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TEAM · NASDAQ · STOCK

Atlassian (TEAM) Stock Analysis

Technology Updated August 23, 2026
$171.81
52W $56.01 – $184.00
54/100
$45.13B
-818.1
1.04
AI Committee Verdict
Watch
54/100
Conviction: Contested · 40% agreement · 5 analysts
+2.9%
-8.7%
0.33:1
Contested

Is TEAM Bullish or Bearish?

Mixed. Innellis AI committee rates Atlassian Corporation (TEAM) Watch with a composite score of 54/100 , based on 5 analysts with 40% agreement. Last updated August 23, 2026.

What Would Change This View

Upgrade to Buy
Requires a committee score of 60.0 — +5.82 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 — -14.18 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. Macro Analyst sees a compelling case. Risk Analyst remains cautious — bollinger bandwidth of 89.8% signals elevated volatility. This disagreement is itself the signal — the setup is not clean in either direction.

Bull & Bear Case

Bull Case
  • 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
Bear Case
  • Growth rate is decelerating quarter over quarter -- the trend line matters more than the level — Growth
  • RSI at 78 is in overbought territory — Technical
  • Daily trend (uptrend) conflicts with the weekly trend (downtrend) -- fighting the larger trend — Technical
  • Weekly RSI at 84 -- overbought on the larger timeframe too — Technical
  • Bollinger bandwidth of 89.8% signals elevated volatility — Risk
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 August 23, 2026
Overall Committee Score
54/100
Agreement
40%
Analysts
5
Conviction
Contested
Sector Rank
Top 75%
of 287 Technology peers
Growth Analyst neutral
58 / 100 · Moderate confidence
Moderate growth -- present but not remarkable
+ 5 consecutive earnings beats -- consistent execution
− 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 78 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 89.8% 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
62 / 100 · Low confidence
News flow and recent filings/analyst actions are net positive
Portfolio Manager neutral
45 / 100 · High confidence
Portfolio-level factors are mixed -- worth a deliberate sizing decision, not a default-size position
+ Portfolio position concentration is currently healthy
− Sector concentration is already high (HHI 3069.37)
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Investment Thesis Evolution

Committee score moved marginally from 51.7 to 54.2.

Analyst-level changes:
  • Growth Analyst: stance bullish->neutral; score 67->58 (-9).
  • Value Analyst abstained (was bearish at 30).

Comparing 2026-08-22 to 2026-08-23 (1 day apart).

Technical Analysis

RSI (14)
77.7
Overbought
MACD Histogram
3.128
Bullish Momentum
Trend Direction
Uptrend
Weekly: Downtrend
Market Structure
Hh Hl
Support
$156.90
Resistance
$176.72
Bollinger %B
0.80
Inside Bands
Price vs Moving Averages
EMA 9
$161.57 Above
EMA 21
$141.00 Above
EMA 50
$117.58 Above
EMA 200
$115.06 Above

Fundamental Analysis

Valuation
67
Growth
75
Profitability
25
Financial Health
33
Cash Flow
70
Valuation
P/E Ratio -818.1×
P/B Ratio 41.04×
PEG Ratio -9.38
Dividend Yield 0.00%
52W High $184.00
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 -818.1 (inexpensive relative to a 15-40x range); Price-to-book of 41.0x; PEG ratio of -9.4 (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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