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New Buy Rating for Atlassian (TEAM), the Technology Giant

Tipranks - Tipranks - Sat Aug 8, 5:58AM CDT

In a report released today, from Bank of China upgraded Atlassian to a Buy, with a price target of $175.00.

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In addition to Bank of China, Atlassian also received a Buy from KeyBanc’s Jason Celino in a report issued today. However, on the same day, TD Cowen maintained a Hold rating on Atlassian (NASDAQ: TEAM).

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Based on Atlassian’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $1.79 billion and a GAAP net loss of $98.39 million. In comparison, last year the company earned a revenue of $1.36 billion and had a GAAP net loss of $70.81 million

Based on the recent corporate insider activity of 286 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of TEAM in relation to earlier this year. Most recently, in May 2026, JAMES CHUONG, the CFO of TEAM sold 8,838.00 shares for a total of $775,464.15.

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