Atlassian (TEAM) Receives a Hold from Needham


Needham analyst Jack Andrews reiterated a Hold rating on Atlassian (TEAM) today. The company’s shares closed last Thursday at $228.12.

According to TipRanks.com, Andrews is a 5-star analyst with an average return of 25.1% and a 62.1% success rate. Andrews covers the Technology sector, focusing on stocks such as LiveRamp Holdings, Pegasystems, and ServiceNow.

Atlassian has an analyst consensus of Strong Buy, with a price target consensus of $285.78, representing a 21.6% upside. In a report released today, Raymond James also reiterated a Hold rating on the stock.

See today’s analyst top recommended stocks >>

Atlassian’s market cap is currently $57.04B and has a P/E ratio of -49.20. The company has a Price to Book ratio of -92.04.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

Founded in 2002, Atlassian Corporation Plc is an Australian software company that develops products for software developers and project managers. Its products include JIRA, Confluence, Trello, Bitbucket, Jira Service Deak, Jira Align, Atlassian Access, Crowd, Crucible, Fisheye, Jira Portfolio, Sourcetree, Bamboo, Opsgenie, and Statuspage.

Read More on TEAM:

Stay Ahead of Everyone Else

Get The Latest Stock News Alerts