Target
$210.96 → $211.15
Current stock research snapshot · 7/22/26 35 days old
TEAMAtlassian Corporation
Investment conviction●●○○○2 of 5 · current snapshot
Research target$211.15Current stock price target
Investment thesis statusINTACTLast reviewed 7/22/26
Market cap$22.99BSnapshot value · 7/22/26
Research history
See all TEAM changes ↗What changed
Atlassian's Jira, Confluence, and Bitbucket are the de facto standard for enterprise DevOps and collaboration. The cloud migration from server/data-center licenses creates a multi-year revenue tailwind. Atlassian's flywheel is that the more teams use Jira, the more plugins and integrations the marketplace attracts.
Cloud migration completing in CY2026 — remaining on-prem data center conversions Atlassian Intelligence AI features driving premium tier attach rates Q4 FY26 earnings — cloud revenue growth acceleration
Thesis weakens if cloud revenue growth decelerates while RPO stops compounding, large customers stop expanding seats/AI credits, Teamwork Graph fails to lift multi-product attachment, or MSFT/NOW bundle enough workflow functionality. (vault 2026-08)
Neutral — Up 90% since entry; next buy window 116-82; recovered from AI fears low of 56.01 post-earnings; 3.06% intraday dip toward earnings gap. [X search Aug 2026]
Snapshot · 7/22/26🟢 Lean-Bull · ins-$1.8M · 13F 17+/8-×0.5 · short↓0.19
Snapshot · 7/22/26