Mizuho Forecasts Strong Price Appreciation for Atlassian (NASDAQ:TEAM) Stock

Atlassian (NASDAQ:TEAM) had its price objective lifted by investment analysts at Mizuho from $235.00 to $245.00 in a research note issued on Friday,Benzinga reports. The brokerage presently has an “outperform” rating on the technology company’s stock. Mizuho’s price target suggests a potential upside of 44.61% from the stock’s current price.

A number of other equities analysts have also issued reports on TEAM. Weiss Ratings reissued a “sell (e+)” rating on shares of Atlassian in a research report on Wednesday, October 8th. The Goldman Sachs Group reissued a “buy” rating and set a $260.00 price target on shares of Atlassian in a research report on Friday. Truist Financial set a $230.00 price target on shares of Atlassian in a research report on Friday, August 8th. Zacks Research cut shares of Atlassian from a “hold” rating to a “strong sell” rating in a research note on Tuesday, October 7th. Finally, Citigroup reaffirmed a “buy” rating on shares of Atlassian in a research note on Wednesday, October 22nd. One research analyst has rated the stock with a Strong Buy rating, twenty have assigned a Buy rating, eight have given a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $239.84.

Atlassian Stock Performance

TEAM opened at $169.42 on Friday. Atlassian has a 12-month low of $144.32 and a 12-month high of $326.00. The company has a current ratio of 1.22, a quick ratio of 1.22 and a debt-to-equity ratio of 0.73. The firm has a market capitalization of $44.44 billion, a PE ratio of -238.62 and a beta of 0.92. The firm has a 50 day moving average of $164.09 and a two-hundred day moving average of $187.87.

Atlassian (NASDAQ:TEAM) last posted its quarterly earnings results on Thursday, October 30th. The technology company reported $1.04 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.21. Atlassian had a negative net margin of 3.38% and a negative return on equity of 7.20%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the firm posted $0.77 EPS. Atlassian’s revenue for the quarter was up 20.6% compared to the same quarter last year. Atlassian has set its FY 2026 guidance at EPS. Q2 2026 guidance at EPS. On average, analysts anticipate that Atlassian will post -0.34 EPS for the current year.

Insiders Place Their Bets

In related news, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $160.41, for a total value of $1,229,542.65. Following the sale, the director owned 321,930 shares of the company’s stock, valued at approximately $51,640,791.30. This trade represents a 2.33% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of Atlassian stock in a transaction on Wednesday, October 29th. The shares were sold at an average price of $160.40, for a total transaction of $1,229,466.00. Following the completion of the sale, the chief executive officer directly owned 321,930 shares in the company, valued at $51,637,572. This represents a 2.33% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 551,608 shares of company stock worth $91,244,164 in the last three months. 36.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atlassian

A number of institutional investors have recently added to or reduced their stakes in TEAM. Norges Bank acquired a new stake in Atlassian in the 2nd quarter valued at $377,794,000. Artisan Partners Limited Partnership boosted its stake in Atlassian by 66.3% during the 2nd quarter. Artisan Partners Limited Partnership now owns 3,878,133 shares of the technology company’s stock worth $787,610,000 after purchasing an additional 1,545,546 shares during the last quarter. Nuveen LLC acquired a new stake in Atlassian during the 1st quarter worth $327,665,000. AQR Capital Management LLC boosted its stake in Atlassian by 145.6% during the 1st quarter. AQR Capital Management LLC now owns 1,715,287 shares of the technology company’s stock worth $354,858,000 after purchasing an additional 1,016,902 shares during the last quarter. Finally, Swedbank AB boosted its stake in Atlassian by 139.6% during the 3rd quarter. Swedbank AB now owns 1,372,976 shares of the technology company’s stock worth $219,264,000 after purchasing an additional 800,000 shares during the last quarter. Institutional investors and hedge funds own 94.45% of the company’s stock.

About Atlassian

Atlassian Corporation, through its subsidiaries, designs, develops, licenses, and maintains various software products worldwide. Its product portfolio includes Jira Software and Jira Work Management, a project management system that connects technical and business teams so they can better plan, organize, track and manage their work and projects; Confluence, a connected workspace that organizes knowledge across all teams to move work forward; and Trello, a collaboration and organization product that captures and adds structure to fluid and fast-forming work for teams.