NASDAQ:TEAM

Atlassian Stock Forecast, Price & News

$197.51

+10.11 (+5.39%)

(As of 07/1/2022 12:00 AM ET)

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Today's Range: $186.52
▼
$199.27
50-Day Range: $162.49
▼
$259.98
52-Week Range: $159.54
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$483.13

Volume: 1.71 million shs
Average Volume: 2.13 million shs
Market Capitalization: $27.12 billion

P/E Ratio: N/A
Dividend Yield: N/A
Price Target: $369.56

Atlassian Stock Forecast (MarketRank)

Analyst Rating: Moderate Buy
2.73 Rating Score
Upside/Downside: 87.1% Upside
$369.56 Price Target
Short Interest: Healthy
3.31% of Shares Sold Short
Dividend Strength: N/A
Sustainability: -0.64
Upright™ Environmental Score
News Sentiment: 0.34
Based on 12 Articles This Week
Insider Trading: N/A
Proj. Earnings Growth: Decreasing
From ($0.36) to ($0.85) Per Share

Overall MarketRank^™

MarketRank is calculated as 30% analysis score, 20% valuation score, 10% short interest score, 10% dividend score, 10% sustainability score, 10% news and social score, and 10% insider trading score.

1.87 out of 5 stars

Computer And Technology Sector

414th out of 936 stocks

Prepackaged Software Industry

147th out of 302 stocks

3.4 Analyst's Opinion

Consensus Rating
Atlassian has received a consensus rating of Moderate Buy. The company's average rating score is 2.73, and is based on 11 buy ratings, 4 hold ratings, and no sell ratings.
Price Target Upside/Downside
According to analysts' consensus price target of $369.56, Atlassian has a forecasted upside of 87.1% from its current price of $197.51.
Amount of Analyst Coverage
Atlassian has only been the subject of 4 research reports in the past 90 days.

5.0 Short Interest

Percentage of Shares Shorted
3.31% of the outstanding shares of Atlassian have been sold short.
Short Interest Ratio / Days to Cover
Atlassian has a short interest ratio ("days to cover") of 2.2, which is generally considered an acceptable ratio of short interest to trading volume.
Change versus previous month
Short interest in Atlassian has recently decreased by 7.71%, indicating that investor sentiment is improving significantly.

0.0 Dividend Strength

Dividend Yield
Atlassian does not currently pay a dividend.
Dividend Growth
Atlassian does not have a long track record of dividend growth.

2.2 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score
Atlassian has received a 29.09% net impact score from Upright. Atlassian seems to create the most significant positive value in categories "Taxes", "Knowledge infrastructure", and "Jobs". The positive contribution in the "Knowledge infrastructure" impact category is mostly driven by its "Integrated development environments", "Project management software", and "Code review tools" products. See details.
Environmental Sustainability
The Environmental Impact score for Atlassian is -0.64.

2.4 News and Social Media Coverage

News Sentiment
Atlassian has a news sentiment score of 0.34. This score is calculated as an average of sentiment of articles about the company over the last seven days and ranges from 2 (good news) to -2 (bad news). This is a lower news sentiment than the 0.57 average news sentiment score of Computer and Technology companies.
News Coverage This Week
MarketBeat has tracked 12 news articles for Atlassian this week, compared to 5 articles on an average week.
Search Interest
32 people have searched for TEAM on MarketBeat in the last 30 days. This is an increase of 19% compared to the previous 30 days.
MarketBeat Follows
Only 15 people have added Atlassian to their MarketBeat watchlist in the last 30 days. This is a decrease of -63% compared to the previous 30 days.

1.7 Company Ownership

Insider Buying vs. Insider Selling
In the past three months, Atlassian insiders have not sold or bought any company stock.
Percentage Held by Institutions
91.33% of the stock of Atlassian is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

0.0 Earnings and Valuation

Earnings Growth
Earnings for Atlassian are expected to decrease in the coming year, from ($0.36) to ($0.85) per share.
Price to Earnings Ratio vs. the Market
The P/E ratio of Atlassian is -68.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Earnings Ratio vs. Sector
The P/E ratio of Atlassian is -68.82, which means that its earnings are negative and its P/E ratio cannot be compared to companies with positive earnings.
Price to Book Value per Share Ratio
Atlassian has a P/B Ratio of 91.87. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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About Atlassian (NASDAQ:TEAM)

Atlassian Corporation Plc, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its products include JIRA, a workflow management system for teams to plan, track, collaborate, and manage work, and projects; Jira Service Management, a service desk product for creating and managing service experiences for various service team providers, including IT, legal, and HR teams; Jira Align for enterprise agile planning; Opsgenie, an incident management tool that centralizes alerts and notifies right people at right time; and Statuspage for incident communication. The company also provides Confluence, a remote-friendly team workspace used to build, organize, and collaborate on work virtually for team content creation and sharing; and Trello, a collaboration product, that manages projects, organizes tasks, and builds team spirit for capturing and adding structure to fluid, fast-forming work for teams. In addition, it offers Bitbucket for code sharing and management; and various other products, such as Atlassian cloud apps, Bamboo, Crowd, Crucible, Fisheye, Halp, Sourcetree, and Statuspage. Atlassian Corporation Plc was founded in 2002 and is headquartered in Sydney, Australia.

June 13, 2022 | marketbeat.com

Atlassian Stock: Taking Another Look

Atlassian (NASDAQ: TEAM) stock is down over 60% over its high. Atlassian is a software company based out of Sydney and San Francisco.

June 30, 2022 | cnbc.com

Atlassian billionaire co-CEO Scott Farquhar saved a man's life at a Las Vegas nightclub in April - CNBC

July 2, 2022 | Paradigm Press (Ad)

US Dollar Replaced By "Biden Bucks"?

A former advisor to the CIA and Pentagon now believes President Biden plans to retire the US dollar we know. And replace it with what he calls 'Biden Bucks'. It is underway.

June 29, 2022 | seekingalpha.com

Goldman Sachs reinstates Oracle at Sell, boosts Atlassian to Buy (NYSE:ORCL) - Seeking Alpha

June 28, 2022 | au.finance.yahoo.com

The number one secret to getting an interview with Atlassian - Yahoo Finance Australia

June 28, 2022 | au.finance.yahoo.com

How Atlassian grew to become one of Australia's best employers - Yahoo Finance Australia

June 28, 2022 | au.finance.yahoo.com

This is what Atlassian's Work Futurist thinks about the future of work - Yahoo Finance Australia

June 27, 2022 | seekingalpha.com

Atlassian Stock: Great Software Company, But Grossly Overvalued (NASDAQ:TEAM) - Seeking Alpha

July 2, 2022 | Legacy Research (Affiliate) (Ad)

The 3-Stock Retirement Blueprint

When most folks think about making money through the markets, they think “buy and hold.” They think “diversification.” And they think about investing in things like index funds. But one man has a different approach… It’s called the “3-Stock Retirement Blueprint.”

June 27, 2022 | benzinga.com

Goldman Sachs Upgrades Atlassian Corporation to Buy, Raises Price Target to $300 - Benzinga - Benzinga

June 27, 2022 | streetinsider.com

UPDATE: Goldman Sachs Upgrades Atlassian Corporation (TEAM) to Buy - StreetInsider.com

June 25, 2022 | finance.yahoo.com

The five-year returns have been enviable for Atlassian (NASDAQ:TEAM) shareholders despite underlying losses increasing

June 24, 2022 | realmoney.thestreet.com

Atlassian Is Now in the Latter Stages of Its Decline - RealMoney - RealMoney

June 24, 2022 | finance.yahoo.com

Atlassian Is Now in the Latter Stages of Its Decline

June 23, 2022 | seekingalpha.com

ServiceNow, Atlassian, Instructure, VMware are Macquarie's top enterprise software stocks - Seeking Alpha

June 20, 2022 | forbes.com

Coatue Adds Atlassian CTO As New Partner Investing In AI - Forbes

June 17, 2022 | americanbankingnews.com

Atlassian Co. Plc (NASDAQ:TEAM) Short Interest Up 39.3% in May

June 15, 2022 | fortune.com

Atlassian, Inc. | 2022 Best Workplaces in the Bay Area - Fortune

June 14, 2022 | finance.yahoo.com

Cloud-Based Project Portfolio: North America to Occupy 40% Market Share| Evolving Opportunities with Atlassian Corp. Plc &Broadcom Inc.| Technavio - Yahoo Finance

June 11, 2022 | seekingalpha.com

Atlassian: Backbone Of The Software Industry (NASDAQ:TEAM) - Seeking Alpha

June 9, 2022 | seekingalpha.com

Atlassian Corporation Plc (TEAM) Management Presents at Baird 2022 Global CTS Conference - Seeking Alpha

June 8, 2022 | bloomberg.com

Watch Atlassian Sponsor Spotlight - Bloomberg

June 7, 2022 | americanbankingnews.com

Atlassian Co. Plc (NASDAQ:TEAM) Receives $375.83 Average Target Price from Brokerages

June 3, 2022 | fortune.com

Australian billionaire slams Elon Musk’s return to work order right as his $48 billion firm disclosed a huge security flaw - Fortune

June 3, 2022 | seekingalpha.com

Atlassian Corporation Plc (TEAM) Presents at Jefferies Software Conference - Seeking Alpha

May 30, 2022 | bloomberg.com

Atlassian Co-founder Mike Cannon-Brookes on His Climate Activism - Bloomberg

May 30, 2022 | finance.yahoo.com

Atlassian co-founder takes big step toward shutting down Australia's coal power - Yahoo Finance

See More Headlines

Industry, Sector and Symbol

Stock Exchange: NASDAQ
Industry: Prepackaged software
Sub-Industry: N/A
Sector: Computer and Technology
Current Symbol: NASDAQ:TEAM
CUSIP: N/A
CIK: 1650372
Web: www.atlassian.com
Phone: (129) 262-1443
Fax: N/A
Employees: 6,433
Year Founded: 2002

Company Calendar

Last Earnings: 4/28/2022
Today: 7/02/2022
Next Earnings (Estimated): 8/04/2022
Fiscal Year End: 6/30/2023

Price Target and Rating

Average Stock Price Forecast: $369.56
High Stock Price Forecast: $520.00
Low Stock Price Forecast: $180.00
Forecasted Upside/Downside: +87.1%
Consensus Rating: Moderate Buy
Rating Score (0-4): 2.73333333333333
Research Coverage: 15 Analysts

Profitability

EPS (Most Recent Fiscal Year): ($2.87)
Trailing P/E Ratio: N/A
Forward P/E Ratio: N/A
P/E Growth: N/A
Net Income: $-696.32 million
Net Margins: -27.73%
Pretax Margin: -27.27%
Return on Equity: -56.13%
Return on Assets: -3.18%

Debt

Debt-to-Equity Ratio: 3.30
Current Ratio: 1.19
Quick Ratio: 1.19

Sales & Book Value

Annual Sales: $2.09 billion
Price / Sales: 12.98
Cash Flow: $1.02 per share
Price / Cash Flow: 193.50
Book Value: $2.15 per share
Price / Book: 91.87

Miscellaneous

Outstanding Shares: 137,308,000
Free Float: N/A
Market Cap: $27.12 billion
Optionable: Optionable
Beta: 1.09

Social Links

Atlassian Frequently Asked Questions

Should I buy or sell Atlassian stock right now?: 15 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 4 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" Atlassian stock.
View analyst ratings for Atlassian or view top-rated stocks.
What is Atlassian's stock price forecast for 2022?: 15 Wall Street research analysts have issued 12 month target prices for Atlassian's shares. Their TEAM stock forecasts range from $180.00 to $520.00. On average, they predict Atlassian's share price to reach $369.56 in the next year. This suggests a possible upside of 87.1% from the stock's current price.
View analysts' price targets for Atlassian or view top-rated stocks among Wall Street analysts.
How has Atlassian's stock price performed in 2022?: Atlassian's stock was trading at $381.29 on January 1st, 2022. Since then, TEAM stock has decreased by 48.2% and is now trading at $197.51.
View the best growth stocks for 2022 here.
When is Atlassian's next earnings date?: Atlassian is scheduled to release its next quarterly earnings announcement on Thursday, August 4th 2022.
View our earnings forecast for Atlassian.
How were Atlassian's earnings last quarter?: Atlassian Co. Plc (NASDAQ:TEAM) announced its quarterly earnings results on Thursday, April, 28th. The technology company reported ($0.10) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.20) by $0.10. The technology company had revenue of $740.49 million for the quarter, compared to analysts' expectations of $703.87 million. Atlassian had a negative net margin of 27.73% and a negative trailing twelve-month return on equity of 56.13%. The company's revenue was up 30.2% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.09 EPS.
View Atlassian's earnings history.
What guidance has Atlassian issued on next quarter's earnings?: Atlassian issued an update on its fourth quarter 2022 earnings guidance on Monday, May, 9th. The company provided EPS guidance of $0.24-$0.24 for the period, compared to the consensus EPS estimate of $0.30. The company issued revenue guidance of $710.00 million-$725.00 million, compared to the consensus revenue estimate of $709.99 million.
Who are Atlassian's key executives?: Atlassian's management team includes the following people:
Mr. Michael Cannon-Brookes, Co-Founder, Co-CEO & Director (Age 43, Pay $61.46k)
Mr. Scott Farquhar, Co-Founder, Co-CEO & Director (Age 42, Pay $61.19k)
Mr. James A. Beer, Chief Financial Officer (Age 61)
Ms. Anu Bharadwaj, Chief Operating Officer
Mr. Gene Liu, Principal Accounting Officer & Controller
Mr. Rajeev Rajan, Chief Technology Officer
Ms. Erika Fisher, Chief Admin. Officer & Chief Legal Officer (Age 37)
Mr. Martin Lam, Head of Investor Relations
Mr. Robert Chatwani, Chief Marketing Officer
Ms. Amy Glancey, Chief of Staff
What is Scott Farquhar & Mike Cannon-Brookes' approval rating as Atlassian's CEO?: 447 employees have rated Atlassian CEO Scott Farquhar & Mike Cannon-Brookes on Glassdoor.com. Scott Farquhar & Mike Cannon-Brookes has an approval rating of 97% among Atlassian's employees. This puts Scott Farquhar & Mike Cannon-Brookes in the top 30% of approval ratings compared to other CEOs of publicly-traded companies.

Who are some of Atlassian's key competitors?: Some companies that are related to Atlassian include ServiceNow (NOW), Activision Blizzard (ATVI), NetEase (NTES), Dassault Systèmes (DASTY), VMware (VMW), Synopsys (SNPS), Snowflake (SNOW), CrowdStrike (CRWD), Cadence Design Systems (CDNS), Shopify (SHOP), Autodesk (ADSK), Square (SQ), Electronic Arts (EA), Datadog (DDOG) and Veeva Systems (VEEV).
View all of TEAM's competitors.
What other stocks do shareholders of Atlassian own?: Based on aggregate information from My MarketBeat watchlists, some companies that other Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Square (SQ), Salesforce (CRM), Netflix (NFLX), PayPal (PYPL), Trade Desk (TTD), Shopify (SHOP), Tesla (TSLA) and Twilio (TWLO).
When did Atlassian IPO?: (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 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.
What is Atlassian's stock symbol?: Atlassian trades on the NASDAQ under the ticker symbol "TEAM."
How do I buy shares of Atlassian?: Shares of TEAM 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.
Compare Top Brokerages Here.
What is Atlassian's stock price today?: One share of TEAM stock can currently be purchased for approximately $197.51.
How much money does Atlassian make?: Atlassian (NASDAQ:TEAM) has a market capitalization of $27.12 billion and generates $2.09 billion in revenue each year. The technology company earns $-696.32 million in net income (profit) each year or ($2.87) on an earnings per share basis.
How many employees does Atlassian have?: Atlassian employs 6,433 workers across the globe.
Does Atlassian have any subsidiaries?: The following companies are subsidiares of Atlassian: AgileCraft, Atlassian (Australia) Limited, Atlassian (Global) Limited, Atlassian (UK) Limited, Atlassian (UK) Operations Limited, Atlassian Australia 1 Pty Ltd, Atlassian Australia 2 Pty Ltd, Atlassian B.V., Atlassian Capital Pty. Ltd., Atlassian Corporation Pty. Ltd., Atlassian France, Atlassian Germany GmbH, Atlassian Inc., Atlassian K.K., Atlassian LLC, Atlassian Network Services Inc., Atlassian Philippines Inc., Atlassian Pty Ltd, BitBucket, BlueJimp, Code Barrel, Dogwood Labs Inc., Good Software, Hall.com, Halp, MITT Australia Pty Ltd, MITT Trust, Mindville, OpsGenie, SIP Communicator Ltd., SourceTree, StatusPage, Trello, Wikidocs, and doctape.
Read More
When was Atlassian founded?: Atlassian was founded in 2002.
How can I contact Atlassian?: Atlassian's mailing address is Exchange House Primrose Street, London X0, EC2A 2EG. The official website for Atlassian is www.atlassian.com. The technology company can be reached via phone at (129) 262-1443 or via email at ir@atlassian.com.

This page (NASDAQ:TEAM) was last updated on 7/2/2022 by MarketBeat.com Staff

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Atlassian Stock Forecast, Price & News

Atlassian Stock Forecast (MarketRank)

Overall MarketRank™

3.4 Analyst's Opinion

5.0 Short Interest

Percentage of Shares Shorted

Short Interest Ratio / Days to Cover

Change versus previous month

0.0 Dividend Strength

2.2 Sustainability and ESG

Overall ESG (Environmental, Social, and Governance) Score

Environmental Sustainability

2.4 News and Social Media Coverage

News Sentiment

News Coverage This Week

Search Interest

MarketBeat Follows

1.7 Company Ownership

0.0 Earnings and Valuation

Receive TEAM Stock News and Ratings via Email

About Atlassian (NASDAQ:TEAM)

TEAM Stock News Headlines

Industry, Sector and Symbol

Company Calendar

Price Target and Rating

Profitability

Debt

Sales & Book Value

Miscellaneous

Social Links

Atlassian Frequently Asked Questions

Should I buy or sell Atlassian stock right now?

What is Atlassian's stock price forecast for 2022?

How has Atlassian's stock price performed in 2022?

When is Atlassian's next earnings date?

How were Atlassian's earnings last quarter?

What guidance has Atlassian issued on next quarter's earnings?

Who are Atlassian's key executives?

What is Scott Farquhar & Mike Cannon-Brookes' approval rating as Atlassian's CEO?

Who are some of Atlassian's key competitors?

What other stocks do shareholders of Atlassian own?

When did Atlassian IPO?

What is Atlassian's stock symbol?

How do I buy shares of Atlassian?

What is Atlassian's stock price today?

How much money does Atlassian make?

How many employees does Atlassian have?

Does Atlassian have any subsidiaries?

When was Atlassian founded?

How can I contact Atlassian?

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