Throughout the last three months, 27 analysts have evaluated Atlassian TEAM, offering a diverse set of opinions from bullish to bearish.
The following table summarizes their recent ratings, shedding light on the changing sentiments within the past 30 days and comparing them to the preceding months.
| Bullish | Somewhat Bullish | Indifferent | Somewhat Bearish | Bearish | |
|---|---|---|---|---|---|
| Total Ratings | 7 | 13 | 7 | 0 | 0 |
| Last 30D | 1 | 0 | 0 | 0 | 0 |
| 1M Ago | 2 | 4 | 1 | 0 | 0 |
| 2M Ago | 1 | 3 | 2 | 0 | 0 |
| 3M Ago | 3 | 6 | 4 | 0 | 0 |
Analysts' evaluations of 12-month price targets offer additional insights, showcasing an average target of $278.0, with a high estimate of $350.00 and a low estimate of $200.00. This upward trend is evident, with the current average reflecting a 18.17% increase from the previous average price target of $235.25.
Understanding Analyst Ratings: A Comprehensive Breakdown
The analysis of recent analyst actions sheds light on the perception of Atlassian by financial experts. The following summary presents key analysts, their recent evaluations, and adjustments to ratings and price targets.
| Analyst | Analyst Firm | Action Taken | Rating | Current Price Target | Prior Price Target |
|---|---|---|---|---|---|
| Brent Thill | Jefferies | Raises | Buy | $325.00 | $300.00 |
| Fatima Boolani | Citigroup | Raises | Buy | $300.00 | $255.00 |
| Thomas Blakey | Cantor Fitzgerald | Announces | Neutral | $264.00 | - |
| Keith Weiss | Morgan Stanley | Raises | Overweight | $315.00 | $259.00 |
| Keith Bachman | BMO Capital | Raises | Outperform | $292.00 | $255.00 |
| Joel Fishbein | Truist Securities | Raises | Buy | $300.00 | $250.00 |
| Rob Owens | Piper Sandler | Raises | Overweight | $310.00 | $265.00 |
| Ittai Kidron | Oppenheimer | Raises | Outperform | $300.00 | $270.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $285.00 | $255.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $285.00 | $240.00 |
| Joel Fishbein | Truist Securities | Raises | Hold | $250.00 | $200.00 |
| Steve Koenig | Macquarie | Announces | Neutral | $290.00 | - |
| Michael Turrin | Wells Fargo | Raises | Overweight | $350.00 | $300.00 |
| Jason Celino | Keybanc | Raises | Overweight | $315.00 | $260.00 |
| Brent Thill | Jefferies | Raises | Buy | $300.00 | $280.00 |
| Michael Turrin | Wells Fargo | Raises | Overweight | $300.00 | $250.00 |
| Jason Celino | Keybanc | Announces | Overweight | $260.00 | - |
| Adam Tindle | Raymond James | Raises | Outperform | $250.00 | $200.00 |
| Gregg Moskowitz | Mizuho | Raises | Outperform | $240.00 | $200.00 |
| Rob Owens | Piper Sandler | Raises | Overweight | $265.00 | $225.00 |
| Ittai Kidron | Oppenheimer | Raises | Outperform | $270.00 | $230.00 |
| Keith Bachman | BMO Capital | Raises | Market Perform | $255.00 | $177.00 |
| Nick Altmann | Scotiabank | Raises | Sector Perform | $250.00 | $175.00 |
| Joel Fishbein | Truist Securities | Raises | Hold | $200.00 | $160.00 |
| Rob Oliver | Baird | Raises | Neutral | $200.00 | $175.00 |
| Brent Thill | Jefferies | Raises | Buy | $280.00 | $240.00 |
| David Hynes | Canaccord Genuity | Raises | Buy | $255.00 | $225.00 |
Key Insights:
- Action Taken: Analysts respond to changes in market conditions and company performance, frequently updating their recommendations. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Atlassian. This information offers a snapshot of how analysts perceive the current state of the company.
- Rating: Offering insights into predictions, analysts assign qualitative values, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Atlassian compared to the broader market.
- Price Targets: Understanding forecasts, analysts offer estimates for Atlassian's future value. Examining the current and prior targets provides insight into analysts' changing expectations.
Considering these analyst evaluations in conjunction with other financial indicators can offer a comprehensive understanding of Atlassian's market position. Stay informed and make well-informed decisions with our Ratings Table.
Stay up to date on Atlassian analyst ratings.
Unveiling the Story Behind Atlassian
Atlassian produces software that helps teams work together more efficiently and effectively. The company provides project planning and management software, collaboration tools, and IT help desk solutions. The company operates in four segments: subscriptions (term licenses and cloud agreements), maintenance (annual maintenance contracts that provide support and periodic updates and are generally attached to perpetual license sales), perpetual license (upfront sale for indefinite usage of the software), and other (training, strategic consulting, and revenue from the Atlassian Marketplace app store). Atlassian was founded in 2002 and is headquartered in Sydney.
Financial Milestones: Atlassian's Journey
Market Capitalization Analysis: The company's market capitalization is below the industry average, suggesting that it is relatively smaller compared to peers. This could be due to various factors, including perceived growth potential or operational scale.
Revenue Growth: Atlassian's remarkable performance in 3 months is evident. As of 30 September, 2024, the company achieved an impressive revenue growth rate of 21.48%. This signifies a substantial increase in the company's top-line earnings. In comparison to its industry peers, the company stands out with a growth rate higher than the average among peers in the Information Technology sector.
Net Margin: Atlassian's net margin is below industry averages, indicating potential challenges in maintaining strong profitability. With a net margin of -10.42%, the company may face hurdles in effective cost management.
Return on Equity (ROE): Atlassian's ROE falls below industry averages, indicating challenges in efficiently using equity capital. With an ROE of -12.01%, the company may face hurdles in generating optimal returns for shareholders.
Return on Assets (ROA): The company's ROA is below industry benchmarks, signaling potential difficulties in efficiently utilizing assets. With an ROA of -2.43%, the company may need to address challenges in generating satisfactory returns from its assets.
Debt Management: Atlassian's debt-to-equity ratio is notably higher than the industry average. With a ratio of 1.21, the company relies more heavily on borrowed funds, indicating a higher level of financial risk.
What Are Analyst Ratings?
Experts in banking and financial systems, analysts specialize in reporting for specific stocks or defined sectors. Their comprehensive research involves attending company conference calls and meetings, analyzing financial statements, and engaging with insiders to generate what are known as analyst ratings for stocks. Typically, analysts assess and rate each stock once per quarter.
Analysts may supplement their ratings with predictions for metrics like growth estimates, earnings, and revenue, offering investors a more comprehensive outlook. However, investors should be mindful that analysts, like any human, can have subjective perspectives influencing their forecasts.
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