A Glimpse Into The Expert Outlook On Atlassian Through 26 Analysts

26 analysts have shared their evaluations of Atlassian TEAM during the recent three months, expressing a mix of bullish and bearish perspectives.

In the table below, you'll find a summary of their recent ratings, revealing the shifting sentiments over the past 30 days and comparing them to the previous months.

Bullish Somewhat Bullish Indifferent Somewhat Bearish Bearish
Total Ratings 6 13 7 0 0
Last 30D 1 0 0 0 0
1M Ago 1 3 2 0 0
2M Ago 1 2 0 0 0
3M Ago 3 8 5 0 0

Analysts have recently evaluated Atlassian and provided 12-month price targets. The average target is $264.0, accompanied by a high estimate of $350.00 and a low estimate of $200.00. This current average has increased by 18.14% from the previous average price target of $223.46.

price target chart

Understanding Analyst Ratings: A Comprehensive Breakdown

A comprehensive examination of how financial experts perceive Atlassian is derived from recent analyst actions. The following is a detailed summary of key analysts, their recent evaluations, and adjustments to ratings and price targets.

Analyst Analyst Firm Action Taken Rating Current Price Target Prior Price Target
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
Karl Keirstead UBS Raises Neutral $205.00 $180.00
Gregg Moskowitz Mizuho Raises Outperform $200.00 $190.00
Keith Weiss Morgan Stanley Raises Overweight $224.00 $216.00
David Hynes Canaccord Genuity Raises Buy $225.00 $200.00

Key Insights:

  • Action Taken: Analysts frequently update their recommendations based on evolving market conditions and company performance. Whether they 'Maintain', 'Raise' or 'Lower' their stance, it reflects their reaction to recent developments related to Atlassian. This information provides a snapshot of how analysts perceive the current state of the company.
  • Rating: Unveiling insights, analysts deliver qualitative insights into stock performance, from 'Outperform' to 'Underperform'. These ratings convey expectations for the relative performance of Atlassian compared to the broader market.
  • Price Targets: Analysts navigate through adjustments in price targets, providing estimates for Atlassian's future value. Comparing current and prior targets offers insights into analysts' evolving expectations.

Navigating through these analyst evaluations alongside other financial indicators can contribute to a holistic understanding of Atlassian's market standing. Stay informed and make data-driven decisions with our Ratings Table.

Stay up to date on Atlassian analyst ratings.

All You Need to Know About 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.

A Deep Dive into Atlassian's Financials

Market Capitalization: With restricted market capitalization, the company is positioned below industry averages. This reflects a smaller scale relative to peers.

Revenue Growth: Atlassian's revenue growth over a period of 3 months has been noteworthy. As of 30 September, 2024, the company achieved a revenue growth rate of approximately 21.48%. This indicates a substantial increase in the company's top-line earnings. When compared to others in the Information Technology sector, the company excelled with a growth rate higher than the average among peers.

Net Margin: Atlassian's net margin is below industry standards, pointing towards difficulties in achieving strong profitability. With a net margin of -10.42%, the company may encounter challenges in effective cost control.

Return on Equity (ROE): Atlassian's ROE is below industry standards, pointing towards difficulties in efficiently utilizing equity capital. With an ROE of -12.01%, the company may encounter challenges in delivering satisfactory returns for shareholders.

Return on Assets (ROA): Atlassian's ROA is below industry standards, pointing towards difficulties in efficiently utilizing assets. With an ROA of -2.43%, the company may encounter challenges in delivering satisfactory returns from its assets.

Debt Management: With a high debt-to-equity ratio of 1.21, Atlassian faces challenges in effectively managing its debt levels, indicating potential financial strain.

How Are Analyst Ratings Determined?

Ratings come from analysts, or specialists within banking and financial systems that report for specific stocks or defined sectors (typically once per quarter for each stock). Analysts usually derive their information from company conference calls and meetings, financial statements, and conversations with important insiders to reach their decisions.

Some analysts publish their predictions for metrics such as growth estimates, earnings, and revenue to provide additional guidance with their ratings. When using analyst ratings, it is important to keep in mind that stock and sector analysts are also human and are only offering their opinions to investors.

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This article was generated by Benzinga's automated content engine and reviewed by an editor.

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