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What Will It Take for Atlassian to Recover in 2023?

TheMotleyFool

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What Will It Take for Atlassian to Recover in 2023?: https://g.foolcdn.com/editorial/images/715207/design-software-creativity-software.jpg

In 2022, the market stopped caring about flat-out speedy growth and started paying more attention to profitability -- a lot more attention. Tech companies in particular that have been growing like weeds but have yet to turn an honest penny of profit got clobbered.

Atlassian (NASDAQ: TEAM) fell into this category of especially beaten-down stocks. Shares of the work-collaboration and IT service-management company fell a whopping 66% in 2022. And that knocked the Australian company out of the top 20 software technology companies in the world (as measured by market cap).

What will it take for Atlassian stock to begin making a comeback in 2023?

Source Fool.com

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