Atlassian Corporation (TEAM) Stock Price & How to Invest

Atlassian is an Australian software company that makes collaboration and productivity tools used by software-development teams and, increasingly, teams across whole organizations. Its best-known products are Jira (project and issue tracking widely used by engineering teams), Confluence (team wikis and documentation), and a family of related tools for IT service management (Jira Service Management), agile planning, and developer workflows. Atlassian also owns Trello (visual task boards) and integrates with developer tools across the ecosystem. The company makes money primarily through cloud subscriptions, with revenue increasingly recurring as it migrates customers from self-hosted server products to its cloud platform. Atlassian historically grew with low-touch, product-led adoption (teams sign up and expand without heavy sales effort) and a high-volume, self-service model, though it has added enterprise sales. It is incorporated in the United States with major operations in Sydney, Australia, and serves hundreds of thousands of customers globally, from small teams to large enterprises.

Atlassian faces strong competition from Microsoft (which bundles GitHub, Azure DevOps, Teams, and Planner), as well as point solutions like Monday.com, Asana, ServiceNow, and Notion. Bundling pressure from Microsoft is a persistent threat to pricing and seat growth. The cloud migration, while strategically important, has introduced execution complexity and customer-pricing friction. Atlassian invests heavily, so GAAP profitability is modest and the stock trades on growth and free cash flow, leaving it sensitive to any deceleration. Macro pressure on software budgets and on tech-sector hiring (which drives seat growth) can weigh on results. The stock has historically been volatile, with a premium valuation that punishes growth or margin disappointments.

30 analysts publish price targets on TEAM, averaging $139.70 against a $103.69 price as of July 2026, or +34.7%. The published targets run from $95.00 to $480.00, a wide spread, and the ratings split 26 buy, 6 hold, 0 sell. Over the last six months there have been 3 raises and 6 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full TEAM forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on Atlassian Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Cloud migration and recurring revenue. Atlassian has been moving customers from self-hosted server and data-center products to its cloud platform, converting one-time and maintenance revenue into recurring subscriptions. The most optimistic published target, $480.00, assumes this works close to its best case.

The case against. Atlassian faces strong competition from Microsoft (which bundles GitHub, Azure DevOps, Teams, and Planner), as well as point solutions like Monday.com, Asana, ServiceNow, and Notion. The most pessimistic target, $95.00, is roughly what TEAM is worth if this bites instead.

Read the full bull and bear case on TEAM, including what would have to change to break either one. Walnut is not an investment adviser.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see Atlassian Corporation's investor relations page or your broker.

• Revenue (TTM): ~$5 billion
• Revenue growth: high-teens to ~20% year over year
• Cloud revenue: the largest and fastest-growing component
• Gross margin: ~80%, typical of software
• Operating margin (GAAP): modest; stronger on a non-GAAP basis
• Free cash flow margin: ~30% or higher
• Price to sales: premium software multiple

Atlassian trades on growth and free cash flow rather than GAAP earnings, which are weighed down by heavy stock-based compensation and reinvestment. The qualitative profile is an efficient, product-led software franchise migrating customers to the cloud and expanding into the enterprise. The premium valuation makes the stock sensitive to any slowdown in seat growth or cloud migration.

Other names that sit close to TEAM: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get TEAM exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it, which spreads the position across many companies. Or build it into a focused thematic portfolio, so TEAM sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where TEAM fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Atlassian (TEAM) is an efficient, product-led SaaS franchise trading on revenue growth and free cash flow rather than GAAP earnings, with cloud migration and enterprise expansion as the central levers. In a portfolio it acts as a high-beta, premium-valuation software position exposed to Microsoft bundling pressure and tech-hiring cycles, not a defensive anchor.

Whether TEAM is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is TEAM a buy or a sell?, and where the stock could go from here in the TEAM stock forecast.

For income investors, whether TEAM pays a dividend and how the payout looks is covered in does TEAM pay a dividend? And to weigh TEAM against a peer, read the full side-by-side comparisons: TEAM vs MSFT and TEAM vs GTLB.