Atlassian Corporation PLC (TEAM) closed at $85.42, reflecting a 19.4% gain over the past four weeks. The stock has a mean price target of $127.92 from Wall Street analysts, indicating a potential upside of 49.8%. The estimates vary significantly, with targets ranging from $95.00 (11.2% increase) to $295.00 (245.4% increase), showcasing a standard deviation of $40 among the 25 short-term price targets.
Analysts have revised earnings estimates upward recently, leading to a Zacks Consensus Estimate increase of 2055.6% for the current year. Nine estimates have been upgraded in the last 30 days, with no negative revisions. Additionally, Atlassian holds a Zacks Rank #1 (Strong Buy), ranking in the top 5% of over 4,000 stocks based on earnings estimate factors, indicating strong potential for near-term upside.
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