
Atlassian (TEAM) Stock Forecast & Price Target
Atlassian (TEAM) Analyst Ratings
Bulls say
Atlassian's stock outlook is bolstered by a consistent improvement in Cloud Net Revenue Retention (NRR), which has remained above 120% for three consecutive quarters, highlighting strong customer engagement and cross-selling success. The company's fiscal year 2026 guidance for cloud revenue was notably increased by $62 million, indicating robust growth prospects driven by successful enterprise sales and a record number of large deals. Furthermore, the company exhibits impressive metrics such as a logo retention rate of approximately 98% among its largest customers and significant increases in both organic Remaining Performance Obligation (RPO) and committed RPO, underscoring the effectiveness of its consolidated software solutions and compelling product offerings like Jira Service Management.
Bears say
Atlassian's stock has faced downward pressure following a recent earnings report, despite having exceeded expectations, primarily due to investor concerns regarding the need for organic growth acceleration. Significant risks include the anticipated deceleration of Data Center revenue growth in FY27, increased competition from major players like Microsoft and ServiceNow, and the possibility of a faster-than-expected slowdown in subscription revenue. Furthermore, the company's premium EV/revenue multiple could be negatively impacted by changing market sentiments, placing additional pressure on its stock performance amidst a backdrop of macroeconomic and competitive challenges.
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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