EAM Atlassian Stock Forecast 2023: Latest News
- According to a recent SEC filing, an insider of Atlassian Corporation, Scott Farquhar, sold 8,241 shares of the company’s stock for a total of $1,748,177. The shares were sold on September 8, 2023. Farquhar is the co-founder and co-CEO of Atlassian.
- Atlassian Co. CEO Michael Cannon-Brookes sold 8,241 shares of the company’s stock for a total of $1,699,871.07. The stock was sold at an average price of $206.27. This was not the first time that Cannon-Brookes has sold Atlassian stock in recent months. On August 11, 2023, he sold 8,241 shares for a total of $1,630,976.31. And on August 9, 2023, he sold another 8,241 shares for a total of $1,595,457.60.
- A U.S. Space Force squadron has successfully streamlined innovation within the Department of Defense (DoD) while meeting their requirements by adopting Jira Software, Jira Service Management, and Confluence in collaboration with Contegix and Silicon Mountain Technologies in just under six months
Team Atlassian Stock Forecast 2023: Latest Price
Article Coverage: TEAM Stock Performance, Latest TEAM News, Aggregated Forecasts, TEAM Latest Production Update, Reasons to Buy or Sell TEAM Stock, TEAM Investor Day Analysis, FAQs and Other detailed analysis.
Atlassian Corporation (TEAM) is a software company that develops products for software development teams. Its products include Jira, Confluence, Trello, and Bitbucket. Atlassian Corporation (TEAM) went public on December 15, 2015, and its stock began trading on the Nasdaq Global Select Market under the ticker symbol “TEAM.”
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TEAM Stock Forecasts
Atlassian TEAM Stock Forecast 2023: Analysts
| TEAM Target Price | $208 |
| Truist Securities | $200 |
| Barclays | $195 |
| Morgan Stanley | $185 |
| BMO Capital | $220 |
| Oppenheimer | $235 |
TEAM Quarterly Financial Results
Fourth Quarter, 2023
Atlassian Corporation (TEAM) reported strong financial results for the fourth quarter and fiscal year 2023. Revenue for the quarter was $939.1 million, up 24% year-over-year. Earnings per diluted share (EPS) was $0.23, up from $(0.36) in the same quarter of the prior year.
Fourth Quarter Fiscal Year 2023 Financial Highlights:
- Revenue: Total revenue was $939.1 million for the fourth quarter of fiscal year 2023, up 24% from $759.8 million for the fourth quarter of fiscal year 2022.
- Operating Loss and Operating Margin: Operating loss was $50.4 million for the fourth quarter of fiscal year 2023, compared with operating loss of $42.3 million for the fourth quarter of fiscal year 2022. Operating margin was (5)% for the fourth quarter of fiscal year 2023, compared with (6)% for the fourth quarter of fiscal year 2022.
- Net Loss and Net Loss Per Diluted Share: Net loss was $59.0 million for the fourth quarter of fiscal year 2023, compared with net loss of $90.6 million for the fourth quarter of fiscal year 2022. Net loss per diluted share was $0.23 for the fourth quarter of fiscal year 2023, compared with net loss per diluted share of $0.36 for the fourth quarter of fiscal year 2022.
- Balance Sheet: Cash and cash equivalents plus marketable securities at the end of the fourth quarter of fiscal year 2023 totaled $2.1 billion.
TEAM’s Last 4 Quarters Summary
| (USD) | Jun 2023 | Mar 2023 | Dec 2022 | Sep 2022 |
| Revenue | 939M | 916M | 872.7M | 807M |
| Net income | -50.9M | -210M | -200.5M | -13.7M |
| Diluted EPS | -0.23 | -0.81 | -0.8 | -0.05 |
| Net profit margin | -6.28% | -22.83% | -23.5% | -1.7% |
| Operating income | 46.5M | -64M | -99M | -34M |
| Net change in cash | 130M | 335.6M | 160.8M | 83.3M |
| Cost of revenue | 160M | 159.4M | 156M | 139.4M |
Atlassian TEAM Stock Forecast 2023, 2024 and 2025
- Atlassian Corporation Price Prediction 2023 is $205
- Atlassian Corporation Price Prediction 2024 is $359
- Atlassian Corporation Price Prediction 2025 is $599
Considering these technical indicators, the overall outlook for the asset is optimistic.
TEAM Stock Performance in the Last 12 Months
- Last 6 Months: +30.6%
- Last 12 Months: -18.3%
- Year to Date (2023): +65.1%
Will TEAM reach $250 in 2023?
It is difficult to say for sure whether TEAM will reach $250 in 2023. The stock market is volatile and can be unpredictable. However, there are a few factors that suggest that TEAM could reach this price.
First, Atlassian is a well-established company with a strong track record of growth. The company has been growing its revenue and earnings at a double-digit rate for the past several years.
Second, Atlassian is a leader in the teamwork collaboration market. The company’s products are used by millions of teams around the world.
Third, Atlassian is investing in growth. The company is investing in new products and features, as well as in marketing and sales.
Of course, there are also some risks to consider. The global economy is facing some challenges, and this could affect Atlassian’s business. Additionally, the stock market is volatile and could decline in the short term.
Overall, it shows that TEAM has the potential to reach $250 in 2023. However, there are some risks to consider.
TEAM Stock Forecast 2023: How High Will TEAM Go in 2023?
It is impossible to say for sure how high TEAM will go in 2023. The stock price is influenced by a number of factors, including the company’s financial performance, the overall market conditions, and any new developments in the e-commerce industry.
According to the analysts’ average price target, TEAM stock is expected to reach $250 in the next 12 months, which represents an increase of over 20% from its current price of $206. However, it is important to note that price targets are just estimates, and the actual price of a stock can vary significantly.
Some of the factors that could affect TEAM stock price:
- Financial performance
- Developments in the e-commerce industry
- Market conditions
- Demand for new products
Is TEAM a good stock to buy?
Here are some of the reasons why you might want to consider buying TEAM stock:
- Strong financial performance: TEAM has a long history of strong financial performance. In the past five years, the company has grown its revenue and earnings at a compound annual growth rate of 20% and 25%, respectively.
- Diversified product portfolio: TEAM has a diversified product portfolio, which helps to reduce its risk. The company’s products are used for a variety of purposes, including software development, project management, and IT operations.
- Cloud-based products: TEAM’s products are cloud-based, which makes them more scalable and accessible to customers. This could help the company to grow its revenue and earnings in the future.
- Strong customer base: TEAM has a strong customer base of over 200,000 customers. This could help the company to maintain its growth in the future.
- Attractive valuation: TEAM stock is currently trading at a relatively low valuation. This could make it an attractive investment for investors who are looking for value.
Atlassian TEAM Stock Forecast 2023: Reasons Not to buy TEAM Stock
Here are some of the reasons why you might not want to buy TEAM stock:
- Declining demand for e-commerce: The demand for e-commerce has been declining in recent years, as more and more people are returning to in-store shopping. This could hurt TEAM’s growth prospects.
- Increased competition: The e-commerce industry is becoming increasingly competitive, as new companies enter the market. This could make it difficult for TEAM to maintain its market share.
- Regulatory challenges: The e-commerce industry is subject to a number of regulatory challenges, which could make it difficult for TEAM to operate and could lead to lower profits.
- Product recalls: TEAM has recalled some of its products in the past. This could damage the company’s reputation and hurt its stock price.
- Financial performance: TEAM’s financial performance could decline if the company’s products are not successful.
Overall, TEAM is a well-established company with a strong financial performance. However, there are also some risks to consider before investing in TEAM stock.
Atlassian TEAM Stock Forecast 2023: Frequently Asked Questions (FAQ)
Should I buy TEAM Stock now?
Whether or not you should buy TEAM stock now is a decision that only you can make. There are a number of factors to consider, including your investment goals, risk tolerance, and financial situation.
Will TEAM Stock go up?
Whether TEAM stock will go up is a question that cannot be answered definitively. There are a number of factors that could influence the stock price, including the company’s financial performance, the overall market conditions, and any new developments in the e-commerce industry. According to the analysts’ average price target, TEAM stock is expected to reach $250 in the next 12 months.
How much will TEAM Stock be worth in 10 years?
The value of TEAM stock in 10 years is impossible to predict with certainty. There are many factors that could affect the stock price, including the company’s financial performance, the overall market conditions, and any new developments in the e-commerce industry. If TEAM continues to grow its revenue and earnings at a rapid pace, it is possible that the stock price could reach $300 or even $400 in 10 years.
What is the best time to invest in TEAM stock?
There is no one-size-fits-all answer to this question, as the best time to invest in TEAM stock will vary depending on your individual circumstances and investment goals.
Note: collates Predictions and data from all over the net and has no in-house view on the likely trends in the Stocks or Crypto Coins. Please consult a registered investment advisor to guide you on your financial decisions.