Atlassian (NASDAQ:TEAM) Stock Rating Upgraded by Zacks Research

Atlassian (NASDAQ:TEAM) was upgraded by investment analysts at Zacks Research from a “hold” rating to a “strong-buy” rating in a report issued on Wednesday,Zacks.com reports.

A number of other brokerages have also weighed in on TEAM. TD Cowen raised their price target on shares of Atlassian from $85.00 to $105.00 and gave the company a “hold” rating in a report on Friday, May 1st. Citigroup decreased their price target on Atlassian from $160.00 to $110.00 and set a “buy” rating on the stock in a report on Friday, May 1st. Barclays raised their price target on Atlassian from $106.00 to $112.00 and gave the company an “overweight” rating in a report on Thursday. Sanford C. Bernstein reiterated an “outperform” rating and issued a $295.00 price target on shares of Atlassian in a report on Friday, May 1st. Finally, UBS Group decreased their price target on Atlassian from $105.00 to $95.00 and set a “neutral” rating on the stock in a report on Friday, May 1st. One investment analyst has rated the stock with a Strong Buy rating, twenty-one have given a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.26.

Atlassian Stock Performance

Shares of Atlassian stock opened at $92.37 on Wednesday. The company has a debt-to-equity ratio of 1.13, a current ratio of 0.70 and a quick ratio of 0.89. The firm has a market cap of $24.36 billion, a P/E ratio of -111.29, a P/E/G ratio of 5.05 and a beta of 0.90. The firm has a 50 day simple moving average of $72.12 and a 200 day simple moving average of $116.37. Atlassian has a fifty-two week low of $56.01 and a fifty-two week high of $232.36.

Atlassian (NASDAQ:TEAM) last issued its quarterly earnings results on Thursday, April 30th. The technology company reported $1.75 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.42. The business had revenue of $1.79 billion during the quarter, compared to analyst estimates of $1.70 billion. Atlassian had a negative net margin of 3.50% and a positive return on equity of 6.22%. Atlassian’s revenue for the quarter was up 31.7% compared to the same quarter last year. During the same quarter last year, the business posted $0.97 earnings per share. Sell-side analysts predict that Atlassian will post 0.81 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Atlassian news, CFO Joseph Leo Binz sold 1,653 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $81.35, for a total transaction of $134,471.55. Following the transaction, the chief financial officer owned 208,639 shares in the company, valued at approximately $16,972,782.65. This trade represents a 0.79% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CTO Rajeev Bashyam Rajan sold 3,072 shares of the firm’s stock in a transaction dated Thursday, February 19th. The stock was sold at an average price of $81.35, for a total value of $249,907.20. Following the transaction, the chief technology officer owned 212,916 shares in the company, valued at approximately $17,320,716.60. This trade represents a 1.42% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 6,013 shares of company stock worth $489,158. Insiders own 36.66% of the company’s stock.

Hedge Funds Weigh In On Atlassian

Hedge funds and other institutional investors have recently made changes to their positions in the company. MV Capital Management Inc. bought a new position in shares of Atlassian during the fourth quarter worth $25,000. Physician Wealth Advisors Inc. boosted its position in shares of Atlassian by 60.4% during the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after purchasing an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp boosted its position in shares of Atlassian by 19,900.0% during the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after purchasing an additional 199 shares in the last quarter. Board of the Pension Protection Fund bought a new position in shares of Atlassian during the fourth quarter worth $32,000. Finally, Basepoint Wealth LLC bought a new position in shares of Atlassian during the fourth quarter worth $32,000. 94.45% of the stock is owned by institutional investors.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Barclays raised its price target and said Atlassian’s new annual recurring revenue (ARR) disclosure validates an improving growth trajectory, reinforcing the enterprise bull case. Barclays Hikes Price Target
• Positive Sentiment: BTIG bumped its price target from $120 to $130 and keeps a Buy rating, signaling confidence from institutional research that TEAM has upside from current levels. Benzinga
• Positive Sentiment: Zacks highlights a strong analyst-consensus upside (~41%), and separately added TEAM to its Zacks Rank #1 (Strong Buy) list — both items increase buy-side conviction. Zacks Analysts Upside Zacks Rank #1
• Positive Sentiment: Atlassian’s Team ’26 product rollouts — including opening the Teamwork Graph, Rovo (agentic execution) and the new Flex commercial model — were framed as enterprise-focused, AI-native features that make it easier for large customers to scale and adopt AI across tools. Teamwork Graph Press Release Flex Press Release
• Positive Sentiment: Independent coverage and trade press (SiliconANGLE, ComputerWeekly) highlight Rovo and Teamwork Graph as meaningful steps toward “agentic” AI for teams — helping shift the narrative that AI threatens Atlassian’s model to AI-enabled growth. SiliconANGLE Rovo Coverage
• Neutral Sentiment: Long-term performance pieces note strong historical returns for patient investors, which can bolster retail interest but don’t directly affect near-term fundamentals. MSN Historical Returns
• Neutral Sentiment: Partner recognition (Praecipio named Atlassian Partner of the Year) signals healthy channel execution but is a modest, incremental positive. Partner Award
• Negative Sentiment: Critical takes from diginomica flag that Team ’26’s positioning is “selling a nervous system, not a clean slate,” raising questions about complexity, migration friction and execution risk for large enterprises. Diginomica Critique
• Negative Sentiment: Another diginomica piece warns of an “AI governance hangover” and integration/governance complexities as Atlassian expands agentic capabilities — potential risks to adoption speed and enterprise buy-in. Diginomica Governance Concerns

Atlassian Company Profile

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.