Analysts at Oppenheimer provided their views on Atlassian Corporation Plc (NASDAQ:TEAM), mentioning they are positive on the company and highlighting it as one of their top picks entering 2022.

According to the analysts, the key drivers behind strong performance and revenue upside in recent quarters remain intact, including

(1) strong subscription growth of above 40% year-over-year with broadening support as the company's cloud/SaaS transition shifts to larger organizations with more expansion power,

(2) ample opportunity in work management as it leverages a broad set of collaboration assets (Jira Work Management, Trello, Confluence, etc.) across multiple use cases.

(3) ongoing smooth execution across multiple vectors (customer additions, use case/product advancement, and effective customer engagement/price leverage).

The analysts believe the company is in an excellent position to continue to deliver upside in 2022/2023 and build cloud/SaaS momentum with larger customers.