Atlassian - TEAM Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 5 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TEAM shares.
View TEAM analyst ratings or view top-rated stocks.

16 analysts have issued twelve-month target prices for Atlassian's shares. Their TEAM share price forecasts range from $140.00 to $300.00. On average, they predict the company's stock price to reach $219.67 in the next twelve months. This suggests a possible upside of 33.7% from the stock's current price.
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Atlassian's stock was trading at $128.68 at the beginning of 2023. Since then, TEAM shares have increased by 27.6% and is now trading at $164.25.
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Atlassian saw a drop in short interest in January. As of January 15th, there was short interest totaling 7,040,000 shares, a drop of 14.8% from the December 31st total of 8,260,000 shares. Based on an average trading volume of 3,500,000 shares, the days-to-cover ratio is presently 2.0 days.
View Atlassian's Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Thursday, February 2nd 2023.
View our TEAM earnings forecast.

Atlassian will be holding an earnings conference call on Thursday, February 2nd at 5:00 PM Eastern. Interested parties can register for or listen to the call using this link.

Atlassian Co. (NASDAQ:TEAM) announced its quarterly earnings results on Thursday, November, 3rd. The technology company reported $0.36 EPS for the quarter, topping 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 trailing twelve-month return on equity of 71.10% and a negative net margin of 7.60%. Atlassian's revenue for the quarter was up 31.5% compared to the same quarter last year. During the same period last year, the company 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 initial public offering 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 served 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 many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (2.99%), Allspring Global Investments Holdings LLC (0.13%), National Bank of Canada FI (0.06%), Peregrine Capital Management LLC (0.06%), Natixis Advisors L.P. (0.06%) and Assenagon Asset Management S.A. (0.05%). Insiders that own company stock include Anutthara Bharadwaj, Cameron Deatsch, Gene Liu, Michael Cannon-Brookes, Rajeev Bashyam Rajan and Scott Farquhar.
View institutional ownership trends.

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 $164.25.

Atlassian (NASDAQ:TEAM) has a market capitalization of $41.97 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 (415) 701-1110 or via email at ir@atlassian.com.