Atlassian Has Been Crushed—But the Setup Into Earnings Is Shifting
Shares of tech stock Atlassian Corp NASDAQ: TEAM are trading right around $130, after starting the year above $160. Considering the S&P 500 index is up more than 1% over that same timeframe, it's been a pretty brutal start to the year for investors.
Atlassian: AI Fears Are Overblown
Atlassian shares have dropped over 25% amid AI-driven fears, but fundamentals remain robust. AI agents may automate tasks but cannot replace Atlassian's core functions, such as data ownership and complex workflows, reinforcing TEAM's competitive moat. Significant switching costs and embedded cloud data reduce customer attrition risk, supporting long-term value and resilience against AI disruption.
Atlassian Q2 Preview: Is The SaaS Apocalypse Over?
The announcement of Anthropic's Claude Cowork triggered a massive contraction in SaaS multiples since January 12, with concerns over Agentic AI disrupting seat-based pricing models. Despite high-teens projected earnings growth and product innovation with Rovo, Atlassian Corporation's forward P/E ratio has collapsed by over 70% in a year. Q2 FY26 guidance anticipates 20%+ revenue and earnings growth, but investors demand evidence of meaningful AI monetization and pricing model traction.
Atlassian: Strong Fundamentals, Temporary Market Skepticism
Atlassian Corporation continues robust growth in Q1 2026, with accelerating growth in remaining performance obligations to $3.3B. TEAM's AI-driven product suite, including Teamwork Graph and recent acquisitions, positions it for next-generation enterprise productivity leadership. Despite a premium 7.8x P/S valuation, TEAM offers superior growth compared to peers and significant free cash flow margins.
Wall Street Analysts See a 44.75% Upside in Atlassian (TEAM): Can the Stock Really Move This High?
The mean of analysts' price targets for Atlassian (TEAM) points to a 44.8% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
The Zacks Analyst Blog Amazon, Atlassian and Cloudflare
Cloud computing demand is surging, and Amazon, Atlassian and Cloudflare stand out with strong growth drivers, rising estimates and solid rankings before 2026.
Atlassian's Cloud Bet: Short-Term Loss, Big Upside
Atlassian is rated a Buy at $162, with the stock down 26% despite strong cloud and AI-driven growth. TEAM posted 21% revenue growth, 26% cloud revenue growth, and beat EPS estimates by $0.20, yet market skepticism persists over losses and R&D intensity. Gross margins are robust at 83.5%, with over 300,000 customers and a highly recurring subscription base driving future profitability potential.
Wall Street Analysts Think Atlassian (TEAM) Could Surge 50.43%: Read This Before Placing a Bet
The mean of analysts' price targets for Atlassian (TEAM) points to a 50.4% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.
Figma vs. Atlassian: Which Collaboration Stock Is the Smarter Pick?
FIG's AI-driven design tools and growing customer adoption shine, but TEAM's stronger enterprise traction and rising AI usage make it the more compelling pick.
Atlassian: The Teamwork Engine That's Growing Fast And Profitable
Atlassian's strong product ecosystem and recurring revenue model support long-term growth and customer retention. The company's ongoing investments in cloud migration and innovation drive competitive advantage and expansion opportunities. Valuation remains elevated, but TEAM's robust fundamentals and market leadership justify a positive long-term outlook.
Atlassian: Strong Cloud Growth And AI Usage Underpin Cheap Multiples
Atlassian shares have fallen ~30% YTD, but current AI fears are overblown, and fundamentals remain strong. TEAM raised guidance, posted 21% revenue growth, and continues to see robust cloud adoption and AI-driven expansion. Valuation is attractive: TEAM trades at a discount to peers despite strong margins, free cash flow, and a large addressable market.
Wall Street Analysts Believe Atlassian (TEAM) Could Rally 33.64%: Here's is How to Trade
The average of price targets set by Wall Street analysts indicates a potential upside of 33.6% in Atlassian (TEAM). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
