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Here's Why Atlassian (TEAM) is a Strong Growth Stock

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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors.

While you may have an investing style you rely on, finding great stocks is made easier with the Zacks Style Scores. These are complementary indicators that rate stocks based on value, growth, and/or momentum characteristics.

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 A and VGM Score of B. Earnings are expected to grow 12.1% year-over-year for the current fiscal year, with sales growth of 29.9%.

Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2022, while the Zacks Consensus Estimate has increased $0.01 to $1.57 per share. TEAM also 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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