
Atlassian (TEAM) Stock Forecast & Price Target
Atlassian (TEAM) Analyst Ratings
Bulls say
Atlassian's financial performance demonstrates robust growth potential, highlighted by consecutive improvements in Cloud Net Revenue Retention (NRR), which remains above 120%, and a significant organic Remaining Performance Obligations (RPO) growth of over 40%. The company reported cloud revenue of $1.067 billion, reflecting a 26% year-over-year increase, supported by strong enterprise sales momentum and record levels of multi-million dollar Annual Contract Value (ACV) deals. Additionally, Atlassian's management expresses confidence in their ability to maintain a cloud revenue compound annual growth rate (CAGR) of 20% or more, reinforcing a positive outlook on future performance.
Bears say
Atlassian's recent stock performance reflects investor concerns over organic growth acceleration, leading to a decline in share value despite better-than-expected financial results. Forecasts indicate a deceleration in Data Center revenue growth due to the expiration of revenue recognition benefits, alongside anticipated challenges with subscription revenue and intensifying competition from industry players like Microsoft and ServiceNow. Additionally, the company faces downside risks related to its premium valuation metrics, which may normalize in response to shifting market sentiments and disappointing performance in general work management sectors.
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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