Atlassian Corp's stock price fell by 13.10% after crossing below its 5-day SMA, reflecting investor concerns amid a broader market context where the Nasdaq-100 is down 0.17% and the S&P 500 is up 0.05%.
Pomerantz LLP is investigating Atlassian for potential securities fraud, which could undermine investor confidence. Additionally, Citi has downgraded its price target for Atlassian from $240 to $210, indicating a pessimistic outlook on the company's revenue growth. This combination of legal scrutiny and negative analyst sentiment has contributed to the stock's significant decline.
The ongoing investigation and price target downgrade may lead to increased volatility for Atlassian's shares, as investors weigh the implications of potential legal liabilities and the company's future performance.
Wall Street analysts forecast TEAM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TEAM is 235.57 USD with a low forecast of 185.00 USD and a high forecast of 320.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
23 Analyst Rating
Wall Street analysts forecast TEAM stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for TEAM is 235.57 USD with a low forecast of 185.00 USD and a high forecast of 320.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Buy
4 Hold
0 Sell
Strong Buy
Current: 120.380
Low
185.00
Averages
235.57
High
320.00
Current: 120.380
Low
185.00
Averages
235.57
High
320.00
UBS
Neutral
downgrade
$185 -> $145
2026-01-27
New
Reason
UBS
Price Target
$185 -> $145
AI Analysis
2026-01-27
New
downgrade
Neutral
Reason
UBS lowered the firm's price target on Atlassian to $145 from $185 and keeps a Neutral rating on the shares.
Baird
Outperform
to
NULL
downgrade
$230 -> $170
2026-01-26
New
Reason
Baird
Price Target
$230 -> $170
2026-01-26
New
downgrade
Outperform
to
NULL
Reason
Baird lowered the firm's price target on Atlassian to $170 from $230 and keeps an Outperform rating on the shares. The firm updated its model as negative sentiment and high fears remain.
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BofA
Koji Ikeda
Neutral
downgrade
$200 -> $170
2026-01-26
New
Reason
BofA
Koji Ikeda
Price Target
$200 -> $170
2026-01-26
New
downgrade
Neutral
Reason
BofA analyst Koji Ikeda lowered the firm's price target on Atlassian to $170 from $200 and keeps a Neutral rating on the shares. Atlassian has "not been immune to waning investor sentiment in the software category from AI disruption fears," says the analyst in a fiscal Q2 preview. The firm is lowering its price target ahead of earnings to account for higher risks from AI and group multiple compression, the analyst tells investors.
Oppenheimer
Ittai Kidron
Outperform
maintain
$275
2026-01-22
Reason
Oppenheimer
Ittai Kidron
Price Target
$275
2026-01-22
maintain
Outperform
Reason
Oppenheimer analyst Ittai Kidron expects Atlassian to report solid Q2 results, slightly ahead of consensus, with in-line Q3 guidance. However, the firm believes FY27 data center revenue growth expectations are overstated and don't account for faster data center-to-Cloud migration, a lower data center user base, and upfront revenue recognition at data center renewals. Oppenheimer models FY27 DC revenue growth at down 0.7% vs. consensus' up 7.9%. Although there's migration uncertainty, the firm's checks suggest a stable demand and competitive environment, and increased sales focus on enterprise engagement. While the shares have been caught in the SaaS/AI vortex, Oppenheimer would still wait for the migration framework/DC outlook to reset before buying the shares. The firm has an Outperform rating on the shares with a price target of $275.
About TEAM
Atlassian Corporation is a provider of team collaboration and productivity software. The Company specializes in software development, work management, and enterprise service management software, which enables enterprises to connect their business and technology teams with an artificial intelligence (AI)-powered system of work. Its interconnected portfolio of apps, AI agents, and Collections, each with discrete value propositions, delivers solutions for software teams, IT operations and support teams, leadership, and business teams. Its apps, agents, and Collections are all built on the Atlassian Cloud Platform and data model: a common technology foundation that connects teams, information, and workflows throughout an organization. Its apps include Jira, Confluence, Loom, Jira Service Management, Rovo, Bitbucket, Compass, Jira Product Discovery, Jira Align, Focus and Talent. It offers team collaboration products on its Data Center deployment option. It operates the Dia and Arc browsers.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
