Research
RBC Capital Initiates Atlassian at Outperform With $215 Price Target
Atlassian (TEAM) has an average rating of buy and mean price target of $190.54, according to analysts polled by FactSet.
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Insider Trading
Atlassian Insider Sold Shares Worth $1,561,377, According to a Recent SEC Filing
James Chuong, Chief Financial Officer, on August 19, 2026, sold 9,054 shares in Atlassian (TEAM) for $1,561,377. Following the Form 4 filing with the SEC, Chuong has control over a total of 279,218 Class A common shares of the company, with 279,218 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1650372/000212285526000006/xslF345X05/primarydocument.xml
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Insider Trading
Atlassian Insider Sold Shares Worth $1,241,552, According to a Recent SEC Filing
Brian Duffy, Chief Revenue Officer, on August 14, 2026, sold 7,617 shares in Atlassian (TEAM) for $1,241,552. Following the Form 4 filing with the SEC, Duffy has control over a total of 220,074 Class A common shares of the company, with 220,074 shares held directly.SEC Filing:https://www.sec.gov/Archives/edgar/data/1650372/000205181326000010/xslF345X05/primarydocument.xml
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US Markets
Monday.com Third-Quarter Revenue Guidance Misses Views
Monday.com (MNDY) guided its third-quarter revenue below Wall Street's estimates on Monday, even as it reported stronger-than-expected results for the preceding three-month period.For the ongoing quarter, the work management software provider projects revenue between $368 million to $370 million, representing a 16% to 17% rise year over year. Analysts in a FactSet poll expect $372.8 million.Monday.com forecasts adjusted operating income of $57 million to $59 million, compared with the second quarter's $61.1 million. Its US-listed shares declined 8.4% intraday, with the stock down 42% so far this year.The company, which competes with Atlassian (TEAM) and Asana (ASAN), continues to expect full-year revenue of $1.466 billion to $1.474 billion. Analysts are looking for $1.47 billion. Monday.com guided full-year adjusted operating income of $230 million to $234 million, down from $185 million to $191 million previously expected.For the June quarter, Monday.com reported adjusted EPS of $1.48, compared with $1.09 a year earlier and the consensus of $1.12. Revenue surged 22% to $364.6 million, while the Street projected $355.6 million.Last week, Atlassian reported fiscal fourth-quarter results that topped analysts' estimates. Asana is scheduled to release its second-quarter results next month.Last month, Monday.com cut its workforce by about 20% amid demand for artificial intelligence agents."Over the past nine months, Monday.com (has) undergone the most meaningful strategic shift in our history," co-Chief Executive Roy Mann said on an earnings call, according to a FactSet transcript. "We moved from building software that helps people manage work to building software that does the work with people and AI agents operating together in a single unified workspace."Price: $85.88, Change: $-7.25, Percent Change: -7.78%
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Wire
Atlassian's Fiscal Q4 Data Center Upside Driven by End-of-Life Revenue Recognition, Oppenheimer Says
Atlassian's (TEAM) fiscal Q4 data center upside was primarily driven by upfront end-of-life revenue recognition, while cloud acceleration reflects robust seat expansion amid enterprise adoption and growing usage of its Rovo offerings, Oppenheimer said in a Thursday research report.The robust Q4 results reinforce confidence in the company's ability to monetize client AI usage, with potential to deliver more upside by showcasing the relevance of its Teamwork Graph, according to the note.Analysts noted that gross margin outlook calls for a decline, while execution risk remains for evolving data center migration, but a robust quarter makes a case for why AI is a tailwind for its business.The brokerage said it reiterated its outperform rating on the stock and boosted its price target to $200 per share from $110.Price: $148.15, Change: $+37.98, Percent Change: +34.47%
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Wire
Top Midday Stories: Stocks Rise on Dismal Jobs Report; Doximity Shares Soar After CEO Touts New AI Search Tool
All three major US stock indexes were up in late-morning trading Friday after the Bureau of Labor Statistics reported July jobs data that came in far below expectations, giving investors the impression that the Federal Reserve will not be pressed to raise interest rates.The July employment report showed nonfarm payrolls fell by 23,000, compared with the consensus estimate from a survey compiled by Bloomberg of 80,000 jobs. June and May payrolls were revised down to increases of 20,000 and 63,000, respectively, for a net downward revision of 103,000 jobs. The unemployment rate fell to 4.1% from 4.2% in June and compared with the Bloomberg consensus of 4.2%. The labor force participation rate fell to 61.4% from 61.5% in June.In company news, Doximity (DOCS) reported a fiscal Q1 adjusted earnings late Thursday of $0.29 per diluted share, down from $0.36 a year earlier and below the FactSet consensus analyst estimate of $0.30. Fiscal Q1 revenue was $156.6 million, up from $145.9 million and above the FactSet consensus $151.8 million. For Q2, the company expects revenue of $170 million to $171 million, below the FactSet consensus of $171.8 million. For fiscal 2027, the company expects revenue of $671 million to $681 million, up from its prior outlook of $664 million to $676 million. Analysts polled by FactSet expect $670 million. On the company's earnings call, Chief Executive Jeffrey Tangney said the revenue that Doximity's new AI search tool is generating is 10 times what it costs to run. Doximity shares were up 37% around midday.Atlassian (TEAM) reported fiscal Q4 non-GAAP net income late Thursday of $1.87 per diluted share, up from $0.98 a year earlier and above the FactSet consensus of $1.50. Fiscal Q4 revenue was $1.77 billion, up from $1.38 billion a year ago and above the FactSet consensus of $1.66 billion. For fiscal Q1, the company expects revenue of $1.71 billion to $1.72 billion, above the FactSet consensus of $1.67 billion. For fiscal 2027, the company expects revenue growth of about 13%. Analysts expect revenue of $7.34 billion. Atlassian shares were up 30%.The Commerce Department's Bureau of industry and Security is reviewing how Chinese AI firms acquire Nvidia (NVDA) chips by renting computing power located in other countries, Bloomberg reported Friday, citing people familiar with the matter. Nvidia shares were up 2.5%.Amazon's (AMZN) Amazon Web Services has asked engineers to reduce internal compute usage and free up server capacity as AI demand pressures CPU and GPU infrastructure, The Information reported Friday, citing people familiar with the mater. Some AWS engineers are now waiting days, rather than hours, for CPU server capacity, as teams have been directed to decommission idle EC2 instances and reduce compute usage, the report said. Amazon shares were up 2.2%.Price: $28.30, Change: $+7.64, Percent Change: +36.97%
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Wire
Atlassian's Robust Fiscal Q4 Results Ease Revenue Growth Concerns, BofA Says
Atlassian's (TEAM) robust fiscal Q4 results alleviated revenue growth concerns as Teamwork Graph's influence on enterprise buying decisions could likely support further cloud revenue upside, BofA Securities said in a Friday research report.Investors are overlooking Atlassian's efforts to build a self-reinforcing AI flywheel, as well as underestimating the potential of the company's workflow and collaboration data despite Atlassian emerging as an AI beneficiary, the firm said.Teamwork Graph access should make the company's Rovo offerings or third-party AI tools more effective while lowering cost and complexity, according to the note.The brokerage said it upgraded the stock to buy from neutral and boosted its price target to $175 per share from $105.Price: $149.12, Change: $+38.95, Percent Change: +35.35%
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Wire
UBS Adjusts Atlassian Price Target to $160 From $95, Maintains Neutral Rating
Atlassian (TEAM) has an average rating of buy and mean price target of $179.61, according to analysts polled by FactSet.Price: $149.47, Change: $+39.30, Percent Change: +35.67%
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Research
Update: BofA Securities Upgrades Atlassian to Buy From Neutral, Raises PT to $175 From $105; Notes 'Strong' Fiscal Q4 Results
(Updated to include prior price target in headline and commentary on fiscal Q4 results.)Atlassian (TEAM) has an average rating of buy and mean price target of $177.46, according to analysts polled by FactSet.Price: $148.60, Change: $+38.43, Percent Change: +34.88%
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Commodities
Exchange-Traded Funds, Equity Futures Higher Pre-Bell Friday Amid Strong Tech Results
The broad market exchange-traded fund SPDR S&P 500 ETF Trust (SPY) was up 0.3%, and the actively traded Invesco QQQ Trust (QQQ) was 0.6% higher in Friday's premarket activity as strong technology earnings supported gains in AI-related shares.US stock futures were also higher, with S&P 500 Index futures up 0.3%, Dow Jones Industrial Average futures advancing 0.1%, and Nasdaq futures gaining 0.6% before the start of regular trading.The July employment report showed nonfarm payrolls fell by 23,000, compared with the 80,000 jobs increase expected in a survey compiled by Bloomberg as of 7:35 am ET, while June payrolls were revised downwards to a 20,000 increase and May payrolls were revised down to a 63,000 increase, for a net downward revision of 103,000 jobs.Richmond Federal Reserve President Tom Barkin is slated to speak on Friday.The New York Fed's inflation expectations report for July will be released at 11 am ET.In premarket activity, bitcoin was up by 0.9%. Among cryptocurrency ETFs, the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) was 1% higher, Ether ETF (EETH) advanced 0.5%, and Bitcoin & Ether Market Cap Weight ETF (BETH) was flat.Power Play:TechnologyThe State Street Technology Select Sector SPDR ETF (XLK) advanced 0.9%, the iShares US Technology ETF (IYW) was 0.3% higher, and the iShares Expanded Tech Sector ETF (IGM) was flat. Among semiconductor ETFs, the State Street SPDR S&P Semiconductor ETF (XSD) was 1.3% higher, while the iShares Semiconductor ETF (SOXX) rose by 1.5%.Atlassian (TEAM) shares were up more than 30% in premarket activity after the company reported higher fiscal Q4 non-GAAP net income and revenue.Winners and Losers:ConsumerThe State Street Consumer Staples Select Sector SPDR ETF (XLP) was up 0.3%, the Vanguard Consumer Staples Index Fund ETF Shares (VDC) was down 0.02% and the iShares US Consumer Staples ETF (IYK) was 2.2% higher. The State Street Consumer Discretionary Select Sector SPDR ETF (XLY) gained 0.3%. The VanEck Retail ETF (RTH) was inactive, while the State Street SPDR S&P Retail ETF (XRT) rose 0.6%.Figs (FIGS) shares were up more than 25% pre-bell after the company posted higher Q2 earnings and sales.IndustrialThe State Street Industrial Select Sector SPDR ETF (XLI) advanced 0.8%, while the Vanguard Industrials Index Fund (VIS) and the iShares US Industrials ETF (IYJ) were inactive.Willdan (WLDN) stock was up more than 14% before the opening bell following the company's Q2 financial results.Health CareThe State Street Health Care Select Sector SPDR ETF (XLV) retreated 0.2%, the Vanguard Health Care Index Fund (VHT) gained 0.01%, while the iShares US Healthcare ETF (IYH) rose 2%. The iShares Biotechnology ETF (IBB) was 1% higher.Applied Optoelectronics (AAOI) stock was up more than 10% premarket after the company reported it swung to Q2 adjusted earnings.EnergyThe iShares US Energy ETF (IYE) was down 0.5%, while the State Street Energy Select Sector SPDR ETF (XLE) was 0.4% lower.Innovex International (INVX) stock was down more than 5% before market open after the company said late Thursday it priced an underwritten offering of 5 million shares on behalf of selling stockholders.FinancialThe State Street Financial Select Sector SPDR ETF (XLF) retreated 0.1%. Direxion Daily Financial Bull 3X Shares (FAS) was down 0.04%, while its bearish counterpart, Direxion Daily Financial Bear 3X Shares (FAZ), was 0.3% higher.HA Sustainable Infrastructure Capital (HASI) shares were up 3% in early-hours activity after the company reported higher Q2 adjusted earnings and revenue.CommoditiesFront-month US West Texas Intermediate crude oil retreated by 0.7% to $76.73 per barrel on the New York Mercantile Exchange. Natural gas was flat at $2.64 per 1 million British Thermal Units. The United States Oil Fund (USO) decreased by 0.7%, while the United States Natural Gas Fund (UNG) was 0.3% higher.Gold futures for November advanced by 1.9% to $4,381.80 an ounce on the Comex. Silver futures rose 4.5% to $64.40 an ounce. SPDR Gold Shares (GLD) was up by 1.5%, and the iShares Silver Trust (SLV) was 3.5% higher.
Dow JonesNasdaq CompositeS&P 500$AAIO$BETH$BITO$EEM$EETH$EXI$FAS$FAZ$FIGS$GLD$HASI$IBB$IGM$IGV$INVX$IPK$IVV$IWM$IYE$IYH$IYJ$IYK$IYW$PMR$QQQ$RTH$SLV$SOXX$SPY$TEAM$UNG$USO$VDC$VHT$VIS$WLDN$XLE$XLF$XLI$XLK$XLP$XLV$XLY$XRT$XSD
Research
BofA Securities Upgrades Atlassian to Buy From Neutral, $175 Price Target
Atlassian (TEAM) has an average rating of buy and mean price target of $177.46, according to analysts polled by FactSet.
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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.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.Price: $71.57, Change: $+0.34, Percent Change: +0.48%
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