Skip to navigationSkip to main contentSkip to right columnADVERTISEMENTDavid MoadelFri, August 7, 2026 at 4:54 PM GMT+2 4 min readQuick ReadAtlassian surged 34%, Twilio jumped 27%, and Cloudflare gained 9% after each delivered strong quarterly results and raised their growth outlooks.Bank of America upgraded Atlassian to Buy and raised its target to $175, calling the company's workflow and collaboration data an increasingly valuable AI asset.Goldman Sachs raised Cloudflare's price target to $389, citing agentic AI adoption, 36% revenue growth, and record large-customer net additions.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Atlassian didn't make the cut. Grab the names FREE today.Software stocks are surging Friday, led by Atlassian (NASDAQ:TEAM) stock, which has jumped 34% to $148.09 after a stronger-than-expected quarterly report and encouraging fiscal 2027 outlook. Twilio (NYSE:TWLO) stock is also up 27% to $245.80, while Cloudflare (NYSE:NET) stock has advanced 9% to $310.06 following strong quarterly results and an improved outlook.Ground Picture / Shutterstock.comThe broader market is providing a favorable backdrop, with the NASDAQ 100 tracking Invesco QQQ Trust (NASDAQ:QQQ) up 0.66% to $719.24. A weaker-than-expected July jobs report has reduced expectations for a September interest-rate hike, giving investors another reason to favor growth-oriented technology stocks.Atlassian Emerges As an AI BeneficiaryAtlassian stock is leading the software-sector rally after the company finished fiscal 2026 on a strong note and provided a better-than-expected cloud growth outlook for fiscal 2027. Bank of America upgraded Atlassian to Buy from Neutral and raised its price target to $175 from $105, arguing that the company's workflow and collaboration data could become an increasingly valuable AI asset.Jefferies also raised its price target to $200 from $150, pointing to 31% cloud revenue growth in the fourth quarter and fiscal 2027 guidance for 25.5% growth. Wells Fargo raised its target to $180 from $140, saying the results reduced concerns about declining developer seats while highlighting Atlassian's increasingly important role in an AI-driven software market.Act now: the analyst who called NVIDIA in 2010 just named his top 10 AI stocks — and Atlassian didn't make the cut. Grab the names FREE today.Twilio Gets a Beat-And-Raise BoostTwilio stock is surging after the communications-platform company delivered what Bank of America described as a "beat-and-raise" second-quarter report. Bank of America raised its TWLO stock price target to $270 from $235 and maintained a Buy rating, arguing that Twilio's long-term growth potential as a share gainer in the communications-platform-as-a-service market remains underappreciated.Terms and Privacy PolicyEU DSA contactPrivacy & Cookie SettingsMore Info