BTIG Research Has Lowered Expectations for Atlassian (NASDAQ:TEAM) Stock Price

06 Nov 2026, 08:42 by Renee Jackson · The Cerbat Gem

Atlassian (NASDAQ:TEAM – Get Free Report) had its price objective reduced by analysts at BTIG Research from $260.00 to $240.00 in a report issued on Friday, Benzinga reports. The firm presently has a “buy” rating on the technology company’s stock. BTIG Research‘s target price would indicate a potential upside of 30.94% from the stock’s previous close.

TEAM has been the topic of several other reports. Robert W. Baird lifted their target price on Atlassian from $200.00 to $245.00 and gave the stock an “outperform” rating in a report on Monday, September 28th. Cantor Fitzgerald increased their price target on Atlassian from $220.00 to $252.00 and gave the stock an “overweight” rating in a report on Monday. Guggenheim set a $280.00 price target on Atlassian in a research report on Friday. BMO Capital Markets reiterated an “outperform” rating and set a $225.00 price objective on shares of Atlassian in a report on Friday, October 30th. Finally, Mizuho lifted their price objective on Atlassian from $215.00 to $235.00 and gave the company an “outperform” rating in a report on Thursday, October 15th. Twenty-four equities research analysts have rated the stock with a Buy rating, three have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $217.56.

View Our Latest Research Report on TEAM

Atlassian Trading Down 3.5%

TEAM opened at $183.29 on Friday. The firm’s fifty day moving average is $196.69 and its two-hundred day moving average is $119.39. The firm has a market cap of $46.40 billion, a PE ratio of -964.68, a price-to-earnings-growth ratio of 20.25 and a beta of 1.16. Atlassian has a twelve month low of $56.01 and a twelve month high of $229.96. The company has a debt-to-equity ratio of 0.93, a quick ratio of 0.78 and a current ratio of 0.78.

Atlassian (NASDAQ:TEAM – Get Free Report) last announced its quarterly earnings results on Thursday, November 5th. The technology company reported $1.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.26. Atlassian had a negative net margin of 0.82% and a positive return on equity of 20.99%. The company had revenue of $1.77 billion during the quarter, compared to analyst estimates of $1.71 billion. During the same quarter in the previous year, the business earned $1.04 EPS. The firm’s revenue was up 23.7% on a year-over-year basis. Equities research analysts anticipate that Atlassian will post 0.69 EPS for the current year.

Insider Activity at Atlassian

In related news, CAO Gene Liu sold 337 shares of the company’s stock in a transaction on Monday, October 12th. The shares were sold at an average price of $210.00, for a total value of $70,770.00. Following the completion of the transaction, the chief accounting officer directly owned 55,531 shares of the company’s stock, valued at approximately $11,661,510. This represents a 0.60% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO James Chuong sold 9,054 shares of the stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $172.45, for a total value of $1,561,362.30. Following the transaction, the chief financial officer owned 279,218 shares of the company’s stock, valued at approximately $48,151,144.10. This trade represents a 3.14% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders have sold 22,475 shares of company stock valued at $3,822,643. 37.63% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. FDx Advisors Inc. acquired a new position in Atlassian during the 3rd quarter worth approximately $273,000. Maryland State Retirement & Pension System lifted its position in shares of Atlassian by 8.4% in the third quarter. Maryland State Retirement & Pension System now owns 9,710 shares of the technology company’s stock worth $1,741,000 after purchasing an additional 751 shares in the last quarter. Lisanti Capital Growth LLC bought a new stake in shares of Atlassian in the third quarter worth $1,365,000. Advisor Resource Council acquired a new position in Atlassian during the third quarter worth $262,000. Finally, Ritholtz Wealth Management boosted its holdings in Atlassian by 26.4% during the third quarter. Ritholtz Wealth Management now owns 4,302 shares of the technology company’s stock worth $771,000 after purchasing an additional 899 shares during the last quarter. 94.45% of the stock is currently owned by institutional investors.

Key Stories Impacting Atlassian

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Fiscal Q1 revenue rose 23.7% year over year to $1.77 billion, topping the $1.71 billion consensus, while EPS of $1.65 beat estimates of $1.39. Atlassian also reported remaining performance obligations up 44% and Teamwork Collection customers up sevenfold year over year. Atlassian Q1 FY2027 results
Neutral Sentiment: Coverage highlighted Atlassian’s new AI context metrics, as the company seeks to demonstrate AI product value beyond traditional seat-based measures. One assessment described the stock as potentially fairly valued, suggesting limited room for a rerating without further evidence of AI-driven growth. Atlassian stock valuation and AI context metrics
Negative Sentiment: Despite beating quarterly estimates—and reports that guidance exceeded consensus—the market reaction was sharply negative. Coverage pointed to concerns that the growth outlook did not satisfy investor expectations, highlighting the risk of a high-expectations valuation. Atlassian Q1 2027: strong beat, but growth guide concerns

About Atlassian

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Atlassian Corporation develops collaboration, project-management and workflow software for technology, business and service teams. Its products are designed to help organizations plan projects, manage software development, coordinate work and share knowledge across departments.