<div id="readability-page-1">Nvidia (NVDA 0.77%) easily ranks as the biggest artificial intelligence (AI) stock with its market cap of over $4 trillion. Palantir Technologies (PLTR 1.87%) is the best-performing AI stock this year with an impressive return of over 100%. But are Nvidia and Palantir analysts' favorite large-cap AI stocks? Nope. Neither the biggest nor the best-performing AI stocks are even close to the top of the pack. Meet the large-cap AI stock that Wall Street is most bullish about right now. <div><img src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIzNTgvbWFuLXBvaW50aW5nLXRvLWFpLW9uLWRpc3BsYXkuanBnJnc9NzAw?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="700" height="443" original-src="https://imageproxy.pbkrs.com/https://g.foolcdn.com/image//query-b3A9cmVzaXplJnVybD1odHRwczovL2cuZm9vbGNkbi5jb20vZWRpdG9yaWFsL2ltYWdlcy84MzIzNTgvbWFuLXBvaW50aW5nLXRvLWFpLW9uLWRpc3BsYXkuanBnJnc9NzAw"/>Image source: Getty Images. </div> <h2>Undeniably bullish</h2> There are two ways to determine what Wall Street thinks about a stock. First, examine the number of recommendations that are classified as &#34;buys&#34; or &#34;strong buys.&#34; The more positive ratings, the better. Second, check out the average 12-month price targets. The more upside potential, the more bullish analysts are about a stock. Palantir doesn't fare well on either front. Only four of the 25 analysts surveyed by S&amp;P Global (SPGI 1.48%) in September rated the stock as a &#34;buy&#34; or better. The consensus 12-month price target is a little below Palantir's current share price. On the other hand, analysts are decidedly upbeat about Nvidia, with 58 of 65 analysts rating the GPU maker as a &#34;buy&#34; or &#34;strong buy.&#34; Also, the average price target is around 23% higher than Nvidia's current share price. But which large-cap AI stock does Wall Street like the most? To find out, I screened out stocks where fewer than 75% of analysts surveyed had &#34;buy&#34; or better ratings. I also eliminated stocks with fewer than 20 analysts covering the stock. After whittling the list down, I identified the AI stock with the consensus price target reflecting the greatest upside potential. Top contenders included Adobe (ADBE 2.71%), CoreWeave (CRWV 5.26%), and HubSpot (HUBS 2.45%). However, Wall Street's top large-cap AI stock appears to be... Atlassian (TEAM 0.09%). Of the 31 analysts surveyed by S&amp;P Global in September who cover Atlassian, 25 (80%) rated the stock as a &#34;buy&#34; or &#34;strong buy.&#34; No analysts recommended selling Atlassian, by the way. The average 12-month price target for the stock is roughly 51% above its current share price. Wall Street is undeniably bullish about Atlassian. <h2>What do analysts like about Atlassian?</h2> Perhaps most importantly, many analysts seem to think Atlassian's recent sell-off was overdone. The stock is around 47% below its peak set in the first quarter of 2025. However, based on the overwhelming bullishness on Wall Street, analysts like the company's growth prospects. AI is a key growth driver for Atlassian. CEO and co-founder Mike Cannon-Brookes said in his company's fiscal 2025 fourth-quarter update in August, &#34;AI is fundamentally changing the way we work, and creating significant tailwinds for Atlassian in the process.&#34; In Q4, Atlassian's revenue jumped 22% year over year to $1.38 billion. Adjusted earnings soared 51% to $259.1 million. The company's cloud business was the primary growth engine. It's likely to retain that distinction, with Raymond James (RJF 0.23%) analysts Adam Tindle and Mark Cash writing to investors after Atlassian's Q4 earnings report that the company's &#34;cloud value proposition has recently tripled.&#34; Atlassian's recently announced plan to acquire The Browser Company also seems to be viewed favorably by some analysts. The goal behind this acquisition is to deliver an AI-powered browser built for running software as a service (SaaS) applications. <h2>Is Wall Street right about this AI stock?</h2> I don't know whether or not Atlassian will be able to soar 51% and hit analysts' price target over the next 12 months. However, I agree with the overall bullish sentiment about the stock. Atlassian has a huge $67 billion total addressable market. Management believes it has a $14 billion revenue opportunity within its current customer base alone -- and that's without increasing prices. The company appears to be in a good position to capitalize on its opportunities. Probably the biggest knock against Atlassian is that it isn't cheap, even after the sell-off. The stock's forward price-to-earnings ratio is 38.8, which definitely reflects a premium valuation. Still, I think Wall Street is right that Atlassian has plenty of room to run. It isn't my favorite large-cap AI stock, but it could be a winner for investors over the next few years. </div>

TEAM

Wall Street is currently most bullish about Atlassian (TEAM), with 80% of analysts rating it as a "buy" or "strong buy". The average 12-month price target for Atlassian is 51% above its current share price. Analysts believe the recent sell-off was overdone, citing strong growth prospects driven by AI. Atlassian's Q4 revenue rose 22% year-over-year, and its cloud business is a key growth engine. Despite a high forward price-to-earnings ratio of 38.8, analysts remain optimistic about the company's potential.

- Nvidia is the largest AI stock by market cap, while Palantir is the best-performing AI stock this year, but neither is favored by analysts.  
- Atlassian stands out as the top large-cap AI stock, with 80% of analysts rating it as a "buy" and a price target 51% above its current share price.  
- Analysts are optimistic about Atlassian's growth prospects, driven by AI and a strong cloud business, despite its high valuation.

Meet the Large-Cap AI Stock That Wall Street Is Most Bullish About Right Now (Hint: It's Not Nvidia or Palantir)