Atlassian (US:TEAM) ZACKS·2025-11-04 15:56Group 1 - Atlassian (TEAM) has shown a significant price increase of 17.2% over the past four weeks, with a mean price target of $235.32 indicating a potential upside of 33.6% from the current price of $176.08 [1] - The mean estimate consists of 25 short-term price targets with a standard deviation of $35.93, suggesting variability in analyst predictions; the lowest estimate is $178.00 (1.1% increase), while the highest is $320.00 (81.7% increase) [2] - Analysts have recently revised earnings estimates upward, indicating a positive trend that correlates with potential stock price increases, as the Zacks Consensus Estimate for the current year has risen by 191.4% [4][12] Group 2 - The Zacks Rank for TEAM is 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates, which supports the stock's potential upside [13] - While price targets are often viewed as important metrics, they should be approached with skepticism due to historical inaccuracies in predicting actual stock movements [7][10] - A low standard deviation among price targets indicates a strong consensus among analysts regarding the stock's price direction, which can serve as a starting point for further research [9]