale Ecosystem Leadership: Deep cross-platform fluency and a track record of solving complex architectural problems “The most impactful innovation doesn’t happen in isolation – it’s shaped by practitioners solving real-world complexity every day,” said Marie Michéle Caron, Chief Revenue Officer at Tempo. “The Maestro Program creates a more intentional way to recognize those leaders and accelerate how we learn, co-innovate, and solve at scale.”

The launches build on Tempo’s continued leadership within the Atlassian ecosystem, including being named a 2025–2026 Atlassian Partner of the Year in Cloud Transformation Apps at Team ’26.

About Tempo Software

Tempo Software is a leading provider of Strategic Portfolio Management (SPM) solutions. Its modular platform extends Jira with its #1 add-ons for time tracking, capacity management, financial oversight, and portfolio management – connecting strategy, investment, people, and delivery in a unified system. Trusted by 30,000+ customers and 350+ global solution partners, Tempo is a leading partner in the Atlassian ecosystem. Discover more at Tempo.io.

Key Takeaways Palantir Technologies is monetizing AI via AIP as demand grows for production-scale deployments.Block uses AI across Square and Cash App to boost engagement, risk management and efficiency.Atlassian and DocuSign are expanding AI-powered platforms to automate workflows and improve productivity. The artificial intelligence (AI) boom has been one of the biggest drivers of stock market gains over the past two years. Much of the excitement has centered on semiconductor companies that supply the chips powering AI models, data centers and next-generation computing infrastructure. Investors have poured billions into AI hardware stocks, helping many chipmakers achieve massive valuation gains and market-beating returns.

However, as the AI investment cycle matures, attention is gradually shifting from the infrastructure layer to the software companies that monetize AI technologies. While chips remain essential, the real long-term value creation may come from businesses that use AI to improve productivity, automate workflows and deliver measurable returns to customers.

This shift is expected to bring the spotlight toward software companies, including Palantir Technologies, Inc. (PLTR - Free Report) , Block, Inc. (XYZ - Free Report) , Atlassian Corporation (TEAM - Free Report) and DocuSign, Inc. (DOCU - Free Report) , which can effectively monetize AI across large customer bases. History shows that once a new technology platform is established, software companies often capture a significant share of the economic benefits.

This transition creates an attractive opportunity for investors. The aforementioned software stocks have lagged the spectacular gains seen in AI-focused hardware names, despite delivering strong revenue growth, expanding profit margins and increasing adoption of AI-powered products. As enterprises move beyond building AI infrastructure and focus on practical applications, software providers could emerge as the next major beneficiaries of the AI revolution.

The independent market research firm Gartner predicts that worldwide IT spending on software will increase 15.1% year over year to $1.44 trillion in 2026. The projected surge in software spending will benefit the companies in this space.

Palantir Technologies, Block, Atlassian and DocuSign stand out as four software stocks that could deliver impressive gains as hardware mania fades and software-driven AI adoption accelerates. These stocks have a favorable combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or #2 (Buy), offering solid investment opportunities.

Our PicksBlock continues to strengthen its position in digital payments and financial services through its Square and Cash App ecosystems. AI is helping Block improve customer engagement, enhance risk management and deliver more personalized financial services. The company is also leveraging AI to streamline merchant operations and improve payment processing efficiency. Cash App continues to attract active users, while merchant adoption remains strong across businesses of all sizes.

As digital payments and financial automation continue to expand globally, Block has multiple growth drivers beyond traditional payment processing. Its ability to combine AI capabilities with a large financial ecosystem positions the company to benefit from increasing demand for intelligent financial solutions.

In the first quarter of 2026, Block’s revenues and adjusted earnings per share (EPS) increased 4.9% and 51.8%, respectively, on a year-over-year basis. The Zacks Consensus Estimate for 2026 revenues and EPS suggests a year-over-year increase of 8.3% and 62.9%, respectively. The consensus mark for 2026 earnings has been revised upward over the past 30 days.

Shares of XYZ have risen 3.5% over the past year, underperforming the broader Zacks Computer and Technology’s gain of 43.6%. Currently, Block sports a Zacks Rank #1 and has a Growth Score of A. You can see the complete list of today’s Zacks #1 Rank stocks here.

Atlassian’s latest focus on adding generative AI features to some of its collaboration software is likely to drive the top line over the long run. The company has collaborated with OpenAI to enhance the capabilities of its Confluence, Jira Service Management and other programs with generative AI features. The company is offering generative AI-enabled features under the Atlassian Intelligence brand, which is designed to help employees be more efficient while users remain in control of data.

Atlassian’s AI-powered capabilities are seeing rapid adoption. The company’s AI-powered Rovo platform and automation tools are driving significant growth in premium and enterprise editions, demonstrating high demand for AI-enhanced workflows. In the third quarter of fiscal 2026, Atlassian continued to add millions of monthly active users to Rovo and saw Rovo customers growing their ARR two times faster than customers not using Rovo. Investments in multi-model AI strategies and advanced search capabilities further differentiate Atlassian’s offerings in an increasingly competitive landscape.

In the third quarter of fiscal 2026, Atlassian’s revenues and non-GAAP EPS surged 31.7% and 80.4%, respectively, on a year-over-year basis. The Zacks Consensus Estimate for fiscal 2026 revenues and EPS suggests a year-over-year increase of 23.6% and 48.9%, respectively. The consensus mark for fiscal 2026 earnings has been revised upward over the past 60 days.

Currently, Atlassian sports a Zacks Rank #1 and has a Growth Score of B. TEAM shares have fallen 53.7% over the past year.

Palantir Technologies has become one of the biggest software beneficiaries of the AI revolution. The company’s Artificial Intelligence Platform enables governments and enterprises to deploy AI models across real-world operations, helping organizations improve decision-making, automate workflows and increase efficiency.

Palantir Technologies' commercial business has been a major growth engine, driven by rising demand for AI-powered solutions. The company has consistently reported strong customer additions and expanding contract values as businesses move from AI experimentation to production-scale deployments. Unlike many software firms still developing AI strategies, Palantir Technologies is already generating meaningful revenues from AI adoption.

In the first quarter of 2026, Palantir Technologies’ revenues and non-GAAP EPS surged 85% and 154%, respectively, on a year-over-year basis. The Zacks Consensus Estimate for 2026 revenues and EPS suggests a year-over-year increase of 71.8% and 98.7%, respectively. The consensus mark for 2026 earnings has been revised upward over the past 60 days.

Currently, Palantir Technologies carries a Zacks Rank #2 and has a Growth Score of A. PLTR shares have gained 2.6% over the past year.

DocuSign is moving far beyond electronic signatures. The company is transforming itself into a comprehensive agreement management platform powered by artificial intelligence. Its Intelligent Agreement Management offering helps organizations analyze contracts, identify risks and automate workflows throughout the agreement lifecycle.

Businesses generate enormous volumes of contracts and legal documents, creating a significant opportunity for AI-driven automation. DocuSign’s large customer base provides a strong foundation for cross-selling these advanced solutions. The company has also delivered improved profitability and steady subscription revenue growth. As enterprises focus on reducing manual processes and increasing operational efficiency, DocuSign’s AI-enhanced platform could become a critical business tool, supporting long-term growth.

In the first quarter of fiscal 2027, DocuSign’s revenues and non-GAAP EPS grew 9% and 21%, respectively, on a year-over-year basis. The Zacks Consensus Estimate for fiscal 2027 revenues and EPS suggests a year-over-year increase of 8.4% and 15.4%, respectively. The consensus mark for fiscal 2027 earnings has been revised upward over the past 60 days.

Currently, DocuSign carries a Zacks Rank #2 and has a Growth Score of A. Shares of DOCU have plunged 39.8% over the past year.

Anoki ContextIQ Brings Brand Suitability and Contextual Intelligence to Spectrum Reach's Streaming Inventory — Including Live Content

, /PRNewswire/ -- Spectrum Reach and Anoki AI today announced a collaboration that will give advertisers even better control and transparency over where their ads appear on streaming television platforms. Through the agreement, Spectrum Reach now has integrated Anoki's ContextIQ – a platform that analyzes the exact context of connected TV (CTV) moments – across its extensive streaming ad inventory. This allows brands to see in real time exactly what content their ads appear alongside, including live broadcasts of premium national and local news, plus sports and entertainment events.

"Transparency has always been central to Spectrum Reach and our advertisers; teaming up with Anoki helps us to deliver even more context around live content," said Rob Klippel, Senior Vice President of Product, Technology and Operations, Spectrum Reach. "With AI-powered sub-segment genre classification, marketers can know exactly where their ads appear and invest with greater confidence in inventory that is brand-suitable." 

How Anoki AI's ContextIQ Works
Spectrum Reach has long offered advertisers the ability to match ads with live CTV inventory, like running a pet food commercial during a live dog show. Now, with Anoki's ContextIQ, Spectrum Reach can deliver scene-level contextual advertising on live broadcasts. It works like this: advertisers set guidelines, such as avoiding certain content topics or choosing shows with a specific message. Then, using real-time data, ads are matched to the most suitable ad breaks within milliseconds. For example, when a story about Father's Day runs live on Spectrum News, an advertiser can have its barbecue grill commercial placed to appear seconds later, with real-time placement supported by the Magnite and Index Exchange supply-side platforms (SSPs).  

Advancing Transparency in Live Streaming
Spectrum Reach's alliance with Anoki reflects growing demand from advertisers for greater transparency and accountability in streaming advertising, particularly live content, where advertisers have traditionally had limited visibility into the context surrounding their ads. For example, Spectrum News covers a wide variety of topics during its live broadcasts, and with scene-level contextual targeting, advertisers can reach engaged local audiences. This gives advertisers new clarity and confidence when it comes to buying live broadcasts, knowing their ads are appearing alongside content that aligns with their goals.

"For years, the industry has wanted brand suitability and contextual transparency that goes beyond genre-level controls," said Raghu Kodige, Co-Founder and CEO, Anoki. "With Spectrum Reach, we're showing that scene- and segment-level video intelligence can work in streaming environments, including live programming, unlocking new ideas on what is possible in advertising."

Horizon Media is among those advertisers that are already using the technology to bring new clarity to live CTV ad placements. "We are focused on giving clients greater transparency and confidence in their CTV investments," said Alexander Stone, Horizon's Senior Vice President and Managing Director of Enterprise Partnerships. "Through our relationship with Spectrum Reach, we can access premium streaming inventory at scale, while Anoki's contextual intelligence gives us deeper visibility into the live content environments where ads appear, from sports and entertainment to local news. That insight helps our clients make smarter, more informed media decisions."

More information on Spectrum Reach's CTV offering is available at spectrumreach.com/streaming-tv.

About Spectrum Reach
Spectrum Reach®, the advertising sales business of Charter Communications, Inc. (NASDAQ:CHTR), provides custom advertising solutions for local, regional and national clients. Operating in 36 states and 91 markets, Spectrum Reach creates scalable advertising and marketing services driven by aggregated and de-identified data insights and award-winning creative services and supported by our 100% U.S.-based employees. Spectrum Reach helps businesses of all sizes reach anyone, anywhere, on any screen. Additional information about Spectrum Reach can be found at spectrumreach.com.

About Anoki AI
Anoki is an AI company advancing the connected TV ecosystem through contextual video intelligence. Its platform, ContextIQ, analyzes video at the segment and scene level to enable brand-suitable advertising and structured activation across streaming environments. By bringing clarity and scalability to live and on-demand programming, Anoki helps publishers unlock value while enabling advertisers to engage audiences responsibly. For more information, visit anoki.ai.

SOURCE Charter Communications, Inc.