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TEAM · NASDAQ · STOCK

Atlassian (TEAM) Stock Analysis

Technology Updated October 10, 2026
$206.78
52W $56.01 – $207.37
52/100
$54.32B
-984.7
1.04
AI Committee Verdict
Watch
52/100
Conviction: Contested · 50% agreement · 6 analysts
+7.7%
-15.8%
0.48:1
Contested

Is TEAM Bullish or Bearish?

Mixed. Innellis AI committee rates Atlassian Corporation (TEAM) Watch with a composite score of 52/100 , based on 6 analysts with 50% agreement. Last updated October 10, 2026.

What Would Change This View

Upgrade to Buy
Requires a committee score of 60.0 — +8.01 from today. Applies on the first day at or above the line; upgrades are never dampened.
Downgrade to Reduce
Requires the score to fall below 40.0 — -11.99 from today. The band boundary is 45.0, but a one-step downgrade must clear a further margin first. A score oscillating around the line should not change the rating every night.

Executive Summary

The committee is genuinely divided. Growth Analyst sees a compelling case — revenue growing 26.0% yoy -- genuine top-line momentum. Value Analyst remains cautious — price-to-book of 44.9x prices in significant intangible value. This disagreement is itself the signal — the setup is not clean in either direction.

Bull & Bear Case

Bull Case
  • Revenue growing 26.0% YoY -- genuine top-line momentum — Growth
  • 5 consecutive earnings beats -- consistent execution — Growth
  • Price structure making higher highs and higher lows — Technical
  • MACD histogram positive -- bullish momentum — Technical
  • Trend and market structure agree -- coherent bullish picture — Technical
  • News sentiment is positive (+0.20 across 25 articles, 14d) — News
Bear Case
  • Price-to-book of 44.9x prices in significant intangible value — Value
  • ROE of only -4.4% -- cheap may mean cheap for a reason — Value
  • Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
  • RSI at 72 is in overbought territory — Technical
  • Price trading above the upper Bollinger Band -- stretched — Technical
  • Daily trend (uptrend) conflicts with the weekly trend (downtrend) -- fighting the larger trend — Technical
Both cases are generated from quantitative data signals, not qualitative or forward-looking judgement. They summarise what the numbers say today.
Price History (6M)

AI Investment Committee

Committee Consensus As of October 10, 2026
Overall Committee Score
52/100
Agreement
50%
Analysts
6
Conviction
Contested
Sector Rank
Top 90%
of 287 Technology peers
Value Analyst bearish
30 / 100 · Moderate confidence
Multiples don't clear a genuine value bar here, or cheapness looks justified by weak fundamentals
− Price-to-book of 44.9x prices in significant intangible value
Growth Analyst bullish
67 / 100 · High confidence
Strong, accelerating growth with consistent execution
+ Revenue growing 26.0% YoY -- genuine top-line momentum
− Growth rate is decelerating quarter over quarter -- the trend line matters more than the level
Technical Analyst neutral
51 / 100 · High confidence
Mixed or range-bound price action
+ Price structure making higher highs and higher lows
− RSI at 72 is in overbought territory
Risk Analyst bearish
35 / 100 · Low confidence
Elevated risk from leverage, volatility, event exposure, or portfolio concentration -- size accordingly
− Bollinger bandwidth of 15.7% signals elevated volatility
Macro Analyst bullish
65 / 100 · Low confidence
Macro backdrop is supportive of risk assets generally, and this name's beta works in its favor
News Analyst bullish
64 / 100 · Low confidence
News flow and recent filings/analyst actions are net positive
+ News sentiment is positive (+0.20 across 25 articles, 14d)
Portfolio Manager bearish
30 / 100 · Moderate confidence
The existing book itself argues for caution here, independent of how good this specific stock looks
− Sector concentration is already high (HHI 2796.97)
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Investment Thesis Evolution

Committee score moved marginally from 55.0 to 52.0.

Analyst-level changes:
  • News Analyst: +1 bullish signal(s).
  • Risk Analyst joined: bearish at 35.
  • Technical Analyst: +2 bearish signal(s); +1 bullish signal(s).

Comparing 2026-10-09 to 2026-10-10 (1 day apart).

Technical Analysis

RSI (14)
71.8
Overbought
MACD Histogram
0.427
Bullish Momentum
Trend Direction
Uptrend
Weekly: Downtrend
Market Structure
Hh Hl
Support
$174.04
Resistance
$222.59
Bollinger %B
1.02
Above Upper Band
Price vs Moving Averages
EMA 9
$195.86 Above
EMA 21
$189.74 Above
EMA 50
$170.93 Above
EMA 200
$136.06 Above

Fundamental Analysis

Valuation
67
Growth
75
Profitability
25
Financial Health
33
Cash Flow
70
Valuation
P/E Ratio -984.7×
P/B Ratio 49.39×
PEG Ratio -11.29
Dividend Yield 0.00%
52W High $207.37
52W Low $56.01
Quality & Growth
ROE -508.6%
ROA -88.2%
Gross Margin 8483.3%
Operating Margin 15.8%
Revenue Growth YoY —
Debt / Equity 1.16
AI Fundamental Assessment
P/E ratio of -984.7 (inexpensive relative to a 15-40x range); Price-to-book of 49.4x; PEG ratio of -11.3 (under 1.0 suggests growth is undervalued relative to price); Return on equity of -5.1%; Return on assets of -0.9%; Net margin of -0.8%; Gross margin of 84.8%; Current ratio of 0.78 (tight short-term liquidity); Debt-to-equity of 1.16; Free cash flow per share is positive (5.22); Most recent quarter beat estimates by 22.0%; 5 consecutive earnings beats; EPS growth decelerating (+43.4% -> +6.9% QoQ); Average YoY EPS growth of 90.8%; Analyst estimates rising over recent quarters
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