Atlassian Corp (NASDAQ:TEAM) is one of the 13 Best Revenue Growth Stocks to Buy Right Now. On February 2, Canaccord Genuity analyst David Hynes maintained a Buy rating on Atlassian (NASDAQ:TEAM) with a price target of $230. Zeroing in on a disconnect between Atlassian’s current valuation and its fundamentals, the analyst said the company’s stock price is down due to sector-wide multiple compression and AI-related concerns, despite its business performance, resilient growth, and improving margins. Hynes f ...

Atlassian (NasdaqGS:TEAM) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsAlex Zukin - Managing Director of Software Equity ResearchGregg Moskowitz - Managing Director of Enterprise SoftwareItay Kidron - Managing DirectorJason Celino - Managing DirectorJoe Binz - CFOKarl Keirstead - Managing Director of Software Equity ResearchKoji Ikeda - Director of Enterprise Software Equity ResearchMartin Lam - Head of Investor RelationsMike Cannon-Brookes - CEO and Co-FounderRaimo Lenschow - Man ...

Atlassian (NasdaqGS:TEAM) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Company ParticipantsGregg Moskowitz - Managing Director of Enterprise SoftwareItay Kidron - Managing DirectorJason Celino - Managing DirectorJoe Binz - CFOKarl Keirstead - Managing Director of Software Equity ResearchKoji Ikeda - Director of Enterprise Software Equity ResearchMartin Lam - Head of Investor RelationsMike Cannon-Brookes - CEORaimo Lenschow - Managing DirectorRyan MacWilliams - VP of Business Performance and Global Tr ...

Atlassian (NasdaqGS:TEAM) Q2 2026 Earnings call February 05, 2026 05:00 PM ET Speaker10Good afternoon, and thank you for joining Atlassian's earnings conference call for the second quarter of fiscal year 2026. As a reminder, this conference call is being recorded and will be available for replay on the investor relations section of Atlassian's website following this call. I will now hand the call over to Martin Lamb, Atlassian's Head of Investor Relations.Speaker8Welcome to Atlassian's second quarter fiscal ...

Core Viewpoint - Atlassian Corporation (NASDAQ:TEAM) is identified as one of the tech stocks with significant upside potential despite recent price target reductions from Wall Street analysts [1][2]. Group 1: Price Target Adjustments - UBS analyst Karl Kierstead reduced the price target for Atlassian shares from $185 to $145, maintaining a Hold rating, which indicates a potential upside of 21.26% from current levels [1]. - Bank of America analyst Koji Ikeda also lowered the price target from $200 to $170 while reaffirming a Hold rating, suggesting a 26% upside from current levels [2]. Group 2: Market Sentiment and Risks - The downward adjustments in price targets reflect concerns over waning investor sentiment in the software sector, particularly due to fears surrounding AI disruption [2]. - The adjustments are attributed to elevated risks associated with AI-related concerns and valuation multiple compression across the software industry [2]. Group 3: Company Overview - Atlassian Corporation is a provider of collaboration software, with a product portfolio that includes Jira, Confluence, Loom, Jira Service Management, and Rovo [3]. - The company was incorporated in 2002 and is headquartered in Sydney, Australia [3].

Group 1 - Atlassian Corporation (NASDAQ:TEAM) is considered one of the Best 52-Week Low Stocks to Invest In, with recent price target adjustments from UBS and TD Cowen [1][2] - TD Cowen analysts express cautious optimism regarding the stock, citing positive momentum in Jira Services, cloud migrations, and new packaging options that could support near-term share price recovery [2] - Despite positive factors, there is concern over the company's AI products, which are not gaining traction and may impact core revenue by reducing the need for paid user seats [3] Group 2 - Atlassian develops team collaboration and productivity software, including tools like Jira, Confluence, Bitbucket, and Loom, all integrated on a unified cloud platform with AI features [4] - While Atlassian shows potential as an investment, there are other AI stocks perceived to offer greater upside potential and less downside risk [5]

Group 1 - Atlassian Corporation (NASDAQ:TEAM) is considered one of the Best 52-Week Low Stocks to Invest In, with recent price target adjustments from UBS and TD Cowen [1][2] - TD Cowen analysts express cautious optimism regarding the stock, citing positive momentum in Jira Services, cloud migrations, and new packaging options that could support near-term share price recovery [2] - Despite positive factors, there is concern over the company's AI products, which are not gaining traction and may impact core revenue by reducing the need for paid user seats [3] Group 2 - Atlassian develops team collaboration and productivity software, including tools like Jira, Confluence, Bitbucket, and Loom, all integrated on a unified cloud platform with AI features [4] - While Atlassian shows potential as an investment, there are other AI stocks perceived to offer greater upside potential and lower downside risk [5]

Core Viewpoint - Atlassian Corporation (NASDAQ:TEAM) is identified as a stock with significant growth potential, currently trading at discounted levels following a substantial pullback [1]. Group 1: Analyst Insights - Morgan Stanley analyst Keith Weiss believes the recent sell-off is due to investors overestimating the risks associated with artificial intelligence (AI), which he views as a positive factor for Atlassian [2]. - Weiss highlights that the increasing number of developers and the complexity of AI applications will enhance the demand for Atlassian's products, leading to improved customer retention and upselling opportunities [2]. - The investment bank emphasizes Atlassian's strong market momentum, diverse product offerings, and a broad user base, suggesting that the company's revenue guidance is conservative given stable IT budgets and product cycle advancements [2]. Group 2: Market Ratings - On January 20, TD Cowen maintained a Hold rating on Atlassian but reduced the price target from $205 to $175, reflecting a cautious outlook despite positive indicators regarding Jira Service Management and cloud migrations [3]. Group 3: Company Overview - Atlassian Corporation is a global software company that provides tools for software developers, project managers, and teams to collaborate, plan, and track work, with notable products including Jira, Confluence, Trello, and Bitbucket [4].

Group 1 - Atlassian Corporation (NASDAQ:TEAM) is considered a promising stock within the QQQ index according to hedge funds, with a recent price target adjustment from TD Cowen from $205 to $175 while maintaining a Hold rating [1] - The company shows positive indicators such as momentum in Jira Service Management, cloud migrations, improved packaging options, and strong sales hiring [1] - Despite these positive signs, Atlassian has struggled to gain traction with its AI solutions, raising concerns about medium-term seat growth pressure related to AI [2] Group 2 - Investors are worried about the potential impact of AI-related growth concerns on Atlassian's future development, even though its valuation appears attractive [2] - The company offers a range of team collaboration and productivity software products, including Jira Software, Confluence, Jira Service Management, and Loom [3]

Core Insights - Atlassian Corporation is a prominent provider of team collaboration and productivity software, known for products like Jira and Confluence, and competes with major players like Microsoft and Slack [1] Stock Performance - As of January 27, 2026, UBS set a price target of $145 for Atlassian, indicating a potential upside of approximately 9.68% from the current trading price of $132.21, which is a reduction from a previous target of $185, reflecting a more cautious outlook [2] - Currently, Atlassian's stock price is around $131.37, showing a decrease of about 5.10% or $7.07, with fluctuations between a daily low of $131.22 and a high of $140.68. Over the past year, the stock has experienced significant volatility, reaching a high of $326 and a low of $115.53 [3][6] - Atlassian's market capitalization is approximately $34.47 billion, with a trading volume of 1,626,246 shares on the NASDAQ exchange, indicating a substantial market presence despite recent stock price fluctuations [4] Strategic Partnerships - Atlassian is involved in partnerships, including a renewed collaboration with the Williams F1 Team and Kraken, focusing on enhancing fan experiences and leveraging strengths in the crypto and Web3 space [5][6] - The company continues to expand its market presence through strategic partnerships, emphasizing customer experience in the tech and Web3 sectors [6]