Atlassian - TEAM Stock Forecast, Price & News

16 Wall Street 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 analysts is that investors should "buy" TEAM shares.
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16 brokers have issued 1 year target prices for Atlassian's shares. Their TEAM share price forecasts range from $180.00 to $430.00. On average, they predict the company's stock price to reach $317.83 in the next twelve months. This suggests a possible upside of 46.2% 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 43.0% and is now trading at $217.33.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 27th 2022.
View our TEAM earnings forecast.

Atlassian Co. Plc (NASDAQ:TEAM) released its earnings results on Thursday, August, 4th. The technology company reported ($0.37) earnings per share for the quarter, missing the consensus estimate of ($0.24) by $0.13. The technology company had revenue of $759.80 million for the quarter, compared to the consensus estimate of $724.28 million. Atlassian had a negative net margin of 21.91% and a negative trailing twelve-month return on equity of 98.61%. The company's revenue for the quarter was up 35.8% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.06) EPS.

Atlassian issued an update on its first quarter 2023 earnings guidance on Thursday, August, 25th. The company provided EPS guidance of $0.37-$0.38 for the period, compared to the consensus EPS 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.

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 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."

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 $217.33.

Atlassian (NASDAQ:TEAM) has a market capitalization of $55.40 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.

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.