Atlassian - TEAM Stock Forecast, Price & News

17 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 5 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "buy" TEAM shares.
View TEAM analyst ratings or view top-rated stocks.

17 equities research analysts have issued twelve-month target prices for Atlassian's shares. Their TEAM share price forecasts range from $147.00 to $300.00. On average, they predict the company's share price to reach $218.11 in the next year. This suggests a possible upside of 46.3% from the stock's current price.
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Atlassian's stock was trading at $128.68 at the beginning of the year. Since then, TEAM shares have increased by 15.8% and is now trading at $149.03.
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Atlassian saw a drop in short interest in the month of February. As of February 28th, there was short interest totaling 4,820,000 shares, a drop of 11.6% from the February 13th total of 5,450,000 shares. Based on an average daily volume of 3,170,000 shares, the days-to-cover ratio is presently 1.5 days.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, April 27th 2023.
View our TEAM earnings forecast.

Atlassian Co. (NASDAQ:TEAM) released its quarterly earnings results on Thursday, February, 2nd. The technology company reported ($0.59) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.26) by $0.33. The technology company had revenue of $872.70 million for the quarter, compared to analyst estimates of $842.45 million. Atlassian had a negative trailing twelve-month return on equity of 73.57% and a negative net margin of 11.17%.

ETFs with the largest weight of Atlassian (NASDAQ:TEAM) stock in their portfolio include Sterling Capital Focus Equity ETF (LCG), Fidelity Cloud Computing ETF (FCLD), Motley Fool Global Opportunities ETF (TMFG), SmartETFs Advertising & Marketing Technology ETF (MRAD), Emerge EMPWR Sustainable Select Growth Equity ETF (EMGC), First Trust NASDAQ-100-Technology Sector Index Fund (QTEC), Harbor Disruptive Innovation ETF (INNO) and Direxion Work From Home ETF (WFH).

Atlassian updated its third quarter 2023 earnings guidance on Thursday, February, 2nd. The company provided EPS guidance of for the period. The company issued revenue guidance of $890.00 million-$910.00 million, compared to the consensus revenue estimate of $900.92 million.

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.

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 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 institutional and retail investors. Top institutional shareholders include Price T Rowe Associates Inc. MD (7.61%), WCM Investment Management LLC (3.72%), Baillie Gifford & Co. (2.98%), Sands Capital Management LLC (2.18%), Artisan Partners Limited Partnership (2.15%) and Jennison Associates LLC (1.92%). Insiders that own company stock include Anutthara Bharadwaj, Cameron Deatsch, Gene Liu, Joseph Leo Binz, Michael Cannon-Brookes, Rajeev Bashyam Rajan and Scott Farquhar.
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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 $149.03.

Atlassian (NASDAQ:TEAM) has a market capitalization of $38.19 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 ($1.38) on an earnings per share basis.

The company employs 8,813 workers across the globe.

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 (415) 701-1110 or via email at ir@atlassian.com.