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

In a report released on August 11, Miller Jump from Truist Financial maintained a Buy rating on Atlassian, with a price target of $160.00. The company’s shares closed yesterday at $154.08.

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According to TipRanks, Jump is a 5-star analyst with an average return of 23.3% and a 66.42% success rate. Jump covers the Technology sector, focusing on stocks such as Dynatrace, JFrog, and ServiceNow.

Currently, the analyst consensus on Atlassian is a Strong Buy with an average price target of $182.00, representing a 18.12% upside. In a report released on August 11, Mizuho Securities also maintained a Buy rating on the stock with a $175.00 price target.

Based on Atlassian’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of $1.77 billion and a net profit of $139.08 million. In comparison, last year the company earned a revenue of $1.38 billion and had a GAAP net loss of $23.9 million

Based on the recent corporate insider activity of 278 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.