TEAM Price Prediction Next Week
Technical Analysis: TEAM's stock shows a bullish trend with current price at $265.70. RSI(14) at 59.44 indicates moderate momentum, not yet overbought. The stock is trading above both its 20-day SMA ($251.06) and 200-day SMA ($195.18), confirming an upward trend.
News Impact: Recent analyst action shows Jefferies raising price target from $300 to $325 while maintaining a Buy rating. However, significant insider selling activity is observed:
- CEO sold 512 shares on Jan 23
- CEO sold 1,366 shares on Jan 22
- Multiple insider sales with zero purchases in past 6 months
Fibonacci Levels:
- Resistance 1: $267.08
- Resistance 2: $275.60
- Resistance 3: $289.39
- Support 1: $239.51
- Support 2: $230.99
- Support 3: $217.21
- Pivot: $253.30
Price Prediction for Next Week: Based on technical indicators and recent analyst upgrades, TEAM is likely to test Fibonacci R1 at $267.08 early in the week. If momentum continues, price could reach R2 at $275.60. However, heavy insider selling suggests potential resistance at these levels.
Trading Recommendation: SELL
- Entry: $267.00-$275.00
- Target: $239.50 (S1)
- Stop Loss: $289.40 (R3)
Rationale: Despite bullish technical setup, substantial insider selling and overbought conditions near resistance levels suggest a potential pullback.
TEAM Similar Chart Price Prediction
The price of TEAM is predicted to go up -5.63%, based on the high correlation periods with AMZN. The similarity of these two price pattern on the periods is 95.04%.
TEAM
AMZN
Down: -5.63%Similarity: 95.04%
TEAM Revenue Forecast
TEAM EPS Forecast
TEAM FAQs
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TEAM VS S&P500
Atlassian's growth has been strong and is expected to remain so, with robust new customer adds, client retention, upselling, and the introduction of new solutions.
The company is disruptive to existing markets, especially to legacy software providers. Additionally, Jira Service Desk has dramatically expanded the addressable market beyond the IT function.
Because Atlassian has a limited salesforce, its sales and marketing expenses are significantly lower than peers', driving already solid non-GAAP operating margins and allowing for material expansion over the next five years.
TEAM Analyst's Forecast
Brent Thill
Jefferies
Strong Buy
Price Target
$300 → $325
Upside
+22.73%
Jefferies raised the firm's price target on Atlassian to $325 from $300 and keeps a Buy rating on the shares. Checks indicated partners finished above plan, driven by some very large enterprise renewals, cloud migration momentum, and a year-end "budget flush," the analyst tells investors. The firm's checks, combined with the larger price increases, give the firm conviction that Atlassian should exceed fiscal Q2 guidance for 25.5% cloud growth and 27.5% datacenter growth, the analyst tells investors.
Keith Weiss
Morgan Stanley
Buy
Price Target
$259 → $315
Upside
+23.89%
Keith Bachman
BMO Capital
Hold → Buy
Price Target
$255 → $292
Upside
+20.47%