The mean of analysts' price targets for Atlassian (TEAM) points to a 41.5% 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.
TEAM crushes Q3 estimates with 80% EPS surge and strong revenue growth, fueled by cloud expansion, AI adoption and rising subscription momentum.
Atlassian (NASDAQ:TEAM | TEAM Price Prediction) drew a split verdict from Wall Street after Q3 FY2026 results.
Atlassian (NASDAQ:TEAM) shares jumped about 22% in after-hours trading following stronger-than-expected fiscal third quarter results and an upward revision to its full-year revenue outlook. For fiscal 2026, the company raised its total revenue growth forecast to approximately 24%, up from a prior outlook of 22%.
Atlassian reported third-quarter results that beat expectations, with strong cloud growth and data center revenue. The company's stock has been hit hard in the "SaaS-pocalypse" that has hit software names this year as AI threatens their business models.
Atlassian, Twilio, and Five9 shares soar premarket as AI boosts their earnings. All three companies have previously been cited as victims of the so-called SaaSpocalypse.
Atlassian Corporation (TEAM) Q3 2026 Earnings Call Transcript
Although the revenue and EPS for Atlassian (TEAM) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.
Atlassian (TEAM) came out with quarterly earnings of $1.75 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $0.97 per share a year ago.
Beyond analysts' top-and-bottom-line estimates for Atlassian (TEAM), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended March 2026.
Atlassian stock price has slumped this year and is now hovering at its lowest level since November 2018. It was trading at $69, down from the record high of $483, with, the market cap falling from over $110 billion to $18 billion today.
BTIG lowered its price target on Atlassian (NASDAQ:TEAM | TEAM Price Prediction) to $110 from $140 while maintaining a Buy rating ahead of Q3 FY2026 results due Thursday.