
Atlassian (TEAM) Stock Forecast & Price Target
Atlassian (TEAM) Analyst Ratings
Bulls say
Atlassian's positive outlook is bolstered by an upward revision in total revenue guidance to 18.5-19.0%, reflecting strong performance and anticipated growth. Free cash flow has seen a substantial increase of 21% year-over-year, reaching $343 million, underscoring the company's robust financial health. Additionally, the company has achieved a non-GAAP operating margin of 26%, an increase driven by improved operating leverage and a higher gross margin in its cloud services, indicating effective cost management and successful market positioning.
Bears say
Atlassian's stock outlook appears negative due to several fundamental factors, including the potential decline of its premium enterprise value-to-revenue multiple amidst changing market sentiment and the risk of faster-than-expected deceleration in subscription revenue. The company is also facing increasing competition from major players like Microsoft and ServiceNow, alongside disappointing traction in its general work management segment, which could hinder its ability to attract and retain customers. Furthermore, the reliance on a seat-based revenue model raises concerns amid a trend of declining software developer employment, and further investments in sales and R&D may further erode profit margins.
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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