Several analysts have recently updated their ratings and price targets for Atlassian Corporation PLC (NASDAQ: TEAM):

  • 10/25/2017 – Atlassian Corporation PLC was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $56.00 price target on the stock. According to Zacks, “Atlassian Corporation Plc is engaged in designing, developing, licensing and maintaining of software and the provisioning of software hosting services. The Company’s products include JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team messaging and communications; Bitbucket for team code sharing and management and JIRA Service Desk for team services and support applications. It offers tools for software developers consists of FishEye, Bamboo and SourceTree. Atlassian Corporation Plc is headquartered in Sydney, Australia. “
  • 10/20/2017 – Atlassian Corporation PLC had its “outperform” rating reaffirmed by analysts at Cowen and Company. They now have a $55.00 price target on the stock, up previously from $47.00.
  • 10/20/2017 – Atlassian Corporation PLC had its price target raised by analysts at JMP Securities from $41.00 to $47.00. They now have an “outperform” rating on the stock.
  • 10/20/2017 – Atlassian Corporation PLC had its price target raised by analysts at Jefferies Group LLC to $53.00. They now have a “buy” rating on the stock.
  • 10/20/2017 – Atlassian Corporation PLC had its price target raised by analysts at Robert W. Baird from $43.00 to $50.00. They now have an “outperform” rating on the stock.
  • 10/20/2017 – Atlassian Corporation PLC was given a new $49.00 price target on by analysts at Morgan Stanley. They now have a “buy” rating on the stock.
  • 10/20/2017 – Atlassian Corporation PLC had its price target raised by analysts at Oppenheimer Holdings, Inc. to $50.00. They now have an “outperform” rating on the stock.
  • 10/20/2017 – Atlassian Corporation PLC had its price target raised by analysts at BMO Capital Markets to $51.00. They now have a “market perform” rating on the stock.
  • 10/20/2017 – Atlassian Corporation PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $52.00 price target on the stock, up previously from $44.00.
  • 10/19/2017 – Atlassian Corporation PLC had its “buy” rating reaffirmed by analysts at Summit Redstone.
  • 10/6/2017 – Atlassian Corporation PLC was given a new $43.00 price target on by analysts at Robert W. Baird. They now have a “buy” rating on the stock.
  • 9/18/2017 – Atlassian Corporation PLC had its “sector weight” rating reaffirmed by analysts at KeyCorp.
  • 9/15/2017 – Atlassian Corporation PLC had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $44.00 price target on the stock.
  • 9/14/2017 – Atlassian Corporation PLC had its “buy” rating reaffirmed by analysts at Robert W. Baird. They now have a $43.00 price target on the stock.
  • 9/8/2017 – Atlassian Corporation PLC had its “buy” rating reaffirmed by analysts at Oppenheimer Holdings, Inc..

Atlassian Corporation PLC (NASDAQ:TEAM) last released its earnings results on Thursday, October 19th. The technology company reported $0.12 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.17. The business had revenue of $193.80 million for the quarter, compared to analyst estimates of $185.78 million. Atlassian Corporation PLC had a negative return on equity of 2.11% and a negative net margin of 7.96%. The company’s revenue for the quarter was up 41.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.10 earnings per share.

Atlassian Corporation Plc is a holding company. The Company offers a range of team collaboration products. The Company offers products, including JIRA, Confluence, HipChat, Bitbucket and JIRA Service Desk, for software developers, information technology (IT) managers and knowledge workers. The Company offers JIRA for team planning and project management; Confluence for team content creation and sharing; HipChat for team real-time messaging and communications; Bitbucket for team code sharing and management, and JIRA Service Desk for team service and support applications.

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