BMO Capital Reiterates Buy Rating for Atlassian Corporation
BMO Capital maintained its buy rating for Atlassian, setting a $95 target price, a 19.86% upside from the current price.
Key Points
- BMO Capital reiterated its buy rating for Atlassian Corporation (NASDAQ:TEAM) with a target price of $95 on June 25, 2026.
- BMO Capital's $95 price target implies 19.86% upside from Atlassian Corporation's ($TEAM) current $79.26 share price.
- Atlassian's stock traded at $81.55 on Thursday, with a market cap of approximately $20.29 billion and a forward P/E ratio of 12.85.
- Major institutional investors like BlackRock and Baillie Gifford have increased their positions in Atlassian recently.
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On June 25, 2026, BMO Capital reiterated its buy rating for Atlassian Corporation (NASDAQ:TEAM), maintaining a target price of $95. The announcement was made by analyst Keith Bachman as part of the firm's ongoing coverage of the technology company.
BMO Capital vs. the S&P 500
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Other Institutional Activity in Atlassian Corporation
Several institutional investors have made moves regarding their holdings in Atlassian Corporation. BlackRock, Inc. grew its holdings by 342,957 shares, ending with 11,544,115 shares valued at about $787.89 million, marking a 3.1% increase. Baillie Gifford & Co added 1,531,637 shares, bringing its total to 9,963,439 shares worth approximately $680 million, which is an 18.2% increase. Vanguard Portfolio Management LLC opened a new position with 9,894,363 shares valued at $675.29 million. DNB Asset Management AS increased its stake by 4,087,510 shares, resulting in a total of 8,077,726 shares valued at $551.30 million, a 102.4% increase. Pictet Asset Management Holding SA also grew its position by 1,080,561 shares, ending with 5,031,413 shares valued at $343.34 million, a 27.4% increase.
Atlassian Corporation Stock Down 58.4%
Shares of Atlassian Corporation (NASDAQ:TEAM) traded near $81.55 on Thursday. The company has a market cap of approximately $20.29 billion, with a forward P/E ratio of 12.85 and a beta of 1.068. Over the past year, the stock has seen a low of $56.01 and a high of $222.59. Its 50-day moving average is $83.66, while the 200-day moving average stands at $119.87. The company maintains a current ratio of 0.702 and a quick ratio of 0.615, with a debt-to-equity ratio of 141.408.
$TEAM price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Atlassian Corporation reported revenue of $6.19 billion, achieving a revenue growth rate of 31.7%. However, the company posted a net margin of -3.5% and a return on equity of -19.29%. The next earnings report is scheduled for August 6, 2026.
Insider Buying and Selling at Atlassian Corporation
Brian Duffy, the Chief Revenue Officer at Atlassian, sold shares on several occasions in June 2026 as part of planned transactions. On June 12, he sold 3,000 shares at an average price of $89.71. Earlier in June, he sold shares ranging from 1,432 to 1,813 at prices between $88.79 and $95.35. James Chuong, the Chief Financial Officer, sold 8,838 shares on May 19 at an average price of $87.75.
Analysts Set New Price Targets
BMO Capital maintained its buy rating and set a $95 price target on June 25, 2026. Other firms like Oppenheimer, Barclays, and BTIG also maintained buy ratings with targets of $110, $112, and $130, respectively. The consensus among 30 analysts is a buy rating, with a mean target price of $141.37.
About Atlassian Corporation
Atlassian Corporation, headquartered in Sydney, Australia, is a technology company that offers collaboration software to enhance productivity across various teams worldwide. Its flagship products include Jira for project management, Confluence for team collaboration, and Trello for personal productivity. The company, led by CEO Michael Cannon-Brookes, employs over 13,800 people and is known for its innovative solutions in the software application industry.
Bottom Line
BMO Capital's reiteration of a buy rating on Atlassian Corporation highlights continued confidence in the company's potential. Investors keep a close watch on such ratings to gauge market sentiment. Remember, analyst ratings like these are based on past performance and may not reflect future outcomes.
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