Atlassian (NASDAQ:TEAM) Stock Price Target Lowered at BTIG Research

Key Points

• BTIG Research lowered its Atlassian price target to $240 from $260 but maintained a Buy rating, implying 30.94% upside from the previous close.
• Analyst sentiment remains broadly positive: 24 analysts rate the stock Buy, three Hold and one Sell, with a consensus Moderate Buy rating and average target of $217.56.
• Atlassian beat quarterly estimates, with revenue up 23.7% year over year to $1.77 billion and EPS of $1.65 versus $1.39 expected. However, reports noted a sharply negative market reaction amid concerns that the growth outlook fell short of investor expectations.

Atlassian (NASDAQ:TEAM - Get Free Report) had its price objective lowered by investment analysts at BTIG Research from $260.00 to $240.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a "buy" rating on the technology company's stock. BTIG Research's price objective would indicate a potential upside of 30.94% from the company's previous close.

Other equities research analysts have also issued reports about the company. Guggenheim set a $280.00 price target on Atlassian in a research report on Friday. BMO Capital Markets reiterated an "outperform" rating and issued a $225.00 price objective on shares of Atlassian in a research report on Friday, October 30th. Jefferies Financial Group reiterated a "buy" rating and issued a $200.00 price objective on shares of Atlassian in a research report on Friday, August 7th. Piper Sandler boosted their price objective on Atlassian from $175.00 to $190.00 and gave the stock an "overweight" rating in a research note on Friday. Finally, Weiss Ratings restated a "sell (e+)" rating on shares of Atlassian in a report on Thursday, October 15th. Twenty-four investment analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $217.56.

Atlassian Price Performance

Shares of Atlassian stock opened at $183.29 on Friday. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93. The stock has a market capitalization of $46.40 billion, a price-to-earnings ratio of -964.68, a P/E/G ratio of 20.25 and a beta of 1.16. Atlassian has a 1-year low of $56.01 and a 1-year high of $229.96. The firm's 50-day moving average price is $196.69 and its two-hundred day moving average price is $119.39.

Atlassian (NASDAQ:TEAM - Get Free Report) last posted its quarterly earnings data on Thursday, November 5th. The technology company reported $1.65 earnings per share for the quarter, topping the consensus estimate of $1.39 by $0.26. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter last year, the business posted $1.04 earnings per share. The company's revenue was up 23.7% on a year-over-year basis. On average, equities analysts predict that Atlassian will post 0.69 earnings per share for the current fiscal year.

Insider Activity

In related news, CAO Gene Liu sold 337 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the chief accounting officer owned 55,531 shares of the company's stock, valued at $11,661,510. This trade represents a 0.60% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CRO Brian Duffy sold 1,851 shares of the business's stock in a transaction that occurred 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 owned 218,223 shares of the company's stock, valued at $37,632,556.35. This trade represents a 0.84% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 22,475 shares of company stock valued at $3,822,643 over the last three months. 37.63% of the stock is owned by insiders.

Institutional Investors Weigh In On Atlassian

Institutional investors and hedge funds have recently made changes to their positions in the company. Arizona State Retirement System increased its holdings in Atlassian by 6.5% in the second quarter. Arizona State Retirement System now owns 48,629 shares of the technology company's stock valued at $3,783,000 after purchasing an additional 2,969 shares during the last quarter. Choreo LLC lifted its stake in Atlassian by 90.5% in the third quarter. Choreo LLC now owns 7,888 shares of the technology company's stock valued at $1,414,000 after buying an additional 3,748 shares during the period. Fluent Financial LLC bought a new position in Atlassian during the second quarter worth about $2,239,000. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new position in Atlassian during the second quarter worth about $11,584,000. Finally, IFP Advisors Inc grew its position in shares of Atlassian by 76.0% during the 2nd quarter. IFP Advisors Inc now owns 9,428 shares of the technology company's stock worth $733,000 after buying an additional 4,071 shares during the period. Institutional investors own 94.45% of the company's stock.

More Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Fiscal Q1 revenue rose 23.7% year over year to $1.77 billion, topping the $1.71 billion consensus, while EPS of $1.65 beat estimates of $1.39. Atlassian also reported remaining performance obligations up 44% and Teamwork Collection customers up sevenfold year over year. Atlassian Q1 FY2027 results
• Neutral Sentiment: Coverage highlighted Atlassian’s new AI context metrics, as the company seeks to demonstrate AI product value beyond traditional seat-based measures. One assessment described the stock as potentially fairly valued, suggesting limited room for a rerating without further evidence of AI-driven growth. Atlassian stock valuation and AI context metrics
• Negative Sentiment: Despite beating quarterly estimates—and reports that guidance exceeded consensus—the market reaction was sharply negative. Coverage pointed to concerns that the growth outlook did not satisfy investor expectations, highlighting the risk of a high-expectations valuation. Atlassian Q1 2027: strong beat, but growth guide concerns

Atlassian Company Profile

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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