Cantor Fitzgerald Issues Positive Forecast for Atlassian (NASDAQ:TEAM) Stock Price

Atlassian (NASDAQ:TEAM) had its price target lifted by Cantor Fitzgerald from $175.00 to $220.00 in a research report released on Monday, Marketbeat Ratings reports. The brokerage currently has an overweight rating on the technology company’s stock.

Several other equities research analysts have also recently issued reports on the stock. Citigroup boosted their price objective on shares of Atlassian from $170.00 to $225.00 and gave the company a “buy” rating in a research report on Tuesday, September 1st. Wall Street Zen raised shares of Atlassian from a “hold” rating to a “buy” rating in a research report on Sunday, September 13th. Citizens Jmp reaffirmed a “market perform” rating on shares of Atlassian in a research note on Wednesday, July 1st. Robert W. Baird set a $200.00 price target on Atlassian in a report on Friday, August 7th. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $200.00 price objective on shares of Atlassian in a research note on Friday, August 7th. Twenty-five analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, Atlassian has an average rating of “Moderate Buy” and a consensus target price of $189.89.

Atlassian Stock Up 1.9%

NASDAQ:TEAM opened at $195.67 on Monday. The company has a market cap of $49.66 billion, a price-to-earnings ratio of -1,029.84, a price-to-earnings-growth ratio of 15.09 and a beta of 1.15. Atlassian has a twelve month low of $56.01 and a twelve month high of $198.60. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 0.93. The stock has a fifty day simple moving average of $148.28 and a 200-day simple moving average of $104.24.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Friday, August 7th. The technology company reported $1.87 EPS for the quarter, topping analysts’ consensus estimates of $1.50 by $0.37. The firm had revenue of $1.77 billion for the quarter, compared to analysts’ expectations of $1.66 billion. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The business’s revenue for the quarter was up 27.6% on a year-over-year basis. During the same period in the prior year, the business posted $0.98 earnings per share. Analysts anticipate that Atlassian will post 0.94 EPS for the current year.

Insider Buying and Selling at Atlassian

In other Atlassian news, CAO Gene Liu sold 939 shares of Atlassian stock in a transaction on Friday, August 28th. The shares were sold at an average price of $190.00, for a total value of $178,410.00. Following the transaction, the chief accounting officer directly owned 55,868 shares of the company’s stock, valued at approximately $10,614,920. The trade was a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CRO Brian Duffy sold 1,851 shares of the company’s stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $319,204.95. Following the transaction, the executive directly owned 218,223 shares in the company, valued at approximately $37,632,556.35. The trade was a 0.84% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 22,138 shares of company stock worth $3,751,873 over the last three months. Corporate insiders own 36.66% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the business. MV Capital Management Inc. purchased a new stake in shares of Atlassian during the fourth quarter worth about $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Atlassian during the second quarter valued at about $27,000. MassMutual Private Wealth & Trust FSB raised its position in shares of Atlassian by 139.2% in the 2nd quarter. MassMutual Private Wealth & Trust FSB now owns 378 shares of the technology company’s stock valued at $29,000 after purchasing an additional 220 shares during the last quarter. Western Wealth Management LLC purchased a new position in shares of Atlassian in the 1st quarter valued at approximately $30,000. Finally, State of Wyoming boosted its stake in Atlassian by 65.7% in the 1st quarter. State of Wyoming now owns 449 shares of the technology company’s stock worth $31,000 after purchasing an additional 178 shares in the last quarter. 94.45% of the stock is owned by institutional investors and hedge funds.

Key Atlassian News

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Cantor Fitzgerald raised its price target to $220 from $175 and maintained an “overweight” rating, implying approximately 12.4% upside from the referenced price. The increase reflects confidence in Atlassian’s cloud expansion and improving growth outlook. Cantor Fitzgerald raises Atlassian price target
• Positive Sentiment: Analysts and recent commentary point to strong cloud adoption, customer cross-selling and agentic automation as key drivers of Atlassian’s revenue momentum. The view that AI is increasing demand for tools such as Jira and Confluence is helping reverse earlier concerns that AI could threaten software companies. Can Strong Cloud Growth Sustain Atlassian’s Revenue Momentum?
• Positive Sentiment: Atlassian’s shares have gained roughly 132% since mid-June as software-sector earnings beats have strengthened the AI-driven growth narrative. A separate report also noted an approximately 12% increase in the consensus price target, reinforcing bullish sentiment. Is Atlassian Stock Still a Buy After a 132% Three-Month Run?
• Negative Sentiment: The main risk is that subscription annual recurring revenue growth is expected to moderate. After the stock’s substantial rally, its elevated valuation leaves TEAM vulnerable if cloud expansion, cross-selling or AI monetization fail to meet expectations.

About Atlassian

Atlassian Corporation develops collaboration, productivity and workflow software for software development, information technology, business and other teams. Its products are designed to help organizations plan projects, manage work, share knowledge, improve service delivery and coordinate across departments.

Its product portfolio includes Jira for project and issue tracking, Confluence for collaboration and knowledge management, Jira Service Management for IT and business service workflows, Trello for organizing tasks and projects, Bitbucket for source-code management, and Loom for video messaging.