TEAM Should I Buy
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Atlassian (TEAM) is not a strong buy at the moment for a beginner investor with a long-term focus. While the company has shown solid financial growth and maintains strong fundamentals, the stock is currently oversold with bearish technical indicators, and the market sentiment remains cautious due to AI disruption concerns. It would be prudent to monitor the stock for stabilization before making a long-term investment.
The technical indicators for TEAM are bearish. The MACD histogram is negative at -2.41, indicating downward momentum, while the RSI_6 is at an oversold level of 12.833. Moving averages are bearish with SMA_200 > SMA_20 > SMA_5. The stock is trading near its key support level of 86.569, with resistance levels at 101.998 and 117.427.
Atlassian achieved record revenue of $1.6 billion in Q2, a 23% YoY increase.
Strong user growth for its AI platform Rovo.
Analysts maintain confidence in the company's long-term growth potential despite short-term challenges.
Stock has dropped 39% in 2026, reflecting investor concerns over AI disruption.
Analysts have significantly lowered price targets due to sector turmoil and valuation compression.
High implied volatility and bearish options sentiment indicate market uncertainty.
In Q2 2026, Atlassian reported a 23.31% YoY revenue increase to $1.586 billion. Net income improved by 11.61% YoY to -$42.645 million, and EPS increased by 6.67% to -$0.16. Gross margin rose to 85.02%, up 2.86% YoY, showcasing strong operational efficiency despite negative earnings.
Analysts maintain a generally positive long-term view with Buy and Outperform ratings, but many have lowered price targets due to sector-wide valuation compression and AI-related concerns. Price targets now range from $130 to $290, down from previous highs of $210 to $320.
