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$TEAM

11 stories mentioning TEAM

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Wire

Atlassian Still 'Positive' Longer Term, Oppenheimer Says

Atlassian (TEAM) is positioned to benefit from enterprise adoption of AI-powered workflow tools, though declines in data center revenue growth will weigh near-term, Oppenheimer said in a Monday note.The note pointed to the firm's negative data center growth outlook in fiscal 2027 before reacceleration in the following year."We're adjusting our estimates and believe FY27/FY28 consensus DC projections (-4.9%/-7.0%) aren't declining steeply enough(we model -15.0%/-20.9%)," the report said."We remain positive longer term, though would wait for quantified FY27 to get aggressive again," it added.The report also noted positively-biased spending intentions from customers and its critical partner status.Oppenheimer maintained its outperform rating on the stock and raised its price target to $110 from $100.Price: $87.06, Change: $-4.54, Percent Change: -4.96%

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Sectors

Sector Update: Tech Stocks Gain Late Afternoon

Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.1%.The Philadelphia Semiconductor index added 1%.In corporate news, Apple (AAPL) gained 3.3% after the company overnight reported a year-over-year surge in fiscal Q2 earnings and revenue. Apple's board also raised its quarterly dividend and approved an additional share buyback program of up to $100 billion.Atlassian (TEAM) shares soared 30% after it reported better-than-expected fiscal Q3 results.Reddit (RDDT) shares surged 15% after it provided an upbeat revenue outlook at the midpoint for Q2 on the back of stronger-than-expected results in the previous three-month period.Universal Display's (OLED) shares climbed past 10% after the company announced a new $400 million stock repurchase plan and reported Q1 results.

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Sectors

Sector Update: Tech

Tech stocks were higher late Friday afternoon, with the State Street Technology Select Sector SPDR ETF (XLK) rising 1.6% and the State Street SPDR S&P Semiconductor ETF (XSD) climbing 2.2%.The Philadelphia Semiconductor index added 1%.In corporate news, Atlassian (TEAM) shares surged 30% after it reported better-than-expected fiscal Q3 results.

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Wire

Update: Atlassian Shares Soar After Fiscal Q3 Results Beat

(Updates with the latest stock movement in the first paragraph and headline.)Atlassian (TEAM) shares were up over 28% in Friday trading after the firm reported better-than-expected fiscal Q3 results.Late Thursday, the company posted Q3 adjusted earnings of $1.75 per diluted share, up from $0.97 a year earlier.Analysts polled by FactSet expected $1.33.Revenue for the three months ended March 31 was $1.79 billion, up from $1.36 billion a year earlier.Analysts surveyed by FactSet expected $1.70 billion.For Q4, the company expects revenue of $1.65 billion to $1.66 billion. Analysts expect $1.66 billion.For the full-year 2026, the company expects revenue growth of around 24%.Price: $87.99, Change: $+19.40, Percent Change: +28.28%

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Wire

Atlassian Q3 Results Add Confidence to Strategy, Oppenheimer Says

Atlassian (TEAM) posted "solid" Q3 results, with Cloud and Data Center revenue growth beating expectations, backing confidence in its strategy, Oppenheimer said in a Thursday report.The results also showed its ability to monetize customer AI usage and address AI displacement concerns, the note said."Even with strong after-hours performance, we find the valuation compelling and believe the bear narrative could be difficult to sustain if execution continues," the report said."We urge patience and remain bullish," Oppenheimer said, keeping its outperform rating and $100 price target.Price: $84.92, Change: $+16.33, Percent Change: +23.81%

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Research

Research Alert: CFRA Maintains Buy Rating On Shares Of Atlassian Corporation

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We raise our target price to $101, from $94, on an EV/S multiple of 3.2x our FY 27 sales view of $7.75B. We raise our FY 26 EPS forecast to $5.46 from $4.91 and our FY 27 EPS estimate to $5.96 from $5.72. TEAM reported exceptional Q3 results, with total revenue of $1.79B surging 32% Y/Y, driven by Cloud acceleration (+29%, 300 bps faster than Q2) and Data Center (DC) revenue of $561M up 44% Y/Y (above 17% guide). Cloud strength was fueled by robust paid seat expansion, cross-sells, upgrades to its Collections, and AI solutions demand. We reiterate that AI remains a key growth driver for TEAM, as clients accelerate adoption of its tools to unlock value and move to the Cloud. Management also stressed that there are no signs of seat compression due to AI. DC benefited from its largest renewal cohort in Q3, and accounting dynamics did create an artificial boost to results. Still, the takeaway is clear - AI is positioning the firm for sustained growth. We also see strong margin expansion and improved profitability.

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Wire

UBS Adjusts Price Target on Atlassian to $95 From $105, Maintains Neutral Rating

Atlassian Corp (TEAM) has an average rating of overweight and mean price target of $128.41, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $85.32, Change: $+16.73, Percent Change: +24.39%

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Research

Research Alert: Team: Results And Guidance Surpass Expectations As Cloud Growth Accelerates

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:TEAM delivered a strong Q3 beat with non-GAAP EPS of $1.75 exceeding consensus by $0.41, while total revenue of $1.787B grew 32% Y/Y, surpassing expectations by $90M. Cloud revenues of $1.132B accelerated to 29% growth from 26% in Q2, while Data Center sales of $560.7M surged 44% Y/Y, reaccelerating from Q2's 20% growth. RPO growth accelerated again, up 37% Y/Y reaching $3.996B, demonstrating strengthening demand and larger customer commitments driven by its AI-powered System of Work strategy. Despite restructuring charges of $223.8M, non-GAAP operating margin expanded 800 bps Y/Y to 34%, while free cash flow of $561.3M represented a 31% margin, up from Q2's 11%. Management raised FY 26 revenue growth guidance to 24% from 22%, with operating margin guidance improving to 29% from 25.5%. We view the balanced growth across Cloud migration and Data Center expansion as positive, demonstrating TEAM's ability to optimize customer transitions while maintaining strong operational leverage.

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Wire

BofA Securities Adjusts Price Target on Atlassian to $84 From $150, Maintains Buy Rating

Atlassian (TEAM) has an average rating of overweight and mean price target of $130.89, according to analysts polled by FactSet.(covers equity, commodity and economic research from major banks and research firms in North America, Asia and Europe. Research providers may contact us here: https://www..com/contact-us)Price: $71.57, Change: $+0.34, Percent Change: +0.48%

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Wire

Atlassian, Google Cloud Deepen AI Collaboration for Enterprise Teams

Atlassian (TEAM) said Wednesday it has announced an expanded partnership with Alphabet's (GOOG, GOOGL) Google Cloud to deepen integration of agentic artificial intelligence across its collaboration tools for global enterprise customers.The next phase of the collaboration will integrate Atlassian's Rovo AI platform with Google's Gemini models and Google Workspace, allowing users to access AI agents within existing work environments and streamline workflows from planning to execution, the company said.Atlassian also highlighted its use of Google Cloud infrastructure, including Kubernetes Engine and AI Hypercomputer, to support large-scale AI training and deployment.Price: $71.80, Change: $+0.58, Percent Change: +0.81%

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Wire

Atlassian Seen Delivering Solid Fiscal Q3 Results on Cloud Growth, Seat Expansion, Oppenheimer Says

Atlassian (TEAM) is expected to report fiscal Q3 results ahead of consensus, supported by steady seat expansion and increasing data center to cloud migration activity, Oppenheimer said in a Friday note.The firm said it expects fiscal Q3 revenue to see a 2% upside on management's sales guidance of $1.69 billion to $1.70 billion.Oppenheimer said its checks point to stable seat expansion, stronger migration activity and continued focus on enterprise engagement.The firm noted that Street estimates for data center revenue growth in fiscal 2027 have adjusted downwards after management flagged "meaningful deceleration" in its fiscal Q2 earnings commentary.Oppenheimer maintained its outperform rating on Atlassian and lowered its price target to $100 from $150.Price: $68.95, Change: $+0.22, Percent Change: +0.32%

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