Atlassian - TEAM Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TEAM shares.
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16 Wall Street analysts have issued 1 year target prices for Atlassian's shares. Their TEAM share price forecasts range from $180.00 to $430.00. On average, they predict the company's share price to reach $317.83 in the next year. This suggests a possible upside of 50.9% from the stock's current price.
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Atlassian's stock was trading at $381.29 at the beginning of 2022. Since then, TEAM shares have decreased by 44.8% and is now trading at $210.59.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TEAM earnings forecast.

Atlassian Co. Plc (NASDAQ:TEAM) announced its quarterly earnings results on Thursday, August, 4th. The technology company reported ($0.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.24) by $0.13. The technology company earned $759.80 million during the quarter, compared to the consensus estimate of $724.28 million. Atlassian had a negative trailing twelve-month return on equity of 98.61% and a negative net margin of 21.91%. The company's revenue for the quarter was up 35.8% on a year-over-year basis. During the same period in the prior year, the company earned ($0.06) EPS.

Atlassian issued an update on its first quarter 2023 earnings guidance on Thursday, August, 25th. The company provided earnings per share guidance of $0.37-$0.38 for the period, compared to the consensus estimate of $0.37. The company issued revenue guidance of $795.00 million-$810.00 million, compared to the consensus revenue estimate of $773.00 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 $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."

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 $210.59.

Atlassian (NASDAQ:TEAM) has a market capitalization of $53.69 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 ($2.43) 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.