Atlassian - TEAM Stock Forecast, Price & News

16 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 4 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" Atlassian stock.
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16 equities research analysts have issued 12-month target prices for Atlassian's stock. Their TEAM stock forecasts range from $180.00 to $500.00. On average, they expect Atlassian's share price to reach $329.17 in the next year. This suggests a possible upside of 22.6% from the stock's current price.
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Atlassian's stock was trading at $381.29 on January 1st, 2022. Since then, TEAM shares have decreased by 29.6% and is now trading at $268.59.
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Atlassian is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our earnings forecast for Atlassian.

Atlassian Co. Plc (NASDAQ:TEAM) announced its quarterly earnings data on Thursday, August, 4th. The technology company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.26 by $0.01. The technology company had revenue of $759.80 million for the quarter, compared to analyst estimates of $724.28 million. Atlassian had a negative net margin of 21.91% and a negative trailing twelve-month return on equity of 136.11%. Atlassian's revenue for the quarter was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.06) EPS.

Atlassian updated its first quarter earnings guidance on Thursday, August, 4th. The company provided earnings per share (EPS) guidance of $0.37-0.38 for the period, compared to the consensus estimate of $0.34. The company issued revenue guidance of $795-810 million, compared to the consensus revenue estimate of $773.22 million.

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.

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."

Atlassian's stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Jennison Associates LLC (3.67%), TD Asset Management Inc. (1.29%), Brown Advisory Inc. (0.73%), Hardman Johnston Global Advisors LLC (0.48%), Allspring Global Investments Holdings LLC (0.32%) and Envestnet Asset Management Inc. (0.26%).

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 $268.59.

Atlassian (NASDAQ:TEAM) has a market capitalization of $36.88 billion and generates $2.80 billion in revenue each year. The technology company earns $-696,320,000.00 in net income (profit) each year or ($2.43) on an earnings per share basis.

Atlassian 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 Atlassian is www.atlassian.com. The technology company can be reached via phone at (129) 262-1443 or via email at ir@atlassian.com.