
Atlassian (TEAM) Stock Forecast & Price Target
Atlassian (TEAM) Analyst Ratings
Bulls say
Atlassian is projected to see an increase in their Cloud revenue growth for FY28 due to a potential organic cloud acceleration supported by a rise in developer headcount and hiring. The company is also expected to see a decrease in Data Center revenue and a lower estimate for Cloud revenue growth in FY27 due to the phasing out of its on-premise product and a smaller migration benefit. Despite potential pressure on its core product, a strong market presence, expansive ecosystem and developer support, and solid partnerships with big companies like Rovo and Linear contribute to a positive outlook on Atlassian's stock.
Bears say
Atlassian is facing challenges with their flagship product, Jira, which accounts for over $2.5B in ARR, as customers express concerns about the product's limitations and potential disruptibility by newer, AI-enabled tools. Additionally, while the company has a strong land-and-expand strategy, their reliance on a seat-based business model and potential competition in the collaboration market may pose risks to sustained growth. The company is also facing potential security and legal risks as they shift to a cloud-based SaaS model and implement AI-driven tools.
This aggregate rating is based on analysts' research of Atlassian and is not a guaranteed prediction by Public.com or investment advice.
Atlassian (TEAM) Analyst Forecast & Price Prediction
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