Atlassian Joins Ranks Of Stocks With 95-Plus Composite Rating

Australian software maker Atlassian (TEAM) saw an improvement in its IBD SmartSelect Composite Rating Tuesday, improving from 94 to 96, to put Atlassian stock in elite company .


The revised score means the stock currently tops 96% of all other stocks in terms of key performance metrics and technical strength. The top-performing stocks tend to have a 95 or better grade as they kick off a significant move so be sure to keep that in mind when looking for the best stocks to buy and watch.

Atlassian stock is now out of buy range after breaking out from a 245.03 entry in a consolidation.

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Atlassian stock sports an 87 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 87% of all stocks.

Its Accumulation/Distribution Rating of B shows moderate buying by institutional investors over the last 13 weeks.

Atlassian reported a -4% rise in earnings for Q4. Sales growth fell to 30%, down from 38% in the prior quarter.

Atlassian stock earns the No. 6 rank among its peers in the Computer Software-Special Enterprise industry group. Descartes Systems (DSGX), Cornerstone OnDemand (CSOD) and Hubspot (HUBS) are among the top 5 highly-rated stocks within the group.


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