TEAM Price Prediction Next Week
Analysis and Insights
To predict the stock price of Atlassian Corporation (TEAM) for the next trading week, we will analyze both technical indicators and recent news sentiment.
Technical Analysis:
Atlassian's stock price has been under pressure recently, with the Relative Strength Index (RSI) dropping to 22.35, indicating oversold conditions. The MACD is also negative, suggesting bearish momentum. However, the stock is approaching a critical support level at $210.96, which could act as a floor for the price.
News Sentiment:
Recent news indicates mixed sentiment for enterprise software stocks. While Atlassian has shown resilience with a 4.6% gain after positive remarks from Stephens, the broader sector has been volatile. The Federal Reserve's decision to keep interest rates unchanged has provided some stability, but investor caution remains high.
Price Prediction:
Based on the oversold conditions and potential support at $210.96, we expect a modest rebound next week. The stock is likely to trade between $225 and $230, with a target price of $230.
Recommendation:
Given the mixed technical indicators and news sentiment, it is recommended to sell Atlassian stock at the next resistance level of $230, as the upside appears limited and downside risks remain elevated.
TEAM Similar Chart Price Prediction
The price of TEAM is predicted to go up -7.41%, based on the high correlation periods with ALKS. The similarity of these two price pattern on the periods is 98.7%.
TEAM
ALKS
Down: -7.41%Similarity: 98.7%
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
2025-03-31
Price Target
$400 → $330
Upside
+55.51%
Jefferies analyst Brent Thill lowered the firm's price target on Atlassian to $330 from $400 and keeps a Buy rating on the shares. The firm is lowering price targets across its U.S. software coverage to account for recent multiple compression amid early signs of softening macro factors impacting deal decisions across tech. The firm now believes "we may have another 'mullet' year in software" with first half chop followed by second half flow, the analyst tells investors. While not lowering estimates "yet" as the firm awaits Q1 checks and noting that recent guidance levels were set for no material improvement, the firm says ongoing uncertainty means "investors are waiting on the sidelines to assess the impact."
Joel Fishbein
Truist Securities
Strong Buy
2025-03-31
Price Target
$350 → $300
Upside
+41.37%
Brett Huff
Stephens & Co.
Hold
2025-03-19
Price Target
$255
Upside
+10.94%
