Atlassian Corporation: High Upside Potential Amid Analyst Optimism
Written by Emily J. Thompson, Senior Investment Analyst
Updated: May 17 2026
0mins
Source: Yahoo Finance
- Analyst Rating Reaffirmed: On May 7, Piper Sandler reiterated an Overweight rating on Atlassian Corporation (NASDAQ:TEAM) with a $175 price target, reflecting optimism about the company's growth prospects, particularly after management addressed concerns that led to a 45% decline in shares during the annual user conference.
- Accelerated Subscription Growth: Piper Sandler highlighted the acceleration of annual recurring revenue growth over the past two years, indicating enhanced competitiveness for Atlassian, which may attract more investor interest in its long-term value.
- Strategic Partnership Expansion: The expanded partnership with Google Cloud opens opportunities for integrating AI models with the Rovo AI platform and Google Workspace, which is expected to drive solid cloud revenue growth and further solidify Atlassian's market position.
- Market Outlook Analysis: While analysts maintain a bullish outlook on TEAM, they also note that certain AI stocks may offer greater upside potential, suggesting that investors should be cautious and monitor market dynamics to optimize their investment portfolios.
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Analyst Views on TEAM
Wall Street analysts forecast TEAM stock price to rise
23 Analyst Rating
19 Buy
4 Hold
0 Sell
Strong Buy
Current: 82.180
Low
185.00
Averages
235.57
High
320.00
Current: 82.180
Low
185.00
Averages
235.57
High
320.00
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. The Company's apps include Jira, Confluence, Loom, Jira Service Management, Rovo, Bitbucket, Compass, Jira Product Discovery, Jira Align, Focus and Talent. 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.
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- Rising Competition: With the popularity of new tools like Cursor and Claude Code, GitHub's market share is threatened, particularly in the AI-assisted coding space, where GitHub Copilot's user growth has been surpassed by competitors, challenging Microsoft's leadership in this critical market.
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