TEAM Price Prediction Next Week
Based on the provided data and recent market activity, here's the analysis for TEAM's price movement for the next trading week:
Technical Analysis
- Recent price action shows TEAM rebounded off its 50-day moving average and attempted to reclaim its buy point of $287.97
- Currently trading at $290.43 as of the latest data
- The stock has shown resilience by bouncing off key support levels
News Sentiment & Events
- Recent Slack outage (Atlassian's competitor) reported on February 26th could potentially benefit TEAM as enterprises may consider diversifying their collaboration tools
- Insider activity: Company President sold 1,520 shares at approximately $312.58 per share on February 14th, indicating possible resistance around $310-315 level
Price Targets & Trading Levels
- Key support: $287.97 (recent buy point)
- Resistance: $310-315 (based on recent insider selling activity)
- Next week's predicted trading range: $285-305
Trading Recommendation Based on technical indicators and current market conditions:
- Short-term target: $305 (potential 5% upside)
- Stop loss: $285 (below key support)
- Trading Strategy: SELL
- Rationale:
- Recent insider selling suggests limited upside potential
- Stock is trading near resistance levels
- Technical indicators suggest overbought conditions
- Rationale:
The stock rates 77% based on Mohanram's growth model analysis, suggesting moderate upside potential but increased risk at current levels. The recommendation to sell is based on technical resistance levels and insider selling patterns, suggesting better entry points may emerge in coming weeks.
TEAM Similar Chart Price Prediction
The price of TEAM is predicted to go up -1.29%, based on the high correlation periods with HSY. The similarity of these two price pattern on the periods is 97.87%.
TEAM
HSY
Down: -1.29%Similarity: 97.87%
TEAM Revenue Forecast
TEAM EPS Forecast
TEAM FAQs
What is TEAM revenue forecast for next quarter？
What is TEAM eps forecast for next quarter？
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
Ittai Kidron
Oppenheimer
Buy
2025-01-31
Price Target
$300 → $380
Upside
+23.87%
Oppenheimer raised the firm's price target on Atlassian to $380 from $300 and keeps an Outperform rating on the shares. The firm notes Atlassian reported excellent Q2 results on strong enterprise and large deal traction, and steady progress with DC-to-Cloud migrations. Management also raised FY25 revenue guidance despite holding to a conservative risk-adjusted near-term view, which Oppenheimer believes sets up beatable second half of the year targets.
Adam Tindle
Raymond James
Buy
2025-01-31
Price Target
$250 → $330
Upside
+7.57%
Jason Celino
Keybanc
Buy
2025-01-31
Price Target
$315 → $365
Upside
+18.98%
