Atlassian Corporation [TEAM] stock prices are up 6.34% to $178.22 at the moment. An important factor to consider is whether the stock is rising or falling in short-term value. The TEAM shares have gain 1.20% over the last week, with a monthly amount glided 6.43%, 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 11, 2024, when CapitalOne upgraded its rating to a Overweight but kept the price target unchanged to $211 for it. Previously, Piper Sandler upgraded its rating to Overweight on July 02, 2024, and elevated its price target to $225. On April 11, 2024, upgrade upgraded it’s rating to Overweight but maintained its price target of $275 on the stock. KeyBanc Capital Markets started tracking the stock assigning a Sector Weight rating. CapitalOne initiated its recommendation with a Equal Weight and recommended $238 as its price target on December 18, 2023. Scotiabank started tracking with a Sector Perform rating for this stock on December 01, 2023, and assigned it a price target of $185. In a note dated October 02, 2023, UBS initiated an Neutral rating and provided a target price of $225 on this stock.
The stock price of Atlassian Corporation [TEAM] has been fluctuating 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 $178.22 at the most recent close of the market. An investor can expect a potential return of 41.93% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
The Atlassian Corporation [NASDAQ:TEAM] reported sales of 4.17B for trailing twelve months, representing a surge 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 171.29 points at the first support level, and at 164.36 for the second support level. However, for the 1st resistance point, the stock is sitting at 183.71, and for the 2nd resistance point, it is at 189.20.
Ratios To Look Out For
It’s worth pointing out that Atlassian Corporation [NASDAQ:TEAM]’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 11.14, the price to book ratio is 40.93.
Transactions by insiders
Recent insider trading involved Cannon-Brookes Michael, Co-CEO, Co-Founder, that happened on Jul 24 ’24 when 7948.0 shares were sold. Co-CEO, Co-Founder, Farquhar Scott completed a deal on Jul 24 ’24 to sell 7948.0 shares. Meanwhile, Co-CEO, Co-Founder Cannon-Brookes Michael sold 7948.0 shares on Jul 23 ’24.
