Atlassian - TEAM Stock Forecast, Price & News

16 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 6 hold ratings and 10 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "buy" TEAM shares.
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16 Wall Street research analysts have issued 12 month price objectives for Atlassian's stock. Their TEAM share price forecasts range from $147.00 to $430.00. On average, they anticipate the company's stock price to reach $248.53 in the next year. This suggests a possible upside of 98.1% from the stock's current price.
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Atlassian's stock was trading at $381.29 on January 1st, 2022. Since then, TEAM stock has decreased by 67.1% and is now trading at $125.46.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, January 26th 2023.
View our TEAM earnings forecast.

Atlassian Co. (NASDAQ:TEAM) released its quarterly earnings data on Thursday, November, 3rd. The technology company reported $0.36 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.10) by $0.46. The technology company earned $807.39 million during the quarter, compared to analyst estimates of $806.42 million. Atlassian had a negative net margin of 7.60% and a negative trailing twelve-month return on equity of 71.10%. The firm's revenue was up 31.5% on a year-over-year basis. During the same period last year, the firm posted ($0.01) earnings per share.

Atlassian issued an update on its second quarter 2023 earnings guidance on Thursday, November, 10th. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $835.00 million-$855.00 million, compared to the consensus revenue estimate of $879.24 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 (IPO) on Thursday, December 10th 2015. The company issued 20,000,000 shares at $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 a number of institutional and retail investors. Top institutional investors include Price T Rowe Associates Inc. MD (7.45%), Jennison Associates LLC (2.80%), WCM Investment Management LLC (2.31%), Sands Capital Management LLC (2.28%), Artisan Partners Limited Partnership (2.23%) and Baillie Gifford & Co. (2.14%). Insiders that own company stock include Anutthara Bharadwaj, Cameron Deatsch, Gene Liu, 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 $125.46.

Atlassian (NASDAQ:TEAM) has a market capitalization of $32.06 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 ($0.89) 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 (129) 262-1443 or via email at ir@atlassian.com.