
Atlassian (TEAM) Stock Forecast & Price Target
Atlassian (TEAM) Analyst Ratings
Bulls say
Atlassian's financial health demonstrates a robust positive outlook, characterized by an impressive 26% year-over-year growth in cloud revenue, reaching $1.067 billion, which surpassed market expectations. The company's Cloud Net Revenue Retention (NRR) has consistently improved for three consecutive quarters, remaining above 120% and reflecting strong customer loyalty and cross-selling effectiveness. Additionally, a record number of deals exceeding $1 million in annual contract value, alongside a 44% growth in remaining performance obligations (RPO), underscores Atlassian's enterprise sales momentum and overall market strength.
Bears say
Atlassian's stock outlook appears negative due to potential deceleration in subscription revenue growth and the expectation of a decline in Data Center revenue as it laps the prior fiscal year's revenue recognition effects. Investors are concerned about the company's premium valuation relative to growth-adjusted peers, compounded by increasing competition from major players like Microsoft and ServiceNow, along with disappointing traction in general work management solutions. Furthermore, management's guidance indicates that while current Data Center revenue growth is stable, it is anticipated to sharply decline in FY27, raising additional concerns about future revenue sustainability.
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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