Mizuho Has Lowered Expectations for Atlassian (NASDAQ:TEAM) Stock Price

Atlassian (NASDAQ:TEAM) had its price target reduced by research analysts at Mizuho from $205.00 to $185.00 in a report issued on Thursday, Marketbeat reports. The brokerage currently has an “outperform” rating on the technology company’s stock. Mizuho’s price objective would indicate a potential upside of 145.98% from the company’s previous close.

Other research analysts also recently issued reports about the company. Guggenheim lowered their price target on Atlassian from $225.00 to $190.00 and set a “buy” rating on the stock in a report on Friday, February 6th. Wall Street Zen upgraded Atlassian from a “hold” rating to a “buy” rating in a report on Saturday, March 7th. Oppenheimer decreased their target price on Atlassian from $275.00 to $150.00 and set an “outperform” rating for the company in a research report on Friday, February 6th. TD Cowen lowered their target price on shares of Atlassian from $205.00 to $175.00 and set a “hold” rating on the stock in a research note on Tuesday, January 20th. Finally, KeyCorp dropped their price target on shares of Atlassian from $210.00 to $170.00 and set an “overweight” rating on the stock in a report on Friday, February 6th. Twenty-one analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have given a Sell rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $185.12.

Atlassian Price Performance

Shares of TEAM opened at $75.21 on Thursday. Atlassian has a twelve month low of $67.85 and a twelve month high of $242.00. The company has a market capitalization of $19.84 billion, a P/E ratio of -104.46, a price-to-earnings-growth ratio of 290.51 and a beta of 0.94. The firm has a 50 day moving average of $104.18 and a 200 day moving average of $141.12. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.62.

Atlassian (NASDAQ:TEAM) last released its quarterly earnings data on Thursday, February 5th. The technology company reported $1.22 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.12 by $0.10. Atlassian had a negative return on equity of 6.33% and a negative net margin of 3.29%.The business had revenue of $1.59 billion for the quarter, compared to analysts’ expectations of $1.54 billion. During the same period in the prior year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 23.3% on a year-over-year basis. As a group, equities research analysts anticipate that Atlassian will post -0.34 earnings per share for the current fiscal year.

Insider Activity at Atlassian

In other Atlassian news, Director Scott Farquhar sold 7,665 shares of the company’s stock in a transaction that occurred on Friday, December 26th. The shares were sold at an average price of $162.53, for a total transaction of $1,245,792.45. Following the completion of the sale, the director directly owned 22,995 shares of the company’s stock, valued at approximately $3,737,377.35. This represents a 25.00% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Michael Cannon-Brookes sold 7,665 shares of the stock in a transaction that occurred on Monday, December 29th. The stock was sold at an average price of $163.66, for a total transaction of $1,254,453.90. Following the completion of the transaction, the chief executive officer owned 7,665 shares in the company, valued at $1,254,453.90. The trade was a 50.00% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 343,273 shares of company stock worth $48,101,379 in the last quarter. Company insiders own 36.66% of the company’s stock.

Institutional Investors Weigh In On Atlassian

Hedge funds have recently modified their holdings of the business. Capco Asset Management LLC purchased a new position in Atlassian during the second quarter valued at $25,000. MV Capital Management Inc. bought a new stake in Atlassian during the fourth quarter valued at about $25,000. Physician Wealth Advisors Inc. increased its position in Atlassian by 60.4% in the third quarter. Physician Wealth Advisors Inc. now owns 162 shares of the technology company’s stock worth $26,000 after buying an additional 61 shares in the last quarter. Atlantic Union Bankshares Corp raised its stake in shares of Atlassian by 19,900.0% in the third quarter. Atlantic Union Bankshares Corp now owns 200 shares of the technology company’s stock worth $32,000 after buying an additional 199 shares during the period. Finally, Board of the Pension Protection Fund bought a new position in shares of Atlassian in the fourth quarter worth about $32,000. Institutional investors own 94.45% of the company’s stock.

Atlassian News Summary

Here are the key news stories impacting Atlassian this week:

• Positive Sentiment: Workforce cut framed as a productivity and margin play — several outlets reported the market initially viewed the ~1,600-job reduction as a disciplined step to reallocate resources toward higher-return AI and enterprise sales initiatives, which can support faster path to profitability. Atlassian shares rise after workforce reduction announcement
• Positive Sentiment: Analyst stance not uniformly bearish — the Street consensus remains constructive (a “Moderate Buy” in recent coverage) and Mizuho retains an outperform view despite lowering its price target to $185, signaling some analysts see material upside if the AI/enterprise pivot delivers. Atlassian Receives Consensus Recommendation of “Moderate Buy” Mizuho PT lowered to $185
• Neutral Sentiment: Short-interest reporting in recent data is unreliable/zero and doesn’t provide a meaningful signal for current positioning (tells us little about forced selling risk). (Data entry)
• Negative Sentiment: Significant one-time charges and leadership change — Atlassian disclosed an estimated $225M–$236M in restructuring charges and said longtime CTO Rajeev Rajan is stepping down; those details amplified downside as investors priced the near-term hit to earnings and execution risk around the AI pivot. Atlassian (TEAM) Is Down 11.1% After Restructuring To Fund AI And Enterprise Sales Pivot
• Negative Sentiment: Layoffs concentrated in R&D raise execution and product-cycle questions — reports note >900 R&D roles affected, which could slow product development even as the company shifts priorities; this feeds short-term uncertainty about roadmap delivery. Atlassian to reduce headcount by 10% as it restructures around AI
• Negative Sentiment: Reputational/strategic risk: critics warn of “AI-washing” — coverage and commentary question whether layoffs are genuine productivity moves or cosmetic AI repositioning, which can weigh on investor confidence if the strategy lacks clear near-term revenue pathways. Atlassian Layoffs Reignite Conversations Around The Rise Of AI Washing in 2026
• Negative Sentiment: Valuation and sentiment already under pressure — bearish price forecasts and a steep YTD/1‑yr decline have left the stock vulnerable to downside momentum if execution doubts persist. Atlassian Price Prediction: Down 66%, TEAM Could Hit $185 Next

About Atlassian

Atlassian Corporation Plc is a software company headquartered in Sydney, Australia, best known for developing collaboration, project management and software development tools. Founded in 2002 by Mike Cannon-Brookes and Scott Farquhar, Atlassian grew from a small engineering-focused team into a publicly traded company after its initial public offering in 2015. The company serves a global customer base that spans small teams to large enterprises across technology, financial services, government and other sectors.

Atlassian’s product portfolio centers on tools designed to help teams plan, build and support software and business processes.