Atlassian Corporation [TEAM] stock is trading at $181.80, down -2.95%. An important factor to consider is whether the stock is rising or falling in short-term value. The TEAM shares have gain 2.78% over the last week, with a monthly amount glided 15.15%, and seem to be holding up well over a long-time horizon.
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From an analyst’s perspective:
Atlassian Corporation [NASDAQ: TEAM] stock has seen the most recent analyst activity on July 02, 2024, when Piper Sandler upgraded its rating to a Overweight and also boosted its price target to $225 from $200. Previously, Barclays upgraded its rating to Overweight on April 11, 2024, and kept the price target unchanged to $275. On March 19, 2024, KeyBanc Capital Markets initiated with a Sector Weight rating. CapitalOne started tracking the stock assigning a Equal Weight rating and suggested a price target of $238 on December 18, 2023. Scotiabank initiated its recommendation with a Sector Perform and recommended $185 as its price target on December 01, 2023. UBS started tracking with a Neutral rating for this stock on October 02, 2023, and assigned it a price target of $225. In a note dated June 29, 2023, Berenberg initiated an Hold rating and provided a target price of $150 on this stock.
Atlassian Corporation [TEAM] stock has fluctuated between $152.34 and $258.69 over the past year. Currently, Wall Street analysts expect the stock to reach $252.94 within the next 12 months. Atlassian Corporation [NASDAQ: TEAM] shares were valued at $181.80 at the most recent close of the market. An investor can expect a potential return of 39.13% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
Atlassian Corporation [NASDAQ:TEAM] reported sales of 4.17B for the trailing twelve months, which represents a growth of 29.90%. Gross Profit Margin for this corporation currently stands at 0.82% with Operating Profit Margin at -0.02%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.04%. To continue investigating profitability, this company’s Return on Assets is posted at -0.03, Equity is -0.19 and Total Capital is -0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of0.9.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 179.28 points at the first support level, and at 176.75 for the second support level. However, for the 1st resistance point, the stock is sitting at 185.10, and for the 2nd resistance point, it is at 188.39.
Ratios To Look Out For
For context, Atlassian Corporation’s Current Ratio is 1.18. On the other hand, the Quick Ratio is 1.18, and the Cash Ratio is 0.79. Considering the valuation of this stock, the price to sales ratio is 11.36, the price to book ratio is 41.76.
Transactions by insiders
Recent insider trading involved Cannon-Brookes Michael, Co-CEO, Co-Founder, that happened on Jul 05 ’24 when 7948.0 shares were sold. Co-CEO, Co-Founder, Farquhar Scott completed a deal on Jul 05 ’24 to sell 7948.0 shares. Meanwhile, Co-CEO, Co-Founder Cannon-Brookes Michael sold 7948.0 shares on Jul 03 ’24.
