Fintel reports that on January 16, 2025, Cantor Fitzgerald initiated coverage of Atlassian (NasdaqGS:TEAM) with a Neutral recommendation.
Analyst Price Forecast Suggests 8.13% Upside
As of December 23, 2024, the average one-year price target for Atlassian is $272.97/share. The forecasts range from a low of $181.80 to a high of $441.00. The average price target represents an increase of 8.13% from its latest reported closing price of $252.44 / share.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Atlassian is 5,767MM, an increase of 26.23%. The projected annual non-GAAP EPS is 3.05.
What is the Fund Sentiment?
There are 1,266 funds or institutions reporting positions in Atlassian. This is an decrease of 16 owner(s) or 1.25% in the last quarter. Average portfolio weight of all funds dedicated to TEAM is 0.23%, an increase of 25.90%. Total shares owned by institutions increased in the last three months by 0.23% to 158,193K shares. 
The put/call ratio of TEAM is 0.80, indicating a bullish outlook.
What are Other Shareholders Doing?
Baillie Gifford holds 8,514K shares representing 5.27% ownership of the company. In its prior filing, the firm reported owning 8,436K shares , representing an increase of 0.92%. The firm decreased its portfolio allocation in TEAM by 67.27% over the last quarter.
Price T Rowe Associates holds 8,193K shares representing 5.07% ownership of the company. In its prior filing, the firm reported owning 9,268K shares , representing a decrease of 13.13%. The firm decreased its portfolio allocation in TEAM by 23.64% over the last quarter.
Capital International Investors holds 7,673K shares representing 4.75% ownership of the company. In its prior filing, the firm reported owning 2,548K shares , representing an increase of 66.79%. The firm increased its portfolio allocation in TEAM by 152.21% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 5,076K shares representing 3.14% ownership of the company. In its prior filing, the firm reported owning 4,972K shares , representing an increase of 2.04%. The firm decreased its portfolio allocation in TEAM by 13.92% over the last quarter.
Wcm Investment Management holds 4,466K shares representing 2.77% ownership of the company. In its prior filing, the firm reported owning 7,472K shares , representing a decrease of 67.30%. The firm decreased its portfolio allocation in TEAM by 46.59% over the last quarter.
Atlassian Background Information
(This description is provided by the company.)
Atlassian is a global software company helping teams around the world unleash their potential. The Company builds tools that help teams collaborate, build, and create together. With more than 180,000 customers and team of more than 5,000 Atlassians, the Company is building the next generation of team collaboration and productivity software. It believes the power of teams have the potential to change the world—one that is more open, authentic, and inclusive.
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This story originally appeared on Fintel.
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