8 Analysts Have This To Say About Atlassian
Portfolio Pulse from Benzinga Insights
Analysts have varied opinions on Atlassian (NASDAQ:TEAM), with recent ratings ranging from bullish to indifferent. Over the past quarter, 8 analysts have provided insights, with a notable shift towards more positive evaluations in the last 30 days. The average 12-month price target for Atlassian is now $255.00, up from $219.75, indicating a 16.04% increase. The company has shown impressive revenue growth of 21.47% as of December 31, 2023, but faces challenges with a net margin of -7.97%, ROE of -10.06%, ROA of -1.98%, and a high debt-to-equity ratio of 1.4.
April 11, 2024 | 7:02 pm
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Atlassian has received mixed analyst ratings, with a shift towards more positive evaluations and an increased average price target of $255.00. The company's strong revenue growth contrasts with challenges in profitability and debt management.
The positive shift in analyst ratings and the increase in the average price target suggest a bullish outlook for Atlassian in the short term. However, the company's financial challenges, such as low net margin and high debt-to-equity ratio, may temper the potential stock price growth. The strong revenue growth rate is a positive indicator, but investors should be cautious of the underlying financial health issues.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100