DailyIQ
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Sector:TechnologyAll sectors
Last updated 5 hours ago

TEAM·Atlassian Corporation

$.
+. (+.%)
After Hours
High
$87.09
Open
$81.43
Market Cap
22.05B
52W High
$206.00
Low
$80.84
P. Close
$86.73
P/E
-
52W Low
$56.01
Fwd P/E
14.19
DailyIQ Est.
$179.18
Technical Score (1D)
55
BUY
News Sentiment
46
MIXED
Atlassian’s latest commentary underscores a 53 % share decline over the past year, largely driven by heightened competition from AI‑driven collaboration tools that threaten its core product suite. Analysts, however, argue that the AI narrative is mischaracterized, citing Atlassian’s robust product suite and strategic investments in AI that could reinforce its market position. The company has recently launched AI‑native Jira tools that integrate with Claude Code, Cursor, and GitHub Copilot, and extend AI assistance into Slack and Loom, aiming to embed AI throughout the software development lifecycle. This duality creates uncertainty: if AI integration succeeds, it could offset competitive pressure; if it fails, the threat of AI platforms may accelerate market share erosion. B of A Securities has maintained a neutral rating while trimming its price target from $110 to $105, reflecting concerns over recent earnings and competitive pressures in the SaaS market. The lowered target underscores the market’s cautious view of Atlassian’s near‑term growth prospects amid rising costs and softer cloud migration assumptions. For the next 1–10 trading days, traders should monitor Atlassian’s customer adoption metrics for the new AI‑enhanced Jira workflows, as early uptake will signal whether the AI strategy can counter competitive threats. Additionally, keep an eye on any forthcoming earnings guidance or product roadmap updates that could clarify the company’s trajectory and resolve the current analyst disagreement. Finally, watch for any changes in analyst ratings or price targets that may reflect updated views on Atlassian’s ability to sustain growth in a competitive AI‑driven environment.
Earnings Summary
Atlassian Corporation, headquartered in Sydney, Australia, is a global software provider specializing in collaborative tools that enhance team productivity through integrated platforms such as Jira, Confluence, Jira Service Management, and Bitbucket. Operating within the technology sector and the software‑application industry, Atlassian focuses on delivering scalable solutions that streamline project management, knowledge sharing, and overall operational effectiveness. In Q1 2025, the company reported earnings per share of $0.97 versus an estimate of $0.93, marking a beat, while revenue reached $1.36 billion; however, comparable data for the preceding two quarters is not available, preventing a clear assessment of growth acceleration or deceleration. With only a single quarter of actual results, a comprehensive historical streak analysis cannot be performed, and it is not possible to identify consistent patterns of revenue growth or earnings misses against analyst expectations. Recent news highlights a series of price‑target reductions by major banks, citing earnings softness and intensified competition in the SaaS market, alongside the launch of AI‑native Jira tools that embed Claude Code, Cursor, and GitHub Copilot; these developments are expected to drive higher usage and customer stickiness but also introduce integration costs. Investors should watch for the Q2 2026 earnings webcast on August 5, where guidance on revenue growth, margin trends, and the impact of the AI rollout will be disclosed, as well as any updates on the Rocketlane partnership that could broaden Atlassian’s ecosystem and create new revenue streams.

EPS

EstBeatMiss
$0.84$1.03$1.21$1.40$1.59Q1'25Q1'26
QtrEstActual+/−
Q1'26$1.50 - -
Q1'25$0.93$0.97+4.9%

Revenue

EstBeatMiss
$1.3B$1.4B$1.5B$1.6B$1.7BQ1'25Q1'26
QtrEstActual+/−
Q1'26$1.7B - -
Q1'25 - $1.4B -
Full Earnings BreakdownEstimates, actuals, guidance, and historical context
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Market Data

TEAM Stock Snapshot

TEAM is currently trading at $86.06, giving Atlassian Corporation a market cap of 22.05B. Today's range spans $80.84–$87.09, with shares opening at $81.43 and moving down $0.67 (0.8%) from the prior close. DailyIQ's technical score sits at 55/100 (HOLD) with a news sentiment reading of 46/100.

Over the past year TEAM has traded between $56.01 and $206.00 - the current price is +53.7% off the 52-week low and -58.2% from the high. 41 analysts cover the stock with a Buy consensus and a mean 12-month target of $139.70 (range $95.00–$480.00), implying upside of +62.3%.

It's a pause for TEAM: technical score 55/100 (HOLD), sentiment neutral (46/100), price $86.06 (in the lower half of its 52-week range). At 22.05B in Technology market cap, pauses like this often occur when the stock has run ahead of near-term fundamental catalysts and is waiting for earnings or macro data to validate the prior move. Annual range: $56.01–$206.00. The consolidation is the story for now.

The 52-week range of $56.01–$206.00 for TEAM provides the structural reference that options traders, systematic funds, and discretionary managers all anchor to — and at $86.06 (in the lower half of its 52-week range), the stock sits in a zone where the next 5–10% move will likely define which crowd was right. A HOLD signal at 55/100 and neutral news backdrop (46/100) don't break the tie yet, but they narrow the probability distribution toward the upside.