
Atlassian (TEAM) Stock Forecast & Price Target
Atlassian (TEAM) Analyst Ratings
Bulls say
Atlassian's cloud net revenue retention (NRR) has shown a consistent upward trajectory for three consecutive quarters, remaining above 120%, which underscores strong customer engagement and successful cross-selling initiatives. The company's cloud revenue reached $1.067 billion, reflecting a substantial year-over-year growth of 26%, driven by robust enterprise sales momentum and a notable increase in paid seat expansion. Additionally, management highlighted their confidence in achieving a revenue compound annual growth rate (CAGR) of over 20% for FY27, reinforced by impressive organic revenue performance and a record number of large annual contract value (ACV) deals.
Bears say
Atlassian's stock has shown a negative outlook primarily due to expectations of decelerating growth in Data Center revenue, particularly as it will face tough comparisons from the previous fiscal year. The company's premium EV/revenue multiple may be at risk of declining as market sentiment shifts, compounded by concerns over slower subscription revenue growth amid increasing competition from major players like Microsoft and ServiceNow. Additionally, the stock's lack of momentum, indicated by weak medium to long-term return patterns, enhances the potential for continued downside in investor sentiment.
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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