Prediction: This Glorious Growth Stock Will Double in the Second Half of 2026
Atlassian is proving that software companies can thrive in the age of artificial intelligence.
Overview
Atlassian (NASDAQ: TEAM) developed a suite of software products designed to boost productivity and streamline workflows for its enterprise customers. Unfortunately, Wall Street has shunned software stocks over the past 12 months on fears that artificial intelligence (AI) could disrupt their business models. Atlassian stock subsequently plunged to $57 in April, marking a 71% decline from its 52-week high of $220.
Some analysts believe AI will shrink the global workforce, which will hurt software companies that charge customers on a per-user basis. Other analysts think tools such as Anthropic's Claude Code will allow the average business to build its own version of popular software products, eliminating the need for vendors such as Atlassian.
Details
However, I think those fears are overblown, because Atlassian is using AI to enhance its existing products, and it's having a lot of success. In fact, the company's revenue growth accelerated during the first quarter of 2026, which poked a big hole in the bearish argument. I've been buying Atlassian stock myself over the past few months, and here's why I predict it will double in the second half of this year.
Source
Originally published at www.fool.com.