Atlassian (TEAM) develops software for other software developers. After more than doubling over the past year, its stock seems quite bubbly. The longer-term chart shows an incredible, albeit seemingly unsustainable parabolic move. Despite the momentum behind the name, the company has found a way to continue raising the bar on quarterly results, inspiring analyst upgrades. With no visible dents in Atlassian's armor, I remain bullish on the stock and think the hefty valuation is warranted. (See Analysts' Top Stocks on TipRanks) TEAM Stock: You've Got to Pay Up for Premium Growth Prospects At around 49 times sales, TEAM is one of the most expensive technology companies out there.
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Atlassian (NASDAQ:TEAM)
Historical Stock Chart
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Atlassian (NASDAQ:TEAM)
Historical Stock Chart
From May 2021 to May 2022 Click Here for more Atlassian Charts.