Atlassian (TEAM) Stock Forecast, Price & News

18 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last year. There are currently 7 hold ratings and 11 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" TEAM shares.
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18 Wall Street analysts have issued 12-month target prices for Atlassian's shares. Their TEAM share price forecasts range from $147.00 to $240.00. On average, they expect the company's share price to reach $198.56 in the next year. This suggests a possible upside of 0.5% from the stock's current price.
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Atlassian's stock was trading at $128.68 at the start of the year. Since then, TEAM shares have increased by 53.6% and is now trading at $197.66.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023.
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Atlassian Co. (NASDAQ:TEAM) issued its earnings results on Wednesday, October, 27th. The technology company reported $0.46 EPS for the quarter, beating the consensus estimate of $0.40 by $0.06. The technology company earned $516.01 million during the quarter, compared to analysts' expectations of $585.64 million. Atlassian had a negative net margin of 13.77% and a negative trailing twelve-month return on equity of 64.16%. The firm's revenue was up 12.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.05 earnings per share.

ETFs with the largest weight of Atlassian (NASDAQ:TEAM) stock in their portfolio include Optimize AI Smart Sentiment Event-Driven ETF (OAIE), Sterling Capital Focus Equity ETF (LCG), Direxion Daily Cloud Computing Bull 2x (CLDL), Motley Fool Global Opportunities ETF (TMFG), SmartETFs Advertising & Marketing Technology ETF (MRAD), Fidelity Cloud Computing ETF (FCLD), First Trust NASDAQ 100 Technology Index Fund (QTEC) and Direxion Work From Home ETF (WFH).

Atlassian updated its first quarter 2024 earnings guidance on Thursday, August, 3rd. The company provided earnings per share guidance of for the period. The company issued revenue guidance of $950.00 million-$970.00 million, compared to the consensus revenue estimate of $950.96 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 a price of $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 many different institutional and retail investors. Top institutional investors include WCM Investment Management LLC (3.70%), BlackRock Inc. (3.31%), Baillie Gifford & Co. (2.87%), Artisan Partners Limited Partnership (2.33%), Brown Advisory Inc. (1.42%) and Renaissance Technologies LLC (0.86%). Insiders that own company stock include Anutthara Bharadwaj, Cameron Deatsch, Enrique T Salem, 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 $197.66.

Atlassian (NASDAQ:TEAM) has a market capitalization of $50.80 billion and generates $3.53 billion in revenue each year. The technology company earns $-486,760,000.00 in net income (profit) each year or ($1.89) 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 (415) 701-1110 or via email at ir@atlassian.com.