<p>Atlassian（TEAM）在其云转型战略中迈出了重要一步，将 Jira、Confluence 和 Jira Service Management 等关键云应用列入 AWS Marketplace，更加贴合企业云预算和工作流程。</p>
<p>请查看我们对 Atlassian 的最新分析。</p>
<p>尽管与 AWS 的战略合作，Atlassian 过去一年的总股东回报仍然深陷亏损，而截至目前的股价回报为负 34.3%，显示出市场情绪刚刚开始回暖，即使近期短期股价动能有所回升。</p>
<p>如果这种以云和人工智能驱动的故事吸引你，值得浏览其他可能在类似长期主题中受益的高增长科技和人工智能股票。</p>
<p>随着云收入加速增长，人工智能的采用规模扩大，且股票交易价格相较分析师目标价有显著折扣，Atlassian 现在是否相对于其增长潜力被低估，还是市场已经在折扣未来几年的复合增长？</p>
<h2>最受欢迎的叙述：35.0% 被低估</h2>
<p>随着叙述的公允价值接近 245.24 美元，而 Atlassian 的最后收盘价为 159.33 美元，这一差距暗示投资者可能低估了其执行潜力。</p>
<p><em>持续的数字转型和企业云迁移，体现在创纪录的大型企业交易数量和客户持续整合到 Atlassian 平台上，推动了强劲的付费席位扩展和交叉销售机会，使公司能够实现持续的收入增长和改善的运营杠杆。</em></p>
<p>阅读完整叙述。</p>
<p>好奇双位数增长、上升的利润率和高得离谱的未来收益倍数如何在一个模型中共存？发现推动这一上行案例的激进假设。</p>
<p><strong>结果：公允价值为 245.24 美元（被低估）</strong></p>
<p>完整阅读叙述，了解预测背后的原因。</p>
<p>然而，围绕复杂云迁移的持续不确定性和人工智能变现速度低于预期可能会挑战这些上行假设，并触发对 Atlassian 估值的重新评估。</p>
<p>了解 Atlassian 叙述的关键风险。</p>
<h2>构建你自己的 Atlassian 叙述</h2>
<p>如果你对这个故事有不同看法，或者想用相同的数据来测试自己的假设，你可以在几分钟内构建一个自定义视图：按你的方式进行。</p>
<p>进行 Atlassian 研究的一个很好的起点是我们的分析，强调了 3 个关键收益和 1 个重要警示信号，这可能会影响你的投资决策。</p>
<h2>寻找更多投资想法？</h2>
<p>在下一个重大变动让你旁观时，使用 Simply Wall St 筛选器发现符合你的策略和风险偏好的新机会。</p>
<ul>
<li>通过针对我们模型标记为吸引人估值的公司，利用 907 只基于现金流基本面的被低估股票，抓住被低估的优质公司机会。</li>
<li>通过筛选这些 26 只具有吸引人收入和采用趋势的人工智能便士股票，抓住自动化和智能的结构性增长。</li>
<li>通过关注这些 15 只收益率超过 3% 的可靠支付者，提升你的收入潜力和稳定性。</li>
</ul>
<p><em>这篇文章由 Simply Wall St 撰写，性质一般。<strong>我们提供基于历史数据和分析师预测的评论，采用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>

TEAM

<p>Atlassian (TEAM) 通过在 AWS Marketplace 上列出应用程序来扩展其云战略，旨在与企业预算保持一致。尽管采取了战略举措，其股价回报为负，这引发了对其估值的质疑。分析师建议其可能被低估，合理价值为 245.24 美元，而最后收盘价为 159.33 美元。风险包括复杂的云迁移和缓慢的人工智能货币化。投资者被鼓励探索其他科技股票，并利用 Simply Wall St 的分析工具构建自定义叙述</p>

<p>Atlassian (TEAM) just took a meaningful step in its cloud transformation strategy by listing key cloud apps like Jira, Confluence, and Jira Service Management on AWS Marketplace, aligning more closely with enterprise cloud budgets and workflows.</p>
<div class="lb-trans"><p>Atlassian（TEAM）在其云转型战略中迈出了重要一步，将 Jira、Confluence 和 Jira Service Management 等关键云应用列入 AWS Marketplace，更加贴合企业云预算和工作流程。</p>
</div><p>See our latest analysis for Atlassian.</p>
<div class="lb-trans"><p>请查看我们对 Atlassian 的最新分析。</p>
</div><p>Despite the strategic AWS tie up, Atlassian’s 1 year total shareholder return is still deep in the red and the year to date share price return of minus 34.3% shows sentiment is only just starting to thaw, even with a recent pickup in short term share price momentum.</p>
<div class="lb-trans"><p>尽管与 AWS 的战略合作，Atlassian 过去一年的总股东回报仍然深陷亏损，而截至目前的股价回报为负 34.3%，显示出市场情绪刚刚开始回暖，即使近期短期股价动能有所回升。</p>
</div><p>If this kind of cloud and AI driven story appeals to you, it may be worth browsing other high growth tech and AI stocks that could be riding similar long term themes.</p>
<div class="lb-trans"><p>如果这种以云和人工智能驱动的故事吸引你，值得浏览其他可能在类似长期主题中受益的高增长科技和人工智能股票。</p>
</div><p>With cloud revenue accelerating, AI adoption scaling, and the stock trading at a sizeable discount to analyst targets, is Atlassian now mispriced relative to its growth runway, or is the market already discounting years of compounding ahead?</p>
<div class="lb-trans"><p>随着云收入加速增长，人工智能的采用规模扩大，且股票交易价格相较分析师目标价有显著折扣，Atlassian 现在是否相对于其增长潜力被低估，还是市场已经在折扣未来几年的复合增长？</p>
</div><h2>Most Popular Narrative Narrative: 35.0% Undervalued</h2>
<div class="lb-trans"><h2>最受欢迎的叙述：35.0% 被低估</h2>
</div><p>With the narrative fair value near $245.24 against Atlassian’s $159.33 last close, the spread implies investors may be underestimating its execution runway.</p>
<div class="lb-trans"><p>随着叙述的公允价值接近 245.24 美元，而 Atlassian 的最后收盘价为 159.33 美元，这一差距暗示投资者可能低估了其执行潜力。</p>
</div><p><em>Continued digital transformation and enterprise cloud migration, highlighted by a record number of large enterprise deals and ongoing customer consolidation onto Atlassian's platform, are driving robust paid seat expansion and cross-sell opportunities, positioning the company for sustained top-line growth and improved operating leverage.</em></p>
<div class="lb-trans"><p><em>持续的数字转型和企业云迁移，体现在创纪录的大型企业交易数量和客户持续整合到 Atlassian 平台上，推动了强劲的付费席位扩展和交叉销售机会，使公司能够实现持续的收入增长和改善的运营杠杆。</em></p>
</div><p>Read the complete narrative.</p>
<div class="lb-trans"><p>阅读完整叙述。</p>
</div><p>Curious how double digit growth, rising margins, and a sky high future earnings multiple can all coexist in one model? Discover the aggressive assumptions powering this upside case.</p>
<div class="lb-trans"><p>好奇双位数增长、上升的利润率和高得离谱的未来收益倍数如何在一个模型中共存？发现推动这一上行案例的激进假设。</p>
</div><p><strong>Result: Fair Value of $245.24 (UNDERVALUED)</strong></p>
<div class="lb-trans"><p><strong>结果：公允价值为 245.24 美元（被低估）</strong></p>
</div><p>Have a read of the narrative in full and understand what's behind the forecasts.</p>
<div class="lb-trans"><p>完整阅读叙述，了解预测背后的原因。</p>
</div><p>However, lingering uncertainty around complex cloud migrations and slower than expected AI monetization could challenge these upside assumptions and trigger a reassessment of Atlassian’s valuation.</p>
<div class="lb-trans"><p>然而，围绕复杂云迁移的持续不确定性和人工智能变现速度低于预期可能会挑战这些上行假设，并触发对 Atlassian 估值的重新评估。</p>
</div><p>Find out about the key risks to this Atlassian narrative.</p>
<div class="lb-trans"><p>了解 Atlassian 叙述的关键风险。</p>
</div><h2>Build Your Own Atlassian Narrative</h2>
<div class="lb-trans"><h2>构建你自己的 Atlassian 叙述</h2>
</div><p>If you see the story differently or want to stress test your own assumptions with the same data, you can build a custom view in minutes: Do it your way.</p>
<div class="lb-trans"><p>如果你对这个故事有不同看法，或者想用相同的数据来测试自己的假设，你可以在几分钟内构建一个自定义视图：按你的方式进行。</p>
</div><p>A great starting point for your Atlassian research is our analysis highlighting 3 key rewards and 1 important warning sign that could impact your investment decision.</p>
<div class="lb-trans"><p>进行 Atlassian 研究的一个很好的起点是我们的分析，强调了 3 个关键收益和 1 个重要警示信号，这可能会影响你的投资决策。</p>
</div><h2>Looking for more investment ideas?</h2>
<div class="lb-trans"><h2>寻找更多投资想法？</h2>
</div><p>Before the next big move leaves you watching from the sidelines, use the Simply Wall St screener to uncover fresh opportunities that match your strategy and risk appetite.</p>
<div class="lb-trans"><p>在下一个重大变动让你旁观时，使用 Simply Wall St 筛选器发现符合你的策略和风险偏好的新机会。</p>
</div><ul>
<li>Capitalize on mispriced quality by targeting companies our models flag as attractively valued through these 907 undervalued stocks based on cash flows grounded in cash flow fundamentals.</li>
<li>Ride structural growth in automation and intelligence by filtering for potential future winners among these 26 AI penny stocks with compelling revenue and adoption trends.</li>
<li>Boost your income potential and stability by focusing on reliable payers inside these 15 dividend stocks with yields &gt; 3% offering yields above 3% with supporting fundamentals.</li>
</ul>
<div class="lb-trans"><ul>
<li>通过针对我们模型标记为吸引人估值的公司，利用 907 只基于现金流基本面的被低估股票，抓住被低估的优质公司机会。</li>
<li>通过筛选这些 26 只具有吸引人收入和采用趋势的人工智能便士股票，抓住自动化和智能的结构性增长。</li>
<li>通过关注这些 15 只收益率超过 3% 的可靠支付者，提升你的收入潜力和稳定性。</li>
</ul>
</div><p><em>This article by Simply Wall St is general in nature. <strong>We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice.</strong> It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.</em></p>
<div class="lb-trans"><p><em>这篇文章由 Simply Wall St 撰写，性质一般。<strong>我们提供基于历史数据和分析师预测的评论，采用无偏见的方法，我们的文章并不构成财务建议。</strong> 它不构成买入或卖出任何股票的推荐，也不考虑你的目标或财务状况。我们旨在为你提供以基本数据驱动的长期分析。请注意，我们的分析可能未考虑最新的价格敏感公司公告或定性材料。Simply Wall St 在提到的任何股票中没有持仓。</em></p>
</div>

Atlassian (TEAM): 在 AWS 市场扩展以及加速云 AI 战略之后重新评估其估值