Menu
sharewise sharewise
Log in
Sign up
Log in
Sign up
Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

1 Magnificent Growth Stock Down 60% You'll Wish You'd Bought on the Dip

TheMotleyFool 
0 0 24.11.23
1 Magnificent Growth Stock Down 60% You'll Wish You'd Bought on the Dip: https://g.foolcdn.com/editorial/images/755958/a-group-of-five-colleagues-seated-at-a-large-table-collaborating-at-work.jpg
 

Software companies grappled with an uncertain demand picture over the last 18 months. Businesses are carefully managing how much they spend on products and services as elevated inflation and rising interest rates crimp their finances.

But workplace collaboration specialist Atlassian (NASDAQ: TEAM) views this as an opportunity. It invested heavily in expanding its portfolio of software applications by ramping up development in-house, and also through acquisitions.

That means when the broader economic climate improves, Atlassian will be in a position to capture more revenue from its business customers than ever before. With its stock still trading 60% below its all-time high set during the 2021 tech frenzy, here's why now is a great time to buy in.

Continue reading


Source Fool.com

Atlassian Corp. Stock

€170.52
-0.550%
The price for the Atlassian Corp. stock decreased slightly today. Compared to yesterday there is a change of -€0.940 (-0.550%).

Show more
Like: 0
TEAM
Share

Comments

Not a member yet? Sign up for free!