Two AI Stocks Trading Below Fair Value: Analysts Project 100%+ Returns for 2026

Artificial intelligence is no longer a speculative technology confined to research labs—it’s become a genuine economic driver. According to Barron’s, AI spending accounted for over one-third of U.S. economic growth through the first three quarters of 2025, and Grand View Research forecasts the AI sector will expand at 31% annually through 2033. This explosive growth is creating investment opportunities in companies positioned at different ends of the AI value chain, particularly in undervalued AI stocks that Wall Street analysts believe have substantial room to appreciate.

Two companies deserve serious investor attention: CoreWeave (NASDAQ: CRWV) and Atlassian (NASDAQ: TEAM). Research from leading analysts suggests both are trading significantly below their fair value, with projected gains of 105% and 130% respectively.

Why AI Infrastructure Represents the Next Wave of Technology Adoption

The AI revolution extends beyond software applications—it demands entirely new infrastructure. Companies that build the data centers, cloud platforms, and tools enabling AI workloads are capturing outsized value as enterprises race to implement artificial intelligence across operations.

CoreWeave and Atlassian represent two distinct but complementary ways to capture this trend. CoreWeave provides the computational backbone, while Atlassian supplies the software intelligence layer. Together, they showcase how diverse AI stocks can fit into a forward-looking portfolio.

CoreWeave: Building the Nerves of the AI Economy

CoreWeave operates as a “neocloud” provider—essentially an artificial intelligence-optimized cloud infrastructure company whose data centers are purpose-built for the demanding requirements of AI workloads. Unlike traditional cloud platforms, CoreWeave’s infrastructure handles the extreme power density, memory bandwidth, and cooling challenges that machine learning training and inference require.

The competitive positioning is striking. Research firm SemiAnalysis ranked CoreWeave as the leading provider of cloud AI services, surpassing technology giants Amazon, Microsoft, and Alphabet. Analyst Dylan Patel noted that “CoreWeave continues to set the benchmark for AI cloud performance by demonstrating strong technical execution and operational maturity.”

CoreWeave stock has declined 53% from its peak amid market concerns about AI sector sustainability and the company’s substantial debt from data center construction. However, these fears may be overblown. The underlying technology becomes more critical each year, not less. As for debt, it becomes less consequential as revenue accelerates—Wall Street estimates CoreWeave’s revenue will climb 94% annually through 2027.

H.C. Wainwright analyst Kevin Dede set a price target of $180, implying 105% upside from the current $88 share price. While aggressive, the median Street target of $120 per share suggests more conservative 36% appreciation potential, still representing compelling value if the company achieves profitability.

Atlassian: Embedding Intelligence Into Work Itself

Atlassian develops work management, collaboration, and IT service management software for technical and non-technical teams. The company’s business model—built on self-service sales and word-of-mouth marketing rather than expensive enterprise sales forces—allows superior investment in research and development versus competitors.

The company’s AI strategy centers on Rovo, its newly launched AI assistant. Initially featuring intelligent search and process automation, Rovo now includes code generation capabilities for developers. Morgan Stanley identifies Atlassian as among the best-positioned software companies to monetize emerging demand for AI agents.

Atlassian stock has fallen 57% from highs as investors worried that AI coding tools would cannibalize demand for traditional DevOps software. This represents misplaced concern. Morgan Stanley analysts argue the market has the dynamics backwards: AI-driven productivity gains will expand the developer workforce, increasing demand for DevOps platforms.

Morgan Stanley’s Keith Weiss set an Atlassian price target of $320, implying 130% upside from the $139 current price. Wall Street projects adjusted earnings growth of 22% annually through fiscal year 2027, making the current 35x earnings valuation reasonable given that Atlassian exceeded consensus estimates by an average 16% over the last six quarters. The median Street target of $230 suggests 65% upside potential—still substantial for a quality software company positioned at the intersection of AI transformation and work management.

The Case for Both AI Stocks in Your Portfolio

The comparison reveals complementary exposure: CoreWeave captures infrastructure upside as AI workloads proliferate, while Atlassian benefits as enterprises deploy AI tools across teams. Both companies face genuine risks, and returns may not reach analyst projections. Nevertheless, the valuation opportunity and growth trajectories make these AI stocks worthy of consideration for investors building exposure to the artificial intelligence revolution reshaping business and economics.