Key insights
- The author is re-evaluating Atlassian (TEAM) after a significant price drop, questioning if it's now attractive despite AI threats to the SaaS sector. The post reflects individual investor sentiment and doesn't offer concrete market-moving information, but highlights concerns about SaaS valuations and AI disruption, which could indirectly influence broader tech sentiment.
I was going through my watchlist just kind of looking into stocks I haven’t thought about in a while, looking at earnings etc. I recently gave birth to my first child so my portfolio has been on the back burner the past few months while we enjoy this special time with our son. Anyway, I was pretty shocked by the price on TEAM. The last time I looked at it must have been about 6 months ago at double the price.
Obviously the stock used to suffer from massive over valuation, and I understand that AI is a threat to the sector. Still, it seems unlikely to me that SaaS is just dead forever, but it’s also possible I am being naive. Usually I would dislike that the stock has run up so much this month, but it’s also miles away from its ATH, and I don’t usually purchase stocks at a 52 week low anyway. What is your take? Would you buy, and is SaaS as we’ve known it dead?