Atlassian

TEAM

Market cap $27.3B

Wedbush Securities analyst Dan Ives has a message for tech CEOs racing to publicly tie artificial intelligence to headcount reductions.

Atlassian Corporation (TEAM) Presents at Jefferies Software, Internet & AI Conference Transcript

During the first quarter, we initiated a position in Alphabet Inc., the parent company of Google and one of the world's most valuable technology franchises. ASML's pricing power and increasing scale support significant gross margin expansion and strong double-digit earnings growth. We believe the combination of accelerating market share capture, new product momentum, and improving profitability positions Rubrik well for long-term growth.

The mean of analysts' price targets for Atlassian (TEAM) points to a 49.8% 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.

Software stock investors have had plenty of reasons to be bearish lately. New AI agents were expected to cut into valuable software revenue streams, and many analysts were ready to put the ‘per-seat' business model on life support.

Atlassian stock continues consolidating after a strong post-earnings rally, with a developing bull flag pattern pointing toward a possible continuation breakout above resistance.

ORLANDO, Fla., May 18, 2026 (GLOBE NEWSWIRE) -- Atlassian announced that Atlas Bench has been awarded Atlassian's Rising Star Partner of the Year Award (Americas) in recognition of their exemplary contributions and achievements throughout the calendar year 2025.

AI-powered Internet software laggards like PLTR, CRM, TEAM, NET and HUBS offer strong short-term upside as SaaS demand and AI adoption accelerate.

Atlassian (TEAM) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

Atlassian has sharply underperformed, losing two-thirds of its value in 12 months despite accelerating revenue growth and robust RPO expansion. I reiterate a 'Strong Buy' rating, arguing the selloff is sentiment-driven and not supported by Atlassian's resilient business performance or durable platform value. TEAM's platform remains critical for technical teams, offering essential context and collaboration tools that agentic AI cannot fully replace.