A Closer Look at 5 Analyst Recommendations For Atlassian
Portfolio Pulse from Benzinga Insights
Atlassian (NASDAQ:TEAM) has received mixed analyst ratings over the past three months, with 1 bullish and 4 indifferent ratings. The average 12-month price target is $206.00, slightly up from the previous $205.00. Analysts from Mizuho and Truist Securities have raised their price targets, while Scotiabank announced a new target and Piper Sandler lowered theirs. Atlassian's financial performance shows strong revenue growth but below-average net margin, ROE, ROA, and a high debt-to-equity ratio.
January 16, 2024 | 9:01 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Atlassian has a mix of analyst ratings with a slight increase in the average price target to $206.00. The company shows strong revenue growth but faces profitability and debt management challenges.
The mixed analyst ratings and the slight increase in the average price target suggest a neutral short-term impact on Atlassian's stock price. The strong revenue growth is positive, but concerns about profitability and high debt levels could temper investor enthusiasm.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100