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 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "buy" TEAM shares.
View TEAM analyst ratings or view top-rated stocks.

16 equities research analysts have issued twelve-month price targets 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 13.1% 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 stock has decreased by 26.3% and is now trading at $281.02.
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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) released its earnings results on Thursday, August, 4th. The technology company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. 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 quarterly revenue was up 35.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) earnings per share.

Atlassian updated its first quarter 2023 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of $0.37-$0.38 for the period, compared to the consensus earnings per share 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 initial public offering (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 many different institutional and retail investors. Top institutional investors include Sands Capital Management LLC (4.74%), Baillie Gifford & Co. (3.95%), Artisan Partners Limited Partnership (3.79%), Jennison Associates LLC (3.67%), FMR LLC (2.28%) and Clearbridge Investments LLC (2.27%).

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 $281.02.

Atlassian (NASDAQ:TEAM) has a market capitalization of $38.59 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 6,433 workers across the globe.

Atlassian was founded in 2002.

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.