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NASDAQ:TEAM

Atlassian - TEAM Stock Forecast, Price & News

$275.80
-10.39 (-3.63%)
(As of 08/11/2022 12:00 AM ET)
Add
Compare
Today's Range
$273.96
▼
$292.24
50-Day Range
$165.74
▼
$286.19
52-Week Range
$159.54
▼
$483.13
Volume
2.43 million shs
Average Volume
2.13 million shs
Market Capitalization
$37.87 billion
P/E Ratio
N/A
Dividend Yield
N/A
Price Target
$317.50

Atlassian MarketRank™ Forecast

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
15.1% Upside
$317.50 Price Target
Short Interest
Healthy
2.65% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.49mentions of Atlassian in the last 14 days
Based on 35 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.88) to ($0.21) Per Share

Overall MarketRank™

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

2.21 out of 5 stars

Computer And Technology Sector

356th out of 658 stocks

Prepackaged Software Industry

117th out of 229 stocks

See Top Rated MarketRank™ Stocks Here
TEAM stock logo

About Atlassian (NASDAQ:TEAM) Stock

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.

Analyst Upgrades and Downgrades

Several equities analysts have commented on TEAM shares. Wolfe Research upped their price objective on Atlassian from $240.00 to $290.00 and gave the company an "outperform" rating in a research report on Monday. Sanford C. Bernstein assumed coverage on Atlassian in a research note on Tuesday, July 19th. They issued an "outperform" rating and a $257.00 price objective for the company. KeyCorp dropped their price objective on Atlassian from $338.00 to $278.00 and set an "overweight" rating on the stock in a report on Friday, July 22nd. Wells Fargo & Company reduced their price objective on Atlassian from $400.00 to $300.00 and set an "overweight" rating on the stock in a research report on Wednesday, May 18th. Finally, Robert W. Baird reduced their target price on Atlassian from $520.00 to $380.00 and set an "outperform" rating on the stock in a research report on Friday, August 5th. Five analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $327.11.

Atlassian Stock Up 2.6 %

Shares of NASDAQ:TEAM opened at $286.19 on Thursday. Atlassian has a 12 month low of $159.54 and a 12 month high of $483.13. The company has a debt-to-equity ratio of 2.98, a quick ratio of 1.19 and a current ratio of 1.19. The company's fifty day simple moving average is $202.91 and its 200 day simple moving average is $242.13.

Atlassian (NASDAQ:TEAM - Get Rating) last announced its quarterly earnings data on Thursday, August 4th. The technology company reported $0.27 EPS for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. Atlassian had a negative net margin of 21.91% and a negative return on equity of 98.61%. The company had revenue of $759.80 million during the quarter, compared to the consensus estimate of $724.28 million. During the same quarter last year, the firm posted ($0.06) EPS. The company's quarterly revenue was up 35.8% on a year-over-year basis. As a group, equities research analysts predict that Atlassian will post -0.88 earnings per share for the current fiscal year.

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TEAM Stock News Headlines

August 10, 2022 | americanbankingnews.com
Wolfe Research Raises Atlassian (NASDAQ:TEAM) Price Target to $290.00
August 9, 2022 | nasdaq.com
Estimating The Fair Value Of Atlassian Corporation Plc (NASDAQ:TEAM) - Nasdaq
August 9, 2022 | businesswire.com
New Relic Brings Error Tracking into Atlassian Open DevOps Solution - Business Wire
August 9, 2022 | finance.yahoo.com
TEAM Stock Sees Relative Strength Rating Leap
August 9, 2022 | americanbankingnews.com
Atlassian (NASDAQ:TEAM) Price Target Raised to $283.00
August 8, 2022 | americanbankingnews.com
Truist Financial Boosts Atlassian (NASDAQ:TEAM) Price Target to $250.00
August 7, 2022 | americanbankingnews.com
Atlassian (NASDAQ:TEAM) PT Lowered to $380.00
August 5, 2022 | benzinga.com
Expert Ratings for Atlassian Corporation - Benzinga
August 5, 2022 | finance.yahoo.com
Why Atlassian Stock Is Soaring Today
August 5, 2022 | seekingalpha.com
Atlassian cheers Q4 strong revenue, guidance provided above analyst estimates - Seeking Alpha
August 5, 2022 | marketwatch.com
Atlassian stock pops after revenue beat - MarketWatch
August 5, 2022 | bloomberg.com
Software Stocks Like Atlassian (TEAM) and Cloudflare (NET) Are Hot Again - Bloomberg
August 5, 2022 | finance.yahoo.com
Atlassian (TEAM) Q4 Earnings & Revenues Top Estimates, Up Y/Y
August 5, 2022 | finance.yahoo.com
Atlassian Stock Jumps as Results Blow Past Guidance
August 5, 2022 | msn.com
$100 Invested In Atlassian Corporation 5 Years Ago Would Be Worth This Much Today
August 5, 2022 | seekingalpha.com
Atlassian Corporation Plc (TEAM) CEO Scott Farquhar on Q4 2022 Results - Earnings Call Transcript
August 4, 2022 | in.investing.com
Atlassian Reports In-Line Q4 EPS, Revenue Beats By Investing.com - Investing.com India
August 4, 2022 | seekingalpha.com
Atlassian taps former Microsoft exec as CFO (NASDAQ:TEAM) - Seeking Alpha
August 4, 2022 | finance.yahoo.com
Atlassian stock pops after revenue beat
August 4, 2022 | finance.yahoo.com
Atlassian (TEAM) Q4 Earnings and Revenues Surpass Estimates
August 4, 2022 | investing.com
Atlassian Reports In-Line Q4 EPS, Revenue Beats By Investing.com - Investing.com
August 4, 2022 | cnbc.com
Atlassian says customers unlikely to reduce spending as the software maker surpasses revenue expectations - CNBC
August 4, 2022 | finance.yahoo.com
Atlassian Announces Fourth Quarter and Fiscal Year 2022 Results
August 4, 2022 | finance.yahoo.com
Atlassian Stock Pops As Revenue Outlook Tops Estimates Amid Cloud Transition
August 4, 2022 | realmoney.thestreet.com
Atlassian Shares Have Been Moving Higher Ahead of Earnings - RealMoney
See More Headlines
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TEAM Company Calendar

Last Earnings
8/04/2022
Today
8/11/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
6/30/2023
Get Stock Alerts

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

Price Target and Rating

Average Stock Price Forecast
$317.50
High Stock Price Forecast
$430.00
Low Stock Price Forecast
$180.00
Forecasted Upside/Downside
+15.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
16 Analysts

Profitability

EPS (Most Recent Fiscal Year)
($2.43)
Trailing P/E Ratio
N/A
Forward P/E Ratio
N/A
P/E Growth
N/A
Net Income
$-614,120,000.00
Net Margins
-21.91%
Pretax Margin
-20.14%
Return on Equity
-98.61%
Return on Assets
-5.72%

Debt

Debt-to-Equity Ratio
2.98
Current Ratio
1.19
Quick Ratio
1.19

Sales & Book Value

Annual Sales
$2.80 billion
Price / Sales
13.51
Cash Flow
N/A
Price / Cash Flow
N/A
Book Value
$2.44 per share
Price / Book
113.03

Miscellaneous

Outstanding Shares
137,308,000
Free Float
N/A
Market Cap
$37.87 billion
Optionable
Optionable
Beta
1.01

Social Links


Key Executives

  • Mr. Michael Cannon-Brookes (Age 43)
    Co-Founder, Co-CEO & Director
    Comp: $61.46k
  • Mr. Scott Farquhar (Age 42)
    Co-Founder, Co-CEO & Director
    Comp: $61.19k
  • Ms. Anu Bharadwaj
    Chief Operating Officer
  • Mr. Gene Liu
    Principal Accounting Officer & Controller
  • Mr. Rajeev Rajan
    Chief Technology Officer
  • Ms. Erika Fisher (Age 37)
    Chief Admin. Officer & Chief Legal Officer
  • Mr. Martin Lam
    Head of Investor Relations
  • Mr. Robert Chatwani
    Chief Marketing Officer
  • Ms. Amy Glancey
    Chief of Staff
  • Mr. Cameron Deatsch
    Chief Revenue Officer

Key Competitors

View All Competitors

Insiders & Institutions

View All Insider Transactions
View All Institutional Transactions













TEAM Stock - Frequently Asked Questions

Should I buy or sell Atlassian stock right now?

16 Wall Street equities research 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 equities research analysts is that investors should "buy" TEAM shares.
View TEAM analyst ratings or view top-rated stocks.

What is Atlassian's stock price forecast for 2022?

16 Wall Street analysts have issued 12 month price objectives 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 $317.50 in the next year. This suggests a possible upside of 14.6% from the stock's current price.
View analysts price targets for TEAM or view top-rated stocks among Wall Street analysts.

How have TEAM shares performed in 2022?

Atlassian's stock was trading at $381.29 on January 1st, 2022. Since then, TEAM stock has decreased by 27.3% and is now trading at $277.08.
View the best growth stocks for 2022 here.

When is Atlassian's next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TEAM earnings forecast.

How were Atlassian's earnings last quarter?

Atlassian Co. Plc (NASDAQ:TEAM) posted 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 the consensus estimate of $724.28 million. Atlassian had a negative net margin of 21.91% and a negative trailing twelve-month return on equity of 98.61%. The business's quarterly revenue was up 35.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned ($0.06) earnings per share.

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

Atlassian issued an update on its first quarter 2023 earnings guidance on Thursday, August, 11th. The company provided EPS guidance of $0.37-$0.38 for the period, compared to the consensus EPS 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.

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

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.

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), Block (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 (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.

What is Atlassian's stock symbol?

Atlassian trades on the NASDAQ under the ticker symbol "TEAM."

Who are Atlassian's major shareholders?

Atlassian's stock is owned by many different institutional and retail investors. Top institutional shareholders include Baillie Gifford & Co. (3.95%), Jennison Associates LLC (3.67%), TD Asset Management Inc. (1.29%), Brown Advisory Inc. (0.73%), William Blair Investment Management LLC (0.67%) and Hardman Johnston Global Advisors LLC (0.48%).

How do I buy shares of Atlassian?

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.
Compare Top Brokerages Here.

What is Atlassian's stock price today?

One share of TEAM stock can currently be purchased for approximately $277.08.

How much money does Atlassian make?

Atlassian (NASDAQ:TEAM) has a market capitalization of $38.05 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.

How many employees does Atlassian have?

The company 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 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.

This page (NASDAQ:TEAM) was last updated on 8/11/2022 by MarketBeat.com Staff

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