ALTSTATION.IO

Atlassian Corporation (TEAM) Stock Analysis

By Nova Skye | AltStation.io | Updated September 07, 2026

Price

$189.88

Change

-2.47%

Market Cap

$48.07B

Avg Volume

4.6M

Company Overview

Atlassian Corporation is a Sydney, Australia-based software company operating in the application software sector. They build collaboration and workflow tools that software developers, IT departments, and business teams use to track projects and organize documentation. Their core product lineup includes Jira, Confluence, Trello, Loom, Bitbucket, and Jira Service Management. Organizations buy these cloud applications on recurring subscription licenses, embedding them directly into daily technical operations.

Atlassian is an entrenched market leader in project tracking and developer workflows, with Jira capturing an estimated 40% of the project management software space. Their primary advantage is deep ecosystem lock-in: once an engineering department ties Jira and Confluence into its codebase, switching tools is painful and expensive. They face rising pressure from nimbler competitors like Linear, Monday.com, and Asana on user experience, while ServiceNow aggressively defends the high-end enterprise IT service market. Jira’s complexity is a legitimate product liability, but their sheer scale and cross-product integration keep them firmly in the lead.

The company is growing at a strong pace, delivering $6.57 billion in total revenue for fiscal year 2026, an increase of 26% year-over-year. Cloud adoption is driving this expansion, with fourth-quarter cloud revenue jumping 31% year-over-year to $1.213 billion. Total subscription annual recurring revenue reached $6.6 billion, marking a 23% annual increase. Rather than slowing down, Atlassian is executing a clean cloud transition and rolling out AI capabilities through Rovo and Loom to lift seat value.

Key Financials

Market Cap

$48.07B

Revenue

$6.57B

EBITDA

$436.39M

Gross Margin

85.6%

Profit Margin

-0.8%

Revenue Growth

27.6%

Total Cash

$1.24B

Total Debt

$1.23B

Free Cash Flow

$1.66B

52-Week Price Performance Analysis

Price Statistics

P/E Ratio

N/A

Forward P/E

28.16

Beta

1.04

52-Week High

$198.60

52-Week Low

$56.01

EPS

$-0.21

50-Day Avg

$123.61

200-Day Avg

$109.05

Price/Book

45.46

Technical Analysis

TEAM trades at $189.88, 94% of the way from its 52-week low of $56.01 to its $198.60 high. The stock is 4.54% below that high and 238.48% above the low. Price is 9.40% above its 20-day moving average of $173.30, confirming a strong 20-day gain of 27.18%. Five-day momentum has cooled to -0.44%, showing that the rally has paused. Near-term support is $95.87, while resistance sits at $194.68.

Recent News and Developments

BTIG raises TEAM target to $230

BTIG maintained its Buy rating and raised its Atlassian price target from $180 to $230 on September 4, citing pricing power and AI monetization. TEAM was trading at $194.68, near its $198.60 52-week high. Source: Investing.com

Citi lifts TEAM target to $225

Citigroup maintained its Buy rating and increased its Atlassian price target from $170 to $225 on September 1. That is a 32.4% target increase and another clear vote of confidence from Wall Street. Source: PriceTargets.com

Bank of America raises TEAM target to $210

Bank of America reiterated its Buy rating and raised its Atlassian price target from $175 to $210 on August 31. The higher target followed the firm’s August upgrade of TEAM from Neutral to Buy. Source: MarketBeat

Market Sentiment and Analyst Recommendations

Bull Case

Revenue is growing 27.6%, giving TEAM a strong fundamental driver behind the share-price rally. Fiscal fourth-quarter revenue grew 28%, cloud revenue increased 31%, and adjusted EPS reached $1.87. Pricing power and AI monetization prompted BTIG to raise its target from $180 to $230 while maintaining a Buy rating. Citi lifted its target from $170 to $225, and Bank of America raised its target from $175 to $210. Atlassian will begin charging for excess Rovo credits and Automation usage on December 3, adding another revenue lever. With 31 analysts rating TEAM a buy and the stock at $189.88, the case for owning it rests on sustained growth and successful AI monetization.

Bear Case

TEAM gained 92.2% in August and now trades 94% of the way through its 52-week range, so much of the recent optimism is already reflected in the price. The stock is only 4.54% below its $198.60 high and is approaching near-term resistance at $194.68. Its $194.13 analyst target offers limited upside from the current $189.88 price. The analyst range is unusually wide at $107.98 to $480.00, signaling major disagreement about what the company is worth. TEAM has no reported P/E in the supplied data, making conventional earnings-based valuation difficult. Usage-based charges for Rovo and Automation create revenue upside, but the $0.50 charge per 1,000 extra Automation steps also creates a clear customer-pushback risk.

What to Watch

The first test is whether TEAM can break above near-term resistance at $194.68 and then clear its $198.60 52-week high. A drop below the 20-day moving average of $173.30 would weaken the current technical setup. Investors should monitor whether revenue growth holds near 27.6% and cloud revenue growth remains close to the reported 31%. December 3 is the key product-monetization date, when allowances and overage charges begin for Rovo credits and Automation steps. Watch customer reaction to the $0.50 charge per 1,000 extra Automation steps because pushback would weaken the AI monetization thesis. The next quarter needs to show that TEAM can convert its 92.2% August rally into sustained operating growth rather than a short-lived revaluation.

Analyst Consensus

BUY

Based on 31 analyst opinions

Low Target

$107.98

Mean Target

$194.13

High Target

$480.00

Earnings and Financial Data

Sector

Technology

Industry

Software – Application

Employees

13,301

Earnings & Dividends

Next Earnings

Oct 29, 2026

EPS (Trailing)

$-0.21

Dividend Yield

None

Payout Ratio

Frequently Asked Questions

Is TEAM a good stock to buy?

The supplied recommendation is buy based on 31 analysts, and revenue is growing 27.6%. The takeaway is that analysts favor TEAM, but the stock already sits near the top of its 52-week range.

What is TEAM’s price target?

The analyst target is $194.13, with estimates ranging from $107.98 to $480.00. The takeaway is that the average target is close to the current $189.88 price, while individual forecasts vary widely.

Is TEAM stock near its 52-week high?

TEAM is 4.54% below its $198.60 52-week high and sits 94% of the way from its $56.01 low to that high. The takeaway is that TEAM is trading near the upper end of its yearly range.

What are TEAM’s support and resistance levels?

The supplied near-term support level is $95.87, and near-term resistance is $194.68. The takeaway is that TEAM is trading much closer to resistance than support at $189.88.

How strong is TEAM’s recent momentum?

TEAM gained 27.18% over the last 20 trading days and is 9.40% above its $173.30 20-day moving average, while five-day momentum is -0.44%. The takeaway is that the broader move remains strong, but short-term momentum has cooled.

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Disclaimer: This report is for informational purposes only and does not constitute financial advice. The analysis and opinions expressed are those of AltStation.io and should not be relied upon as the sole basis for investment decisions. Always conduct your own research and consult with a qualified financial advisor before making investment decisions. Past performance does not guarantee future results. Updated September 07, 2026.