Atlassian (NASDAQ:TEAM) Price Target Raised to $200.00 at Oppenheimer

Posted by Brenda Bartman on Aug 8th, 2026

Atlassian (NASDAQ:TEAM – Free Report) had its target price lifted by Oppenheimer from $110.00 to $200.00 in a research report report published on Friday morning, MarketBeat reports. The brokerage currently has an outperform rating on the technology company’s stock.

Other research analysts also recently issued reports about the stock. Citizens Jmp reissued a “market perform” rating on shares of Atlassian in a research report on Wednesday, July 1st. TD Cowen increased their target price on shares of Atlassian from $105.00 to $145.00 and gave the stock a “hold” rating in a research note on Friday. UBS Group dropped their price target on Atlassian from $105.00 to $95.00 and set a “neutral” rating on the stock in a research report on Friday, May 1st. Wells Fargo & Company upped their price objective on Atlassian from $140.00 to $180.00 and gave the company an “overweight” rating in a research note on Friday. Finally, Zacks Research cut Atlassian from a “strong-buy” rating to a “hold” rating in a research report on Monday, June 29th. Twenty-three research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $172.88.

Check Out Our Latest Analysis on TEAM

Atlassian Trading Up 35.3%

TEAM opened at $149.07 on Friday. The company has a quick ratio of 0.70, a current ratio of 0.70 and a debt-to-equity ratio of 1.13. Atlassian has a 52 week low of $56.01 and a 52 week high of $184.00. The business’s 50 day moving average is $93.01 and its two-hundred day moving average is $86.92. The firm has a market cap of $37.83 billion, a price-to-earnings ratio of -784.58, a price-to-earnings-growth ratio of 7.91 and a beta of 1.05.

Atlassian (NASDAQ:TEAM – Get Free Report) last posted its quarterly earnings data on Thursday, August 6th. The technology company reported $1.87 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.37. Atlassian had a positive return on equity of 20.07% and a negative net margin of 0.82%.The business had revenue of $1.77 billion during the quarter, compared to the consensus estimate of $1.66 billion. During the same period in the prior year, the company earned $0.98 earnings per share. The company’s revenue was up 27.6% compared to the same quarter last year. On average, research analysts predict that Atlassian will post 0.67 EPS for the current year.

Insider Buying and Selling

In related news, CFO James Chuong sold 8,838 shares of the company’s stock in a transaction on Tuesday, May 19th. The stock was sold at an average price of $87.75, for a total transaction of $775,534.50. Following the transaction, the chief financial officer owned 288,272 shares of the company’s stock, valued at $25,295,868. This represents a 2.97% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CRO Brian Duffy sold 3,000 shares of the stock in a transaction on Friday, June 12th. The stock was sold at an average price of $89.71, for a total value of $269,130.00. Following the completion of the transaction, the executive owned 227,691 shares of the company’s stock, valued at $20,426,159.61. The trade was a 1.30% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders sold 20,041 shares of company stock worth $1,801,069. Company insiders own 36.66% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Baillie Gifford & Co. lifted its position in shares of Atlassian by 3.9% during the 4th quarter. Baillie Gifford & Co. now owns 8,431,802 shares of the technology company’s stock valued at $1,367,132,000 after acquiring an additional 316,276 shares during the period. Exane Asset Management grew its holdings in shares of Atlassian by 419.9% in the 4th quarter. Exane Asset Management now owns 31,363 shares of the technology company’s stock worth $5,085,000 after acquiring an additional 25,330 shares during the period. Nicholas Company Inc. grew its holdings in shares of Atlassian by 8.7% in the 4th quarter. Nicholas Company Inc. now owns 306,819 shares of the technology company’s stock worth $49,748,000 after acquiring an additional 24,490 shares during the period. Fisher Funds Management LTD increased its stake in Atlassian by 11.1% in the 4th quarter. Fisher Funds Management LTD now owns 334,011 shares of the technology company’s stock valued at $54,440,000 after purchasing an additional 33,485 shares in the last quarter. Finally, Merit Financial Group LLC increased its stake in Atlassian by 339.8% in the 4th quarter. Merit Financial Group LLC now owns 31,565 shares of the technology company’s stock valued at $5,118,000 after purchasing an additional 24,388 shares in the last quarter. 94.45% of the stock is currently owned by institutional investors and hedge funds.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Results exceeded expectations: Atlassian reported adjusted earnings of $1.87 per share, versus the $1.50 consensus estimate, while revenue rose 27.6% year over year to $1.77 billion, ahead of the $1.66 billion forecast. Atlassian beats quarterly estimates on strong cloud demand
Positive Sentiment: Cloud and enterprise momentum supported the rally: Cloud revenue grew 31% to $1.21 billion, Data Center revenue topped estimates, and the company cited record large enterprise contracts, strong subscription demand and rising adoption of its AI-powered Rovo platform. TEAM Q4 Earnings Call Highlights AI and Enterprise Momentum
Positive Sentiment: Fiscal 2027 guidance was viewed favorably: Management’s cloud revenue outlook exceeded expectations, and first-quarter revenue guidance of approximately $1.7 billion was above or in line with consensus, reinforcing confidence in continued growth. Atlassian earnings beat drives 30% stock surge
Positive Sentiment: Analyst support strengthened: Bank of America upgraded TEAM to Buy with a $175 target, while BMO raised its target to $175 and Oppenheimer lifted its target to $200 with an Outperform rating. Unusually heavy call-option activity also reflected bullish near-term positioning.
Neutral Sentiment: Atlassian’s results were interpreted as a potential turning point for software stocks broadly, suggesting investors may again be rewarding solid fundamentals despite AI-disruption concerns. Software Stocks Trade Like It’s 2022 After Atlassian Leads Earnings Rally
Negative Sentiment: The company still faces external uncertainty, and the sharp rebound leaves TEAM trading near the upper end of its recent range, increasing the risk of profit-taking if cloud growth or AI adoption slows.

Atlassian Company Profile

(Get Free Report)

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.