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NASDAQ:TEAM

Atlassian - TEAM Stock Forecast, Price & News

$283.25
+7.45 (+2.70%)
(As of 08/12/2022 04:34 PM ET)
Add
Compare
Today's Range
$270.72
$283.54
50-Day Range
$165.74
$286.19
52-Week Range
$159.54
$483.13
Volume
2.37 million shs
Average Volume
2.13 million shs
Market Capitalization
$38.89 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
13.1% Upside
$317.83 Price Target
Short Interest
Healthy
2.65% of Shares Sold Short
Dividend Strength
N/A
Sustainability
-0.64
Upright™ Environmental Score
News Sentiment
0.48mentions of Atlassian in the last 14 days
Based on 19 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
Growing
From ($0.92) to ($0.46) Per Share

Overall MarketRank

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

2.16 out of 5 stars

Computer And Technology Sector

391st out of 659 stocks

Prepackaged Software Industry

132nd out of 230 stocks

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 research firms have recently weighed in on TEAM. Canaccord Genuity Group reduced their price objective on Atlassian from $375.00 to $300.00 in a research note on Friday, April 29th. Cowen lowered their target price on shares of Atlassian from $285.00 to $245.00 in a research report on Friday, July 22nd. Sanford C. Bernstein started coverage on Atlassian in a research report on Tuesday, July 19th. They issued an "outperform" rating and a $257.00 price target on the stock. Morgan Stanley decreased their target price on Atlassian from $460.00 to $430.00 and set an "overweight" rating on the stock in a research report on Monday, July 11th. Finally, KeyCorp cut their price target on shares of Atlassian from $338.00 to $278.00 and set an "overweight" rating for the company in a research note on Friday, July 22nd. Five analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $327.11.

Atlassian Trading Down 3.6 %

TEAM opened at $275.80 on Friday. The stock has a market capitalization of $37.87 billion, a P/E ratio of -113.50 and a beta of 1.01. Atlassian has a 12 month low of $159.54 and a 12 month high of $483.13. The firm's fifty day simple moving average is $204.50 and its 200 day simple moving average is $241.96. The company has a current ratio of 1.19, a quick ratio of 1.19 and a debt-to-equity ratio of 2.98.

Atlassian (NASDAQ:TEAM - Get Rating) last posted its quarterly earnings data on Thursday, August 4th. The technology company reported $0.27 EPS for the quarter, beating the consensus estimate 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 business had revenue of $759.80 million for the quarter, compared to analysts' expectations of $724.28 million. During the same period in the previous year, the firm posted ($0.06) EPS. The firm's revenue was up 35.8% compared to the same quarter last year. As a group, research analysts anticipate that Atlassian will post -0.88 EPS for the current fiscal year.

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TEAM Stock News Headlines

WARNING: Do You Invest with these Banks
Take a close look at these investment banks. Because if you own stocks with any of these brokerages... This new political development WILL affect you. If you invest with any of these brokerage firms, click here to see how to protect your portfolio from this new conflict. pixel
TEAM Stock Sees Relative Strength Rating Leap
Atlassian (NASDAQ:TEAM) Price Target Raised to $283.00
Atlassian (NASDAQ:TEAM) PT Lowered to $380.00
WARNING: Do You Invest with these Banks
Take a close look at these investment banks. Because if you own stocks with any of these brokerages... This new political development WILL affect you. If you invest with any of these brokerage firms, click here to see how to protect your portfolio from this new conflict. pixel
Why Atlassian Stock Is Soaring Today
Atlassian Stock Jumps as Results Blow Past Guidance
Atlassian stock pops after revenue beat
See More Headlines
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TEAM Company Calendar

Last Earnings
8/04/2022
Today
8/12/2022
Next Earnings (Estimated)
10/27/2022
Fiscal Year End
6/30/2023

Industry, Sector and Symbol

Industry
Prepackaged software
Sub-Industry
N/A
Current Symbol
NASDAQ:TEAM
Fax
N/A
Employees
6,433
Year Founded
2002

Price Target and Rating

Average Stock Price Forecast
$317.83
High Stock Price Forecast
$430.00
Low Stock Price Forecast
$180.00
Forecasted Upside/Downside
+12.1%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
16 Analysts

Profitability

Net Income
$-614,120,000.00
Pretax Margin
-20.14%

Debt

Sales & Book Value

Annual Sales
$2.80 billion
Book Value
$2.44 per share

Miscellaneous

Free Float
N/A
Market Cap
$38.89 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













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 twelve months. 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 equities research analysts have issued twelve-month price targets 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 $317.83 in the next year. This suggests a possible upside of 13.1% 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 at the beginning of 2022. Since then, TEAM stock has decreased by 26.3% and is now trading at $281.02.
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) released its earnings results on Thursday, August, 4th. The technology company reported $0.27 earnings per share for the quarter, beating analysts' consensus estimates of $0.26 by $0.01. The technology company earned $759.80 million during the quarter, compared to the consensus estimate of $724.28 million. Atlassian had a negative trailing twelve-month return on equity of 98.61% and a negative net margin of 21.91%. The company's quarterly revenue was up 35.8% on a year-over-year basis. During the same quarter in the previous year, the company posted ($0.06) earnings per share.

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

Atlassian updated its first quarter 2023 earnings guidance on Thursday, August, 11th. The company provided earnings per share (EPS) guidance of $0.37-$0.38 for the period, compared to the consensus earnings per share 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 investors include Sands Capital Management LLC (4.74%), Baillie Gifford & Co. (3.95%), Artisan Partners Limited Partnership (3.79%), Jennison Associates LLC (3.67%), FMR LLC (2.28%) and Clearbridge Investments LLC (2.27%).

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 $281.02.

How much money does Atlassian make?

Atlassian (NASDAQ:TEAM) has a market capitalization of $38.59 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 8/12/2022 by MarketBeat.com Staff

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