Atlassian (TEAM) Stock Forecast & Price Target

$187.06

+3.06 (+1.66%)

(As of 10/11/2024 08:51 PM ET)

Atlassian - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 21 Analyst Ratings

Sell
0

Hold
9

Buy
12

Based on 21 Wall Street analysts who have issued ratings for Atlassian in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 21 analysts, 9 have given a hold rating, and 12 have given a buy rating for TEAM.

Consensus Price Target

$216.29
15.63% Upside

According to the 21 analysts' twelve-month price targets for Atlassian, the average price target is $216.29. The highest price target for TEAM is $265.00, while the lowest price target for TEAM is $160.00. The average price target represents a forecasted upside of 15.63% from the current price of $187.06.

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TEAM Analyst Ratings Over Time

Type	Current Forecast 10/15/23 to 10/14/24	1 Month Ago 9/15/23 to 9/14/24	3 Months Ago 7/17/23 to 7/16/24	1 Year Ago 10/15/22 to 10/15/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	12 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)	11 Buy rating(s)
Hold	9 Hold rating(s)	9 Hold rating(s)	7 Hold rating(s)	8 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$216.29	$217.69	$225.06	$201.29
Forecasted Upside	15.63% Upside	32.95% Upside	22.87% Upside	6.90% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Moderate Buy

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TEAM Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

TEAM Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Atlassian Stock vs. The Competition

Type	Atlassian	Computer and Technology Companies	S&P 500
Consensus Rating Score	2.57	2.67	2.50
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy
Predicted Upside	15.63% Upside	1,695.44% Upside	6.88% Upside
News Sentiment Rating	Neutral News See Recent TEAM News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
10/11/2024	Morgan Stanley 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$216.00 ➝ $224.00	+21.74%
10/10/2024	Canaccord Genuity Group 1 of 5 stars		Boost Target	Buy ➝ Buy	$200.00 ➝ $225.00	+23.21%
10/1/2024	Raymond James 4 of 5 stars	A. Tindle Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Market Perform ➝ Outperform	$200.00	+25.94%
9/23/2024	Oppenheimer Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform ➝ Outperform	$230.00 ➝ $230.00	+41.31%
8/5/2024	Barclays Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$275.00 ➝ $250.00	+75.01%
8/2/2024	JMP Securities Subscribe to MarketBeat All Access for the recommendation accuracy rating	P. Walravens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold
Get the Latest News and Ratings for TEAM and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Atlassian and its competitors with MarketBeat's FREE daily newsletter.
8/2/2024	Baird R W Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Oliver Subscribe to MarketBeat All Access for the recommendation accuracy rating	Downgrade	Strong-Buy ➝ Hold
8/2/2024	Scotiabank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Sector Perform ➝ Sector Perform	$210.00 ➝ $175.00	+19.10%
8/2/2024	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Market Perform ➝ Market Perform	$220.00 ➝ $177.00	+23.85%
8/2/2024	Truist Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$200.00 ➝ $160.00	+5.61%
8/2/2024	Robert W. Baird Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$230.00 ➝ $175.00	+1.02%
8/2/2024	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating	K. Rangan Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Buy	$200.00 ➝ $230.00	+32.76%
7/16/2024	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Outperform ➝ Outperform	$225.00 ➝ $220.00	+22.26%
7/11/2024	Capital One Financial Subscribe to MarketBeat All Access for the recommendation accuracy rating	C. Murphy Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Equal Weight ➝ Overweight	$211.00	+20.95%
7/2/2024	Piper Sandler Subscribe to MarketBeat All Access for the recommendation accuracy rating	R. Owens Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Neutral ➝ Overweight	$200.00 ➝ $225.00	+26.23%
6/21/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Overweight ➝ Overweight	$285.00 ➝ $250.00	+58.71%
4/26/2024	TD Cowen Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Hold ➝ Hold	$220.00 ➝ $210.00	+17.32%
4/12/2024	Citigroup Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$280.00 ➝ $265.00	+23.46%
3/19/2024	KeyCorp Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Sector Weight
2/2/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$260.00 ➝ $250.00	+14.61%
2/2/2024	William Blair Subscribe to MarketBeat All Access for the recommendation accuracy rating		Reiterated Rating	Outperform
7/12/2023	OTR Global Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Positive
6/29/2023	Berenberg Bank Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Hold	$150.00	-10.12%
1/19/2023	Jefferies Financial Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy	$150.00 ➝ $180.00	+21.02%
11/4/2022	Macquarie Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$287.00 ➝ $147.00	-15.60%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Monday at 04:25 AM ET.

Should I Buy Atlassian Stock? TEAM Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Tuesday, October 8, 2024. Please send any questions or comments about these Atlassian pros and cons to contact@marketbeat.com.

Atlassian
Bull Case

Here are some ways that investors could benefit from investing in Atlassian Co.:

Atlassian Co. has shown a consistent revenue growth of 20.5% compared to the same quarter last year, indicating a strong financial performance.
Equities research analysts predict a positive earnings per share for Atlassian Co. for the current fiscal year, which could attract investors looking for profitability.
Several brokerages have issued "buy" ratings for Atlassian Co., with an average price target of $217.69, suggesting potential stock price appreciation.
Insiders have sold a significant number of shares, which could indicate confidence in the company's future performance and stability.
Atlassian Co. offers a diverse range of software products globally, providing investors with exposure to various markets and industries.

Atlassian
Bear Case

Investors should be bearish about investing in Atlassian Co. for these reasons:

Despite positive analyst ratings, there have been price target reductions by some firms, indicating potential concerns about future growth prospects.
The current stock price of Atlassian Co. may be influenced by recent insider selling activity, leading to short-term volatility.
Some analysts have lowered their price targets for Atlassian Co., suggesting a cautious outlook on the company's performance.
Market conditions and competition in the software industry could impact Atlassian Co.'s market share and revenue growth in the future.
Investors should consider the overall market sentiment and economic conditions before making investment decisions related to Atlassian Co.

TEAM Forecast - Frequently Asked Questions

: According to the research reports of 21 Wall Street equities research analysts, the average twelve-month stock price forecast for Atlassian is $216.29, with a high forecast of $265.00 and a low forecast of $160.00.
: 21 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Atlassian in the last twelve months. There are currently 9 hold ratings and 12 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" TEAM shares.
: According to analysts, Atlassian's stock has a predicted upside of 15.63% based on their 12-month stock forecasts.
: Over the previous 90 days, Atlassian's stock had 3 upgrades and 2 downgrades by analysts.
: Atlassian has been rated by research analysts at Baird R W, Barclays, BMO Capital Markets, Canaccord Genuity Group, JMP Securities, Mizuho, Morgan Stanley, Oppenheimer, Raymond James, Robert W. Baird, Scotiabank, The Goldman Sachs Group, and Truist Financial in the past 90 days.
: Analysts like Atlassian less than other "computer and technology" companies. The consensus rating score for Atlassian is 2.57 while the average consensus rating score for "computer and technology" companies is 2.67. Learn more on how TEAM compares to other companies.

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This page (NASDAQ:TEAM) was last updated on 10/14/2024 by MarketBeat.com Staff

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