N※N

Cramer Sees Buying Opportunity in Snowflake, Atlassian

  //stocks-investing.news-articles.net/content/202 .. s-buying-opportunity-in-snowflake-atlassian.html
  Published in Stocks and Investing on Thursday, January 29th 2026 at 14:17 GMT by CNBC
      Locales: California, Texas, Washington, UNITED STATES

New York, NY - January 29, 2026 - Amidst continued market volatility, CNBC's Jim Cramer today offered a counter-narrative to the widespread selling pressure gripping the software sector, identifying Snowflake (SNOW) and Atlassian (TEAM) as stocks being "unfairly slammed" and presenting potentially strong buying opportunities. Cramer, speaking on the "Halftime Report," emphasized that temporary market corrections shouldn't overshadow the underlying strengths and long-term growth potential of fundamentally sound companies.

Both Snowflake and Atlassian have experienced significant declines in recent months, mirroring a broader downturn affecting software stocks. Snowflake, a leader in cloud-based data warehousing, has shed over 30% of its value since early November 2025, while Atlassian, renowned for its suite of project management and collaboration tools, has fallen more than 40% during the same period. These declines have prompted questions about their future prospects, but Cramer argues they represent an overreaction.

Snowflake's Data Dominance Remains Untouched

Cramer's bullish stance on Snowflake centers around the company's continued success in attracting and processing massive volumes of data. In a world increasingly driven by data analytics, Snowflake's platform provides critical infrastructure for businesses across various industries. The continued growth in data volume, Cramer points out, is a key indicator of sustained demand for Snowflake's services, suggesting the company remains a vital component of modern data strategies. While macroeconomic concerns have undoubtedly impacted investor sentiment, Snowflake's core business appears resilient.

Analysts have noted Snowflake's strengths in data sharing and its expanding ecosystem of partners, contributing to a growing network effect. However, competition in the cloud data warehousing space is intensifying with rivals like Amazon Redshift, Google BigQuery, and Microsoft Azure Synapse all vying for market share. Despite this, Snowflake's focus on specialized data workloads and its unique architecture continue to differentiate it. The company's recent Q3 2025 earnings, while reflecting some slowdown in growth, still showcased strong revenue expansion and improved profitability, further bolstering Cramer's argument.

Atlassian: The Essential Toolkit for Modern Business

Turning to Atlassian, Cramer highlighted the company's indispensable role in facilitating collaboration and project management within organizations of all sizes. From its flagship Jira software for issue tracking to Confluence for team collaboration and Trello for visual project management, Atlassian's tools have become deeply embedded in the workflows of countless businesses.

Cramer's assertion that Atlassian is "absolutely essential" speaks to the increasing reliance on digital tools for remote work and agile methodologies. The demand for effective collaboration solutions is unlikely to diminish, even in a challenging economic environment. Atlassian's subscription-based model provides recurring revenue and strong customer retention rates. However, the company has faced challenges integrating its various products and ensuring a seamless user experience.

Furthermore, competition in the collaboration software space is fierce, with players like Microsoft Teams, Slack, and Asana all competing for market share. Atlassian's success hinges on its ability to innovate and maintain its position as a preferred choice for enterprise teams.

Navigating the Market Correction

The current market correction, driven by factors such as rising interest rates and geopolitical uncertainties, has particularly impacted growth stocks, including those in the software sector. Investors have become more risk-averse, favoring value stocks over high-growth, but often unprofitable, companies. Cramer acknowledges the validity of these concerns but contends that the indiscriminate selling of fundamentally strong stocks like Snowflake and Atlassian is creating an opportunity for long-term investors.

He suggests that investors should view the current downturn as a chance to accumulate shares of these companies at discounted prices, anticipating a rebound as market conditions improve. Of course, it's crucial to remember that any investment carries risk, and thorough due diligence is essential before making any financial decisions. Cramer's recommendations should not be interpreted as financial advice.

Looking Ahead

While the short-term outlook for the software sector remains uncertain, Cramer's analysis suggests that Snowflake and Atlassian are well-positioned to navigate the current challenges and capitalize on long-term growth opportunities. The key will be their ability to sustain innovation, maintain customer loyalty, and deliver consistent financial results. Investors will be closely watching their upcoming earnings reports for further clues about their future prospects.