Atlassian Stock Forecast, Price & News

Atlassian's stock was trading at $130.44 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, TEAM shares have increased by 46.9% and is now trading at $191.62.
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19 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 4 hold ratings and 15 buy ratings for the stock, resulting in a consensus recommendation of "Buy."
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Atlassian is scheduled to release its next quarterly earnings announcement on Thursday, January 28th 2021.
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Atlassian Co. PLC (NASDAQ:TEAM) posted its earnings results on Monday, November, 2nd. The technology company reported $0.30 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.27 by $0.03. The technology company earned $459.51 million during the quarter, compared to the consensus estimate of $441.13 million. Atlassian had a negative net margin of 21.72% and a positive return on equity of 2.15%. The company's revenue for the quarter was up 26.5% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.28 earnings per share.
View Atlassian's earnings history.

Atlassian updated its second quarter earnings guidance on Thursday, October, 29th. The company provided earnings per share (EPS) guidance of $0.30 to $0.32 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.34. The company issued revenue guidance of $460 million to $475 million, compared to the consensus revenue estimate of $481.81 million.

19 Wall Street analysts have issued 1-year price targets for Atlassian's shares. Their forecasts range from $132.00 to $240.00. On average, they expect Atlassian's stock price to reach $198.94 in the next twelve months. This suggests a possible upside of 3.8% from the stock's current price.
View analysts' price targets for Atlassian.

Some companies that are related to Atlassian include ServiceNow (NOW), Intuit (INTU), Snowflake (SNOW), Square (SQ), Activision Blizzard (ATVI), VMware (VMW), Autodesk (ADSK), Dassault Systèmes (DASTY), Veeva Systems (VEEV), Twilio (TWLO), Docusign (DOCU), Electronic Arts (EA), Synopsys (SNPS), Splunk (SPLK) and Cadence Design Systems (CDNS).
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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), The Trade Desk (TTD), Shopify (SHOP), Tesla (TSLA) and Twilio (TWLO).

(TEAM) raised $350 million in an initial public offering 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 number of retail and institutional investors. Top institutional investors include ARK Investment Management LLC (0.10%), Envestnet Asset Management Inc. (0.02%), Xponance Inc. (0.01%), Concorde Asset Management LLC (0.01%), KBC Group NV (0.01%) and Sumitomo Mitsui DS Asset Management Company Ltd (0.01%).

TEAM stock was sold by a variety of institutional investors in the last quarter, including BNP Paribas Arbitrage SA, Diversified Trust Co, DekaBank Deutsche Girozentrale, Harel Insurance Investments & Financial Services Ltd., Clarius Group LLC, Coastline Trust Co, Harbor Investment Advisory LLC, and Banque Cantonale Vaudoise.

TEAM stock was bought by a variety of institutional investors in the last quarter, including ARK Investment Management LLC, Concorde Asset Management LLC, Avitas Wealth Management LLC, First Hawaiian Bank, KBC Group NV, Envestnet Asset Management Inc., Integrated Investment Consultants LLC, and Sumitomo Mitsui DS Asset Management Company Ltd.

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 $191.62.

Atlassian has a market capitalization of $25.33 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]