Morgan Stanley has revised its outlook on Atlassian (TEAM, Financial), reducing the price target to $320 from a previous estimate of $370. Despite this adjustment, the firm maintains an Overweight rating on the shares.
This change is part of a broader evaluation across software companies as Morgan Stanley considers tariff risk uncertainties and market factors already reflected in share prices. The firm aims to align its risk/reward assessments with current market conditions for companies in the sector.
Wall Street Analysts Forecast
Based on the one-year price targets offered by 28 analysts, the average target price for Atlassian Corp (TEAM, Financial) is $306.59 with a high estimate of $420.00 and a low estimate of $225.00. The average target implies an upside of 48.47% from the current price of $206.50. More detailed estimate data can be found on the Atlassian Corp (TEAM) Forecast page.
Based on the consensus recommendation from 32 brokerage firms, Atlassian Corp's (TEAM, Financial) average brokerage recommendation is currently 2.0, indicating "Outperform" status. The rating scale ranges from 1 to 5, where 1 signifies Strong Buy, and 5 denotes Sell.
Based on GuruFocus estimates, the estimated GF Value for Atlassian Corp (TEAM, Financial) in one year is $316.51, suggesting a upside of 53.27% from the current price of $206.5. GF Value is GuruFocus' estimate of the fair value that the stock should be traded at. It is calculated based on the historical multiples the stock has traded at previously, as well as past business growth and the future estimates of the business' performance. More detailed data can be found on the Atlassian Corp (TEAM) Summary page.
