BMO Capital Markets Cuts Atlassian (NASDAQ:TEAM) Price Target to $135.00

07 Feb 2026, 02:02 by Jessica Moore · The Cerbat Gem

Atlassian (NASDAQ:TEAM – Free Report) had its price objective reduced by BMO Capital Markets from $195.00 to $135.00 in a report published on Wednesday morning, Marketbeat Ratings reports. They currently have an outperform rating on the technology company’s stock.

Several other brokerages also recently commented on TEAM. Robert W. Baird lowered their price objective on shares of Atlassian from $230.00 to $170.00 and set an “outperform” rating for the company in a research note on Monday, January 26th. Mizuho reduced their price target on Atlassian from $245.00 to $225.00 and set an “outperform” rating on the stock in a report on Wednesday, January 21st. Jefferies Financial Group set a $262.00 price target on Atlassian in a research report on Thursday, January 15th. Macquarie Infrastructure dropped their price objective on Atlassian from $250.00 to $240.00 and set an “outperform” rating for the company in a report on Monday, November 3rd. Finally, Truist Financial set a $210.00 target price on Atlassian in a research note on Friday, October 31st. Twenty research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $191.32.

View Our Latest Stock Analysis on TEAM

Atlassian Stock Performance

NASDAQ:TEAM opened at $94.72 on Wednesday. The company has a debt-to-equity ratio of 0.72, a quick ratio of 1.26 and a current ratio of 1.26. Atlassian has a fifty-two week low of $92.32 and a fifty-two week high of $326.00. The firm has a market cap of $24.92 billion, a PE ratio of -131.55, a price-to-earnings-growth ratio of 15.24 and a beta of 0.88. The business has a 50 day moving average price of $144.50 and a 200-day moving average price of $158.46.

Atlassian (NASDAQ:TEAM – Get Free Report) last issued its earnings results on Thursday, February 5th. The technology company reported $1.22 EPS for the quarter, topping the consensus estimate of $1.12 by $0.10. The company had revenue of $1.59 billion for the quarter, compared to the consensus estimate of $1.54 billion. Atlassian had a negative net margin of 3.29% and a negative return on equity of 6.60%. The firm’s revenue for the quarter was up 23.3% on a year-over-year basis. During the same period in the previous year, the firm earned $0.96 earnings per share. Equities research analysts predict that Atlassian will post -0.34 earnings per share for the current year.

Insiders Place Their Bets

In other news, CEO Michael Cannon-Brookes sold 7,665 shares of the company’s stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $153.77, for a total value of $1,178,647.05. Following the sale, the chief executive officer directly owned 237,615 shares of the company’s stock, valued at $36,538,058.55. This represents a 3.13% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Scott Farquhar sold 7,665 shares of Atlassian stock in a transaction dated Thursday, November 13th. The shares were sold at an average price of $153.77, for a total transaction of $1,178,647.05. Following the transaction, the director directly owned 237,615 shares of the company’s stock, valued at approximately $36,538,058.55. This trade represents a 3.13% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last 90 days, insiders sold 566,379 shares of company stock worth $82,730,694. 36.66% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Atlassian

Hedge funds and other institutional investors have recently bought and sold shares of the business. SBI Securities Co. Ltd. grew its position in Atlassian by 50.7% in the 3rd quarter. SBI Securities Co. Ltd. now owns 40,546 shares of the technology company’s stock worth $6,475,000 after purchasing an additional 13,643 shares during the period. Mediolanum International Funds Ltd lifted its holdings in shares of Atlassian by 108.4% during the 3rd quarter. Mediolanum International Funds Ltd now owns 41,963 shares of the technology company’s stock valued at $6,937,000 after buying an additional 21,829 shares during the period. Nordea Investment Management AB boosted its stake in shares of Atlassian by 20.3% in the 3rd quarter. Nordea Investment Management AB now owns 721,690 shares of the technology company’s stock worth $114,695,000 after buying an additional 121,541 shares during the last quarter. Allianz Asset Management GmbH boosted its stake in shares of Atlassian by 28.6% in the 2nd quarter. Allianz Asset Management GmbH now owns 102,194 shares of the technology company’s stock worth $20,755,000 after buying an additional 22,701 shares during the last quarter. Finally, Mitsubishi UFJ Trust & Banking Corp grew its holdings in shares of Atlassian by 3.7% in the second quarter. Mitsubishi UFJ Trust & Banking Corp now owns 258,299 shares of the technology company’s stock worth $52,458,000 after acquiring an additional 9,274 shares during the period. Hedge funds and other institutional investors own 94.45% of the company’s stock.

Trending Headlines about Atlassian

Here are the key news stories impacting Atlassian this week:

Positive Sentiment: Q2 beat — Atlassian reported $1.22 EPS vs. $1.12 expected and revenue of $1.59B (vs. $1.54B est.), with revenue up ~23% y/y, a near-term fundamental positive for growth momentum. Atlassian Q2 Earnings Surpass Expectations
Positive Sentiment: Management raised its fiscal 2026 revenue forecast, citing resilient enterprise spending and accelerating AI adoption — supports the company’s multi-quarter revenue outlook. Atlassian Raises Annual Revenue Forecast (Reuters)
Positive Sentiment: Company targets 20%+ annual revenue growth through FY27 and cites record cloud revenue and AI integrations — a constructive strategic signal if execution continues. Seeking Alpha: Growth Target
Positive Sentiment: Unusual options activity — a spike to ~14,021 calls purchased (≈51% above normal), which can indicate tactical bullish positioning by traders.
Neutral Sentiment: Analysts trimmed price targets but kept favorable ratings (Morgan Stanley, Mizuho, BTIG among others) — reduces near-term implied upside but preserves buy/overweight bias. Benzinga: Analyst Target Changes
Negative Sentiment: Insider selling — directors/co‑founders disclosed multiple recent sales (7,665 shares each), a visible negative for investor sentiment and a factor pressuring the stock. SEC Filing: Insider Sales
Negative Sentiment: Cantor Fitzgerald and some other brokers cut price targets sharply (e.g., Cantor to $146), and sector-wide AI fears are amplifying downside pressure. Cantor Fitzgerald Target Cut
Negative Sentiment: Market reaction: coverage notes shares dipped despite the beat as investors worry cloud growth may slow and AI competition/feature rollouts elsewhere increase volatility. Investing.com: Shares Dip

About Atlassian

(Get Free Report)

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.