Wall Street is positive on Atlassian Corporation PLC (TEAM). On average, analysts give the stock a Strong Buy rating. The average price target is $158.428, which means analysts expect the stock to rise by 20.85% over the next twelve months.
That average ranking earns the stock an Analyst Rating of 64, which is better than 64% of stocks based on data compiled by InvestorsObserver.
Why are Analyst Ratings Important?
A company's financial statements are a significant factor weighted by experts when analyzing a company's health. Beyond just the numbers, analysts follow specific industries closely and are able to gain a detailed understanding of how a storm in one part of the world can shutdown supply chains leading to a change in consumption across the globe. This knowledge allows investors to respond to potential changes in the market before they are revealed in a quarterly annoucement.
Investors Observer averages the ratings across all these analysts and percentile ranks those averages. This allows you to compare stocks in greater detail than the usual five-tiered system used amongst the majority of investors.
What's Happening With Atlassian Corporation PLC Stock Today?
Atlassian Corporation PLC (TEAM) stock is lower by -1.07% while the S&P 500 is unchanged 0% as of 10:50 AM on Wednesday, Apr 8. TEAM has fallen -$1.42 from the previous closing price of $132.52 on volume of 307,107 shares. Over the past year the S&P 500 is lower by -7.60% while TEAM has gained 16.90%. TEAM lost -$1.06 per share the over the last 12 months.