
Atlassian (TEAM) Stock Forecast & Price Target
Atlassian (TEAM) Analyst Ratings
Bulls say
Atlassian's stock outlook is positively influenced by consistent improvement in Cloud Net Revenue Retention (NRR), which has increased for three consecutive quarters and remains above 120%, reflecting a strong commitment from long-term customers. The company's cloud revenue reached $1.067 billion, marking a 26% year-over-year increase and exceeding expectations, bolstered by robust enterprise sales and a record number of $1 million-plus Annual Contract Value (ACV) deals. Atlassian's management forecasted full-year revenue growth of 22%, driven by paid seat expansion and strong momentum from their AI-enhanced Teamwork Collection, demonstrating confidence in their ability to achieve a compound annual growth rate (CAGR) of over 20% for FY27.
Bears say
Atlassian's stock is facing a negative outlook primarily due to concerns over a deceleration in organic growth, particularly in Data Center revenue, which is expected to sharply decline in FY27 after a significant increase in FY26. The company is also experiencing weak price momentum, indicating historically poor medium to long-term returns, compounded by escalating competition from major players like Microsoft and ServiceNow. Additionally, risks associated with potential declines in Atlassian's premium EV/revenue multiple, faster subscription revenue deceleration, and diminishing revenue gains from transitioning Data Center customers to Cloud services further contribute to the pessimistic sentiment surrounding the stock.
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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