Atlassian (NASDAQ:TEAM) Price Target Lowered to $185.00 at Mizuho

Posted by Nicole Kennedy on Mar 12th, 2026

Atlassian (NASDAQ:TEAM – Get Free Report) had its price target decreased by research analysts at Mizuho from $205.00 to $185.00 in a research note issued on Thursday,Benzinga reports. The firm presently has an “outperform” rating on the technology company’s stock. Mizuho’s target price indicates a potential upside of 145.20% from the stock’s previous close.

A number of other analysts also recently commented on the stock. Cantor Fitzgerald cut their price objective on shares of Atlassian from $240.00 to $146.00 and set an “overweight” rating for the company in a report on Wednesday, February 4th. Robert W. Baird set a $140.00 target price on Atlassian in a research note on Friday, February 6th. BMO Capital Markets set a $130.00 price objective on Atlassian and gave the stock an “outperform” rating in a research report on Friday, February 6th. Guggenheim lowered their price target on Atlassian from $225.00 to $190.00 and set a “buy” rating for the company in a report on Friday, February 6th. Finally, Morgan Stanley dropped their price target on Atlassian from $320.00 to $290.00 and set an “overweight” rating on the stock in a research note on Friday, February 6th. Twenty equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and two have issued a Sell rating to the company’s stock. According to MarketBeat.com, Atlassian presently has a consensus rating of “Moderate Buy” and an average price target of $188.52.

View Our Latest Stock Analysis on TEAM

Atlassian Stock Down 3.3%

TEAM opened at $75.45 on Thursday. The company has a debt-to-equity ratio of 0.62, a quick ratio of 0.89 and a current ratio of 0.89. The stock has a market capitalization of $19.90 billion, a price-to-earnings ratio of -104.79, a PEG ratio of 309.01 and a beta of 0.94. The company has a fifty day moving average of $107.55 and a two-hundred day moving average of $142.25. Atlassian has a fifty-two week low of $67.85 and a fifty-two week high of $242.00.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $1.59 billion during the quarter, compared to analyst estimates of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.33%. The firm’s revenue was up 23.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. On average, research analysts expect that Atlassian will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Friday, December 19th. The stock was sold at an average price of $162.40, for a total value of $1,244,796.00. Following the transaction, the director directly owned 53,655 shares of the company’s stock, valued at $8,713,572. The trade was a 12.50% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the business’s stock in a transaction that occurred on Friday, December 19th. The stock was sold at an average price of $162.40, for a total transaction of $1,244,796.00. Following the sale, the chief executive officer owned 53,655 shares of the company’s stock, valued at approximately $8,713,572. This represents a 12.50% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last quarter, insiders sold 359,131 shares of company stock worth $50,672,589. 36.66% of the stock is owned by company insiders.

Institutional Investors Weigh In On Atlassian

Several institutional investors and hedge funds have recently bought and sold shares of TEAM. Vanguard Group Inc. increased its holdings in shares of Atlassian by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock worth $3,006,281,000 after acquiring an additional 61,706 shares during the period. Baillie Gifford & Co. lifted its stake in Atlassian by 3.9% during the fourth quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock valued at $1,367,132,000 after purchasing an additional 316,276 shares during the last quarter. AQR Capital Management LLC boosted its stake in shares of Atlassian by 291.4% during the 4th quarter. AQR Capital Management LLC now owns 7,749,694 shares of the technology company’s stock worth $1,256,535,000 after acquiring an additional 5,769,788 shares in the last quarter. Morgan Stanley increased its position in shares of Atlassian by 52.4% in the fourth quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock worth $781,841,000 after acquiring an additional 1,657,309 shares in the last quarter. Finally, State Street Corp raised its position in Atlassian by 3.3% during the fourth quarter. State Street Corp now owns 3,995,100 shares of the technology company’s stock valued at $647,766,000 after buying an additional 127,105 shares during the period. Institutional investors and hedge funds own 94.45% of the company’s stock.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Atlassian will cut roughly 10% of its workforce (about 1,600 jobs) to “self‑fund” investments in AI and enterprise sales, a move management framed as accelerating the company’s transition to an AI‑first business and improving the path to sustained profitability. Atlassian to lay off about 1,600 people in pivot to AI
Positive Sentiment: Market response: shares rallied in after‑hours trading following the announcement, reflecting investor approval that the cuts could accelerate profitability and fund AI initiatives. Atlassian to cut roughly 10% jobs in pivot to AI
Neutral Sentiment: CEO messaging emphasized a human approach to layoffs and rejected a simple “AI replaces people” narrative, aiming to calm employees and customers even as the company shifts headcount and skills. Atlassian to Cut 10% of Jobs Citing AI. But Its CEO Used a Human Touch for the Layoffs.
Negative Sentiment: The restructuring includes leadership turnover (CTO departure reported) and localized impacts (e.g., ~63 roles in Washington state, layoffs in India), which could create execution risk and short‑term disruption to product roadmaps. Atlassian layoffs impact 63 workers in Washington as CTO steps down
Negative Sentiment: Operational note: a Jira-to-cloud migration tool previously designed to speed cloud moves reportedly slowed adoption, highlighting product execution and migration risks that could temper the benefit of AI initiatives. Atlassian built a tool to migrate Jira users to the cloud and it made the move slower

Atlassian Company Profile

(Get Free Report)

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.