Atlassian's cloud migration is largely complete with paid customers stabilized, but enterprise penetration remains the underexecuted opportunity against ServiceNow. Rovo AI agents differentiate within developer/dev-ops workflows. Loom acquisition adds video collaboration. Jira and Confluence remain category-defining products with strong gross retention. Growth deceleration to 20% range is the multiple-compression risk.
Thesis reviewed May 29, 2026
Atlassian Corporation is headquartered in United States, which is currently showing elevated risk signals.
🇺🇸United States82EXITView United States risk detail →💻Technology26WATCH| Ticker | Company | Score | Gap | Signal Δ | Action |
|---|---|---|---|---|---|
| HUBS | HubSpot Inc. | 33 | +10% | ↓8% | EARLY |
| BABA | Alibaba Group Holding Ltd | 30 | +17% | ↓8% | EARLY |
| NTES | NetEase Inc | 30 | +10% | ↓8% | EARLY |
| SAP | SAP SE | 30 | +8% | ↓8% | EARLY |
| PSO | Pearson PLC | 30 | +10% | ↓8% | NEUTRAL |
| ACN | Accenture plc | 30 | +7% | ↓8% | NEUTRAL |
| TCS | Tata Consultancy Services Ltd | 30 | +11% | ↓8% | EARLY |
Investors who hold TEAM may also have indirect exposure through these country funds.
Atlassian Rovo AI agents reach 1M monthly active users
Cloud paid seats growth decelerates to 15% YoY
Estimates · Yahoo Finance · Not audited figures
[House Hearing, 119 Congress] [From the U.S. Government Publishing Office] LETTING OFF STEAM: UNLEASHING GEOTHERMAL ENERGY DEVELOPMENT ON FEDERAL LAND ===================================================================== OVERSIGHT FIELD HHEARING BEFORE THE SUBCOMMITTEE ON E…