Here's Why Atlassian (TEAM) is a Strong Growth Stock
For new and old investors, taking full advantage of the stock market and investing with confidence are common goals.
Achieving those goals is made easier with the Zacks Style Scores, a unique set of guidelines that rates stocks based on popular investing methodologies, namely value, growth, and momentum. The Style Scores can help you narrow down which stocks are better for your portfolio and which ones can beat the market over the long-term.
Why This 1 Growth Stock Should Be On Your Watchlist
For growth investors, a company's financial strength, overall health, and future outlook take precedence, so they'll want to zero in on the Growth Style Score. This Score examines things like projected and historical earnings, sales, and cash flow to find stocks that will generate sustainable growth over time.
Atlassian (TEAM)
Atlassian is a global leader and innovator in the enterprise collaboration and workflow software space. The company offers a suite of cloud-based software solutions, which help organizations, collaborate and manage their workforce, such that the teams work better together.
TEAM is a Zacks Rank #3 (Hold) stock, with a Growth Style Score of B and VGM Score of B. Earnings are expected to grow 20.7% year-over-year for the current fiscal year, with sales growth of 32.2%.
Eight analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.13 to $1.69 per share for 2022. TEAM boasts an average earnings surprise of 3.6%.
On a historic basis, Atlassian has generated cash flow growth of 35.1%, and is expected to report cash flow expansion of 100.1% this year.
With solid fundamentals, a good Zacks Rank, and top-tier Growth and VGM Style Scores, TEAM should be on investors' short lists.
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Atlassian Corporation PLC (TEAM) : Free Stock Analysis Report
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