Atlassian - TEAM Stock Forecast, Price & News

16 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TEAM shares.
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16 analysts have issued 1-year price targets for Atlassian's shares. Their TEAM share price forecasts range from $147.00 to $430.00. On average, they predict the company's share price to reach $248.53 in the next twelve months. This suggests a possible upside of 76.3% from the stock's current price.
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Atlassian's stock was trading at $381.29 at the start of the year. Since then, TEAM stock has decreased by 63.0% and is now trading at $141.00.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
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Atlassian Co. (NASDAQ:TEAM) announced its quarterly earnings data on Thursday, November, 3rd. The technology company reported $0.36 EPS for the quarter, beating the consensus estimate of ($0.10) by $0.46. The technology company earned $807.39 million during the quarter, compared to analyst estimates of $806.42 million. Atlassian had a negative net margin of 7.60% and a negative trailing twelve-month return on equity of 71.10%. Atlassian's revenue was up 31.5% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.01) earnings per share.

Atlassian updated its second quarter 2023 earnings guidance on Thursday, November, 10th. The company provided EPS guidance of for the period. The company issued revenue guidance of $835.00 million-$855.00 million, compared to the consensus revenue estimate of $879.24 million.

447 employees have rated Atlassian Chief Executive Officer Scott Farquhar & Mike Cannon-Brookes on Glassdoor.com. Scott Farquhar & Mike Cannon-Brookes has an approval rating of 97% among the company's employees. This puts Scott Farquhar & Mike Cannon-Brookes in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Based on aggregate information from My MarketBeat watchlists, some companies that other Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Block (SQ), Salesforce (CRM), Netflix (NFLX), PayPal (PYPL), Trade Desk (TTD), Shopify (SHOP), Tesla (TSLA) and Twilio (TWLO).

(TEAM) raised $350 million in an IPO on Thursday, December 10th 2015. The company issued 20,000,000 shares at a price of $16.50-$18.50 per share. Goldman Sachs and Morgan Stanley acted as the underwriters for the IPO and Allen & Company, UBS Investment Bank, Jefferies, Canaccord Genuity, JMP Securities, Raymond James and William Blair were co-managers.

Atlassian trades on the NASDAQ under the ticker symbol "TEAM."

Atlassian's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.45%), Jennison Associates LLC (2.80%), WCM Investment Management LLC (2.31%), Sands Capital Management LLC (2.28%), Artisan Partners Limited Partnership (2.23%) and Baillie Gifford & Co. (2.14%). Insiders that own company stock include Anutthara Bharadwaj, Cameron Deatsch, Gene Liu, Michael Cannon-Brookes, Rajeev Bashyam Rajan and Scott Farquhar.
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Shares of TEAM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of TEAM stock can currently be purchased for approximately $141.00.

Atlassian (NASDAQ:TEAM) has a market capitalization of $36.03 billion and generates $2.80 billion in revenue each year. The technology company earns $-614,120,000.00 in net income (profit) each year or ($0.89) on an earnings per share basis.

The company employs 8,813 workers across the globe.

Atlassian's mailing address is Exchange House Primrose Street, London X0, EC2A 2EG. The official website for the company is www.atlassian.com. The technology company can be reached via phone at (129) 262-1443 or via email at ir@atlassian.com.