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Atlassian Corp PLC Market Cap
From what 15 stock analysts predict, the share price for Atlassian Corp PLC (TEAM) might increase by 20.14% in the next year. This is based on a 12-month average estimation for TEAM. Price targets go from $160 to $250. The majority of stock analysts believe TEAM is a buy. Please note analyst price targets are not guaranteed and could be missed completely.
TEAM is a stock in Technology which has been forecasted to be worth $205.44 as an average. On the higher end, the forecast price is $250 USD by Joel Fishbein from Truist Securities and on the lower end TEAM is forecasted to be $160 by Derrick Wood from Cowen & Co..
These are the latest 20 analyst ratings of TEAM.
|
Analyst/Firm |
Rating |
Price Target |
Change |
Date |
|---|---|---|---|---|
| Adam Tindle Raymond James | Outperform | $200 | Upgrade | Oct 1, 2024 |
| Ittai Kidron Oppenheimer | Outperform | $230 | Reiterates | Sep 23, 2024 |
| Ryan Macwilliams Barclays | Overweight | $250 | Maintains | Aug 5, 2024 |
| Nick Altmann Scotiabank | Sector Perform | $175 | Maintains | Aug 2, 2024 |
| Joel Fishbein Truist Securities | Hold | $160 | Maintains | Aug 2, 2024 |
| Keith Bachman BMO Capital | Market Perform | $177 | Maintains | Aug 2, 2024 |
| Kash Rangan Goldman Sachs | Buy | $230 | Upgrade | Aug 2, 2024 |
| Ittai Kidron Oppenheimer | Outperform | $230 | Maintains | Aug 2, 2024 |
| Rob Oliver Baird | Neutral | $175 | Downgrade | Aug 2, 2024 |
| Keith Weiss Morgan Stanley | Overweight | $225 | Maintains | Jul 17, 2024 |
| Gregg Moskowitz Mizuho | Outperform | $220 | Maintains | Jul 16, 2024 |
| Connor Murphy Capital One | Overweight | $211 | Upgrade | Jul 11, 2024 |
| Rob Owens Piper Sandler | Overweight | $225 | Upgrade | Jul 2, 2024 |
| Michael Turrin Wells Fargo | Overweight | $250 | Maintains | Jun 21, 2024 |
| Ittai Kidron Oppenheimer | Outperform | $250 | Maintains | Apr 26, 2024 |
| David Hynes Canaccord Genuity | Buy | $230 | Maintains | Apr 26, 2024 |
| Joel Fishbein Truist Securities | Hold | $200 | Maintains | Apr 26, 2024 |
| Gregg Moskowitz Mizuho | Buy | $225 | Maintains | Apr 26, 2024 |
| Derrick Wood TD Cowen | Hold | $210 | Maintains | Apr 26, 2024 |
| Rob Oliver Baird | Outperform | $230 | Maintains | Apr 26, 2024 |
When did it IPO
2015
Staff Count
12,157
Country
Australia
Sector/Industry
Technology/Software—Application
CEO
Mr. Michael Cannon-Brookes
Market Cap
$44.46B
In 2023, TEAM generated $3.53B in revenue, which was a increase of 26.11% from the previous year. This can be seen as a signal that TEAM's business is growing, and its share price could be worth more in the future. However, if the company grows faster (or slower) than expected, this could also have a major impact on the future share price.
Revenue From 2020
Revenue From 2021
Revenue From 2022
Revenue From 2023
Wed, 25 Sep 2024
Sentiment - NEGATIVE
Source - Zacks Investment Research
Summary - Atlassian (TEAM), valued at $42 billion, offers collaboration tools like Jira and Trello. The stock peaked over $250 in January but has struggled throughout the year.
Why It Matters - Atlassian's stock decline from its January peak signals potential volatility. Its reliance on software developers highlights both growth opportunities and risks in a competitive market.
Tue, 24 Sep 2024
Sentiment - NEUTRAL
Source - GlobeNewsWire
Summary - Tabnine has launched two AI agents for Atlassian Jira: the Jira Implementation Agent and the Jira Validation Agent, aimed at improving software development and maintenance.
Why It Matters - Tabnine's AI agents for Atlassian Jira enhance software development efficiency, potentially increasing productivity and reducing costs, which could boost Atlassian's market position and attractiveness to investors.
Wed, 18 Sep 2024
Sentiment - POSITIVE
Source - The Motley Fool
Summary - Atlassian aims to exceed $10 billion in annual revenue, driven by its new AI product, Rovo, which is expected to generate additional revenue streams.
Why It Matters - Atlassian's new AI product Rovo could significantly boost revenue, indicating strong growth potential and increased market competitiveness, which may enhance investor confidence and stock value.
Tue, 17 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Atlassian's Q4 '24 earnings and next-year guidance were disappointing, but it has growth potential in Software Development and Work Management markets. Shares are near strong support despite high valuation.
Why It Matters - Atlassian's disappointing earnings and guidance may signal short-term challenges, but its potential in growing markets and strong support levels suggest possible long-term value for investors.
Wed, 11 Sep 2024
Sentiment - NEUTRAL
Source - Seeking Alpha
Summary - Atlassian Corporation (NASDAQ: TEAM) participated in the Goldman Sachs Communacopia & Technology Conference on September 11, 2024, with SVP Tiffany To representing the company.
Why It Matters - Atlassian's participation in a prominent conference signals its commitment to investor engagement and could influence stock sentiment and market perceptions.
Mon, 09 Sep 2024
Sentiment - POSITIVE
Source - Seeking Alpha
Summary - Atlassian holds a "buy" rating with a $171 price target. Despite potential short-term volatility and lower FY25 guidance, strong innovation and cloud migration support long-term growth.
Why It Matters - Atlassian's strong buy rating and $171 target highlight confidence in its growth strategy, AI innovations, and revenue goals, appealing to investors focused on long-term value despite short-term challenges.
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