Key Points
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Most analysts view Meta Platforms and Atlassian as undervalued, with forecasts indicating significant upside potential.
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Meta is leveraging AI for enhanced engagement and ad performance across platforms, alongside plans for smart glasses.
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Atlassian, known for its work management software, is reportedly benefiting from developments in AI, boosting the demand for developers.
Barton Crockett from Rosenblatt Securities has set a target price of $1,144 for Meta Platforms (NASDAQ: META), indicating a 75% upside from its current price of $653. Similarly, Morgan Stanley’s Keith Weiss believes Atlassian (NASDAQ: TEAM) is undervalued with a target of $290 per share, suggesting a 280% upside from its current $76.
Meta’s stock has a median target price of $852, implying a 30% upside, while Atlassian’s median target stands at $150, indicating a 97% potential increase. Meta’s revenue grew 24% in Q4, with an 18% rise in ad impressions and 6% increase in ad pricing. Meanwhile, Atlassian has launched AI tools, with its Rovo platform seeing over 5 million active users, highlighting a growing demand in the AI sector.
