This Super Software Stock Has Almost Doubled Since I Bought It in April. Here's Why It Has Room to Run.

The article argues Atlassian’s recent surge reflects AI as a catalyst rather than a threat for software stocks, highlighting an FY26 Q3 revenue beat ($1.8B vs. $1.7B estimate) and faster ARR growth among customers using its Rovo AI platform. New Flex pricing and Rovo-driven monetization are cited as drivers that could sustain top-line acceleration. The author notes Atlassian shares climbed ~83% since April to $107 (May 29 close) yet trade at a modest 4.5 P/S versus a three‑year average of 10.7, implying substantial upside (a $255 target to reach the three‑year P/S). The piece frames cybersecurity names such as CrowdStrike (CRWD.OQ) and Palo Alto Networks (PANW.OQ) as related beneficiaries of the AI trade and concludes with a bullish view on continued gains for Atlassian and the broader software/AI-themed trade.