Atlassian Corporation [TEAM] stock prices are down -2.40% to $218.96 at the moment. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The TEAM shares have gain 16.06% over the last week, with a monthly amount glided 28.05%, 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 November 01, 2024, when KeyBanc Capital Markets upgraded its rating to a Overweight but kept the price target unchanged to $260 for it. Previously, BMO Capital Markets reaffirmed its Market Perform rating on November 01, 2024, and elevated its price target to $255. On October 01, 2024, upgrade upgraded it’s rating to Outperform but maintained its price target of $200 on the stock. Goldman upgraded its rating to a Buy and increased its price target to $230 on August 02, 2024. Robert W. Baird downgraded its rating to a Neutral and reduced its price target to $175 on August 02, 2024. CapitalOne upgraded its rating to Overweight for this stock on July 11, 2024, but kept the price target unchanged to $211. In a note dated July 02, 2024, Piper Sandler upgraded an Overweight rating on this stock and boosted its target price from $200 to $225.
The stock price of Atlassian Corporation [TEAM] has been fluctuating between $135.29 and $258.69 over the past year. Currently, Wall Street analysts expect the stock to reach $233.53 within the next 12 months. Atlassian Corporation [NASDAQ: TEAM] shares were valued at $218.96 at the most recent close of the market. An investor can expect a potential return of 6.65% based on the average TEAM price forecast.
Analyzing the TEAM fundamentals
The Atlassian Corporation [NASDAQ:TEAM] reported sales of 4.57B for trailing twelve months, representing a surge of 21.48%. Gross Profit Margin for this corporation currently stands at 0.81% with Operating Profit Margin at -0.03%, Pretax Profit Margin comes in at -0.02%, and Net Profit Margin reading is -0.09%. To continue investigating profitability, this company’s Return on Assets is posted at -0.08, Equity is -0.38 and Total Capital is -0.05. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.21.
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 215.51 points at the first support level, and at 212.07 for the second support level. However, for the 1st resistance point, the stock is sitting at 221.89, and for the 2nd resistance point, it is at 224.83.
Ratios To Look Out For
It’s worth pointing out that Atlassian Corporation [NASDAQ:TEAM]’s Current Ratio is 1.18. As well, the Quick Ratio is 1.18, while the Cash Ratio is 0.84. Considering the valuation of this stock, the price to sales ratio is 14.92, the price to book ratio is 55.49.
Transactions by insiders
Recent insider trading involved BHARADWAJ ANUTTHARA, President, that happened on Nov 01 ’24 when 4560.0 shares were sold. Director, FERNANDEZ HEATHER MIRJAHANGIR completed a deal on Nov 01 ’24 to sell 1500.0 shares. Meanwhile, Chief Accounting Officer LIU GENE sold 1024.0 shares on Nov 01 ’24.
