Atlassian (NASDAQ:TEAM) Price Target Cut to $200.00 by Analysts at Wells Fargo & Company

Key Points

• Wells Fargo cut its Atlassian price target from $270 to $200 but maintained an Overweight rating; its new target implies about 29.6% upside from the cited share price.
• Atlassian shares fell $28.99 to $154.30 on Friday. The stock’s decline came despite quarterly results beating estimates: earnings were $1.65 per share and revenue was $1.77 billion, up 23.7% year over year.
• Analyst sentiment remained broadly positive: 24 analysts rated the stock Buy, and the consensus rating was Moderate Buy with a $214.76 price target.

Atlassian (NASDAQ:TEAM - Get Free Report) had its price target lowered by research analysts at Wells Fargo & Company from $270.00 to $200.00 in a research report issued on Friday, Benzinga reports. The firm presently has an "overweight" rating on the technology company's stock. Wells Fargo & Company's target price suggests a potential upside of 29.62% from the stock's current price.

A number of other research analysts have also commented on TEAM. UBS Group reissued a "buy" rating on shares of Atlassian in a report on Friday. Wall Street Zen upgraded shares of Atlassian from a "hold" rating to a "buy" rating in a research note on Sunday, September 13th. Morgan Stanley upped their price objective on shares of Atlassian from $120.00 to $180.00 and gave the stock an "overweight" rating in a report on Friday, August 7th. Truist Financial increased their target price on shares of Atlassian from $185.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, October 21st. Finally, Piper Sandler raised their target price on shares of Atlassian from $175.00 to $190.00 and gave the company an "overweight" rating in a research note on Friday. Twenty-four research analysts have rated the stock with a Buy rating, three have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Atlassian presently has a consensus rating of "Moderate Buy" and a consensus price target of $214.76.

Atlassian Stock Performance

TEAM stock traded down $28.99 on Friday, reaching $154.30. The company's stock had a trading volume of 2,678,563 shares, compared to its average volume of 5,476,701. Atlassian has a 52 week low of $56.01 and a 52 week high of $229.96. The company has a market capitalization of $39.06 billion, a P/E ratio of -811.29, a price-to-earnings-growth ratio of 20.25 and a beta of 1.16. The firm has a fifty day moving average of $196.69 and a two-hundred day moving average of $119.39. The company has a debt-to-equity ratio of 0.93, a current ratio of 0.78 and a quick ratio of 0.78.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its earnings results on Thursday, November 5th. The technology company reported $1.65 EPS for the quarter, beating the consensus estimate of $1.39 by $0.26. Atlassian had a positive return on equity of 20.99% and a negative net margin of 0.82%. The firm had revenue of $1.77 billion for the quarter, compared to analysts' expectations of $1.71 billion. During the same period last year, the firm earned $1.04 EPS. The firm's revenue was up 23.7% compared to the same quarter last year. As a group, analysts predict that Atlassian will post 0.69 EPS for the current fiscal year.

Insiders Place Their Bets

In other Atlassian news, CRO Brian Duffy sold 1,851 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total transaction of $319,204.95. Following the completion of the transaction, the executive directly owned 218,223 shares of the company's stock, valued at approximately $37,632,556.35. This trade represents a 0.84% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CAO Gene Liu sold 337 shares of Atlassian stock in a transaction on Monday, October 12th. The shares were sold at an average price of $210.00, for a total value of $70,770.00. Following the transaction, the chief accounting officer owned 55,531 shares in the company, valued at approximately $11,661,510. This trade represents a 0.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 22,475 shares of company stock worth $3,822,643 over the last ninety days. Company insiders own 37.63% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of TEAM. Activest Wealth Management lifted its holdings in shares of Atlassian by 372.4% in the third quarter. Activest Wealth Management now owns 137 shares of the technology company's stock valued at $25,000 after purchasing an additional 108 shares in the last quarter. Manning & Napier Advisors LLC purchased a new position in shares of Atlassian during the second quarter valued at $27,000. MassMutual Private Wealth & Trust FSB grew its holdings in shares of Atlassian by 139.2% during the second quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company's stock valued at $29,000 after buying an additional 220 shares in the last quarter. Western Wealth Management LLC purchased a new position in shares of Atlassian during the first quarter valued at $30,000. Finally, State of Wyoming raised its position in Atlassian by 65.7% during the first quarter. State of Wyoming now owns 449 shares of the technology company's stock valued at $31,000 after buying an additional 178 shares during the period. Institutional investors own 94.45% of the company's stock.

Atlassian News Roundup

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: For fiscal Q1 2027, Atlassian reported earnings of $1.65 per share, topping the $1.39 consensus, and revenue of $1.77 billion versus estimates of $1.71 billion. Revenue rose 23.7% year over year. The company also cited 44% growth in remaining performance obligations and a sevenfold increase in Teamwork Collection customers year over year. Atlassian Q1 fiscal 2027 results
• Positive Sentiment: Analyst views remained constructive: BTIG lowered its price target to $240 but kept a Buy rating, while Piper Sandler raised its target to $190 and maintained Overweight. BTIG Research ratings Piper Sandler ratings
• Neutral Sentiment: Management’s discussion of cloud-migration progress and AI monetization is a key focus for investors assessing whether new AI capabilities can translate into durable growth and revenue. Atlassian cloud migration and AI strategy
• Negative Sentiment: Despite beating quarterly estimates and issuing guidance described as above consensus, Atlassian’s stock dropped sharply after the report. Coverage pointed to concerns about the growth outlook and the possibility that strong results were not enough to meet elevated investor expectations. Atlassian Q3 CY2026 results and market reaction

About Atlassian

Atlassian Corporation develops collaboration, project-management and workflow software for technology, business and service teams. Its products are designed to help organizations plan projects, manage software development, coordinate work and share knowledge across departments.

Its product portfolio includes Jira for project and issue tracking, Confluence for team collaboration and knowledge management, Jira Service Management for IT and enterprise service workflows, Trello for organizing tasks and projects, Loom for video messaging and screen recording, and Bitbucket for source-code management and collaboration.

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