Atlassian Corporation PLC (NASDAQ:TEAM) Receives $172.88 Consensus Price Target from Analysts

Shares of Atlassian Corporation PLC (NASDAQ:TEAM) have earned an average rating of “Moderate Buy” from the twenty-nine brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have issued a hold recommendation and twenty-four have assigned a buy recommendation to the company. The average 12-month target price among brokerages that have covered the stock in the last year is $176.2692.

Several analysts recently weighed in on TEAM shares. UBS Group raised their target price on Atlassian from $95.00 to $160.00 and gave the company a “neutral” rating in a report on Friday, August 7th. Citizens Jmp reiterated a “market perform” rating on shares of Atlassian in a report on Wednesday, July 1st. Sanford C. Bernstein reiterated an “outperform” rating on shares of Atlassian in a report on Monday, June 29th. Barclays increased their price objective on Atlassian from $112.00 to $172.00 and gave the company an “overweight” rating in a research report on Monday. Finally, Citigroup upped their target price on shares of Atlassian from $110.00 to $170.00 and gave the company a “buy” rating in a research note on Monday.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: New AI capability: Atlassian announced Code Context, a feature of its Teamwork Graph that securely connects developers, Rovo, and coding agents with source code across large, multi-repository codebases. The product could improve the usefulness of Atlassian’s AI tools and reinforce its competitive position in enterprise software. Atlassian Announces Code Context
• Positive Sentiment: Strong earnings momentum: Atlassian’s quarterly revenue rose 27.6% year over year to $1.77 billion, exceeding estimates, while non-GAAP earnings of $1.87 per share beat consensus by roughly 24.5%. Next-quarter revenue guidance was also above Wall Street expectations, supporting the view that AI adoption and enterprise expansion are accelerating growth. TEAM Q2 Deep Dive
• Positive Sentiment: Analyst and investor confidence: Coverage highlights a 35% post-earnings jump, a growing contract backlog, and numerous new analyst price targets. The stock has also risen sharply from its 52-week low, indicating that investors view Atlassian as a potential software-sector comeback story. Atlassian Software Comeback
• Neutral Sentiment: Short-interest data reported for August shows no meaningful short position, suggesting limited evidence that short covering—not business fundamentals—is driving the recent move.
• Negative Sentiment: Valuation and execution risks: TEAM trades at a premium valuation after its sharp rebound. Analysts caution that slower annual recurring-revenue growth, heavy AI investment, competitive pressure, and potential effects on profitability could limit further upside. TEAM Premium Valuation Risks

Insider Buying and Selling

In other news, CRO Brian Duffy sold 3,000 shares of the company’s stock in a transaction that occurred on Friday, June 12th. The stock was sold at an average price of $89.71, for a total value of $269,130.00. Following the sale, the executive directly owned 227,691 shares in the company, valued at approximately $20,426,159.61. This represents a 1.30% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CFO James Chuong sold 8,838 shares of the stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total value of $775,534.50. Following the transaction, the chief financial officer owned 288,272 shares of the company’s stock, valued at $25,295,868. This represents a 2.97% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders have sold 20,041 shares of company stock worth $1,801,069. 36.66% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. MV Capital Management Inc. bought a new position in Atlassian in the fourth quarter valued at approximately $25,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Atlassian by 139.2% during the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company’s stock valued at $29,000 after acquiring an additional 220 shares during the last quarter. Western Wealth Management LLC acquired a new position in shares of Atlassian in the 1st quarter valued at $30,000. State of Wyoming lifted its stake in shares of Atlassian by 65.7% in the 1st quarter. State of Wyoming now owns 449 shares of the technology company’s stock valued at $31,000 after purchasing an additional 178 shares during the period. Finally, Basepoint Wealth LLC bought a new position in shares of Atlassian in the 4th quarter worth $32,000. Institutional investors and hedge funds own 94.45% of the company’s stock.

Atlassian Trading Up 0.8%

NASDAQ:TEAM opened at $155.24 on Monday. The company has a market capitalization of $39.40 billion, a P/E ratio of -817.05, a P/E/G ratio of 18.82 and a beta of 1.05. The stock’s 50 day moving average price is $95.71 and its 200 day moving average price is $87.35. The company has a debt-to-equity ratio of 1.13, a quick ratio of 0.70 and a current ratio of 0.70. Atlassian has a 52 week low of $56.01 and a 52 week high of $184.00.

Atlassian (NASDAQ:TEAM) last posted its earnings results on Thursday, August 6th. The technology company reported $1.87 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.37. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.07%. The firm had revenue of $1.77 billion during the quarter, compared to analysts’ expectations of $1.66 billion. During the same period in the previous year, the company earned $0.98 earnings per share. The company’s revenue was up 27.6% compared to the same quarter last year. On average, research analysts forecast that Atlassian will post 0.6 EPS for the current fiscal year.

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.