Atlassian Corporation PLC (NASDAQ:TEAM) Receives $185.12 Average PT from Brokerages

Atlassian Corporation PLC (NASDAQ:TEAM) has been given an average recommendation of “Moderate Buy” by the twenty-eight analysts that are presently covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and twenty-one have assigned a buy recommendation to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $185.1154.

TEAM has been the subject of several research analyst reports. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research note on Wednesday, January 21st. UBS Group restated a “neutral” rating and issued a $105.00 price target on shares of Atlassian in a research note on Friday, February 6th. Barclays decreased their price target on shares of Atlassian from $215.00 to $165.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Sanford C. Bernstein increased their price objective on shares of Atlassian from $290.00 to $304.00 and gave the company an “outperform” rating in a research note on Tuesday, November 18th. Finally, Wells Fargo & Company cut their target price on shares of Atlassian from $216.00 to $155.00 and set an “overweight” rating on the stock in a research report on Friday, February 6th.

Atlassian Trading Up 2.5%

Shares of TEAM opened at $75.21 on Friday. Atlassian has a 52-week low of $67.85 and a 52-week high of $242.00. The business’s fifty day moving average is $104.18 and its 200-day moving average is $140.74. 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 firm has a market cap of $19.84 billion, a price-to-earnings ratio of -104.46 and a beta of 0.94.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping analysts’ consensus estimates of $1.12 by $0.10. The company had revenue of $1.59 billion during the quarter, compared to analysts’ expectations of $1.54 billion. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.Atlassian’s revenue was up 23.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.96 EPS. Equities analysts anticipate that Atlassian will post -0.34 EPS for the current fiscal year.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Workforce cut framed as a productivity and margin play — several outlets reported the market initially viewed the ~1,600-job reduction as a disciplined step to reallocate resources toward higher-return AI and enterprise sales initiatives, which can support faster path to profitability. Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Analyst stance not uniformly bearish — the Street consensus remains constructive (a “Moderate Buy” in recent coverage) and Mizuho retains an outperform view despite lowering its price target to $185, signaling some analysts see material upside if the AI/enterprise pivot delivers. Atlassian Receives Consensus Recommendation of “Moderate Buy” Mizuho PT lowered to $185
• Neutral Sentiment: Short-interest reporting in recent data is unreliable/zero and doesn’t provide a meaningful signal for current positioning (tells us little about forced selling risk). (Data entry)
• Negative Sentiment: Significant one-time charges and leadership change — Atlassian disclosed an estimated $225M–$236M in restructuring charges and said longtime CTO Rajeev Rajan is stepping down; those details amplified downside as investors priced the near-term hit to earnings and execution risk around the AI pivot. Atlassian (TEAM) Is Down 11.1% After Restructuring To Fund AI And Enterprise Sales Pivot
• Negative Sentiment: Layoffs concentrated in R&D raise execution and product-cycle questions — reports note >900 R&D roles affected, which could slow product development even as the company shifts priorities; this feeds short-term uncertainty about roadmap delivery. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Reputational/strategic risk: critics warn of “AI-washing” — coverage and commentary question whether layoffs are genuine productivity moves or cosmetic AI repositioning, which can weigh on investor confidence if the strategy lacks clear near-term revenue pathways. Atlassian Layoffs Reignite Conversations Around The Rise Of AI Washing in 2026
• Negative Sentiment: Valuation and sentiment already under pressure — bearish price forecasts and a steep YTD/1‑yr decline have left the stock vulnerable to downside momentum if execution doubts persist. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

Insiders Place Their Bets

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction dated Monday, December 29th. The stock was sold at an average price of $163.66, for a total value of $1,254,453.90. Following the completion of the transaction, the director owned 7,665 shares of the company’s stock, valued at $1,254,453.90. This represents a 50.00% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Wednesday, December 31st. The stock was sold at an average price of $162.68, for a total value of $1,246,942.20. The SEC filing for this sale provides additional information. Insiders sold a total of 327,943 shares of company stock valued at $45,665,135 over the last quarter. 36.66% of the stock is owned by corporate insiders.

Institutional Trading of Atlassian

Several hedge funds and other institutional investors have recently made changes to their positions in TEAM. Vanguard Group Inc. raised its holdings in Atlassian by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 18,541,267 shares of the technology company’s stock valued at $3,006,281,000 after buying an additional 61,706 shares during the last quarter. Baillie Gifford & Co. grew its holdings in Atlassian by 3.9% during the 4th quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock worth $1,367,132,000 after acquiring an additional 316,276 shares during the last quarter. AQR Capital Management LLC grew its holdings in 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 during the last quarter. Morgan Stanley increased its position in Atlassian by 52.4% in the 4th quarter. Morgan Stanley now owns 4,822,007 shares of the technology company’s stock valued at $781,841,000 after acquiring an additional 1,657,309 shares during the period. Finally, State Street Corp increased its position in Atlassian by 3.3% in the 4th quarter. State Street Corp now owns 3,995,100 shares of the technology company’s stock valued at $647,766,000 after acquiring an additional 127,105 shares during the period. 94.45% of the stock is currently owned by institutional investors.

About Atlassian

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.