Atlassian Stock Forecast, Price & News

Atlassian's stock was trading at $130.44 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, TEAM shares have increased by 34.8% and is now trading at $175.78.
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18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 3 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
View analyst ratings for Atlassian.

Atlassian is scheduled to release its next quarterly earnings announcement on Thursday, October 15th 2020.
View our earnings forecast for Atlassian.

Atlassian Co. PLC (NASDAQ:TEAM) announced its quarterly earnings data on Thursday, July, 30th. The technology company reported $0.25 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.32. The technology company earned $430.48 million during the quarter, compared to analyst estimates of $408.86 million. Atlassian had a positive return on equity of 2.15% and a negative net margin of 21.72%.
View Atlassian's earnings history.

Atlassian issued an update on its first quarter earnings guidance on Thursday, July, 30th. The company provided EPS guidance of $0.26-$0.27 for the period, compared to the Thomson Reuters consensus EPS estimate of $0.29. The company issued revenue guidance of $430-$445 million, compared to the consensus revenue estimate of $438.88 million.

18 brokers have issued 1 year price targets for Atlassian's shares. Their forecasts range from $132.00 to $220.00. On average, they anticipate Atlassian's share price to reach $185.06 in the next twelve months. This suggests a possible upside of 5.3% from the stock's current price.
View analysts' price targets for Atlassian.

Atlassian saw a increase in short interest in the month of August. As of August 31st, there was short interest totaling 7,760,000 shares, an increase of 15.8% from the August 15th total of 6,700,000 shares. Based on an average daily volume of 1,860,000 shares, the days-to-cover ratio is presently 4.2 days.
View Atlassian's Short Interest.

Some companies that are related to Atlassian include ServiceNow (NOW), Intuit (INTU), Square (SQ), Activision Blizzard (ATVI), VMware (VMW), Autodesk (ADSK), Dassault Systemes (DASTY), Veeva Systems (VEEV), Docusign (DOCU), Electronic Arts (EA), Twilio (TWLO), Synopsys (SNPS), Crowdstrike (CRWD), Cadence Design Systems (CDNS) and Splunk (SPLK).
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Based on aggregate information from My MarketBeat watchlists, some companies that other Atlassian investors own include NVIDIA (NVDA), Alibaba Group (BABA), Square (SQ), salesforce.com (CRM), Netflix (NFLX), Paypal (PYPL), Trade Desk (TTD), Shopify (SHOP), Twilio (TWLO) and Tesla (TSLA).

(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.

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

Atlassian's stock is owned by many different retail and institutional investors. Top institutional investors include FMR LLC (5.16%), Jennison Associates LLC (4.66%), Pendal Group Ltd (1.97%), Bank of America Corp DE (1.17%), Winslow Capital Management LLC (0.90%) and William Blair Investment Management LLC (0.80%).

TEAM stock was sold by a variety of institutional investors in the last quarter, including FMR LLC, Bank of Nova Scotia, Pendal Group Ltd, GQG Partners LLC, Federated Hermes Inc., Neuberger Berman Group LLC, Bank of America Corp DE, and Jefferies Group LLC.

TEAM stock was bought by a variety of institutional investors in the last quarter, including Jennison Associates LLC, William Blair Investment Management LLC, First Trust Advisors LP, Hardman Johnston Global Advisors LLC, Winslow Capital Management LLC, Fisher Asset Management LLC, Nuveen Asset Management LLC, and Frontier Capital Management Co. LLC.

Shares of TEAM can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

One share of TEAM stock can currently be purchased for approximately $175.78.

Atlassian has a market capitalization of $22.54 billion and generates $1.61 billion in revenue each year. The technology company earns $-350,650,000.00 in net income (profit) each year or ($0.13) on an earnings per share basis. Atlassian employs 4,907 workers across the globe.

The official website for Atlassian is www.atlassian.com.

Atlassian's mailing address is Exchange House Primrose Street, London X0, EC2A 2EG. The technology company can be reached via phone at 415-701-1110 or via email at [email protected]