Citigroup Raises Atlassian (TEAM) Price Target to $245
Key Points
- Citigroup kept its Buy rating on Atlassian Corporation on October 20, 2026, moving its price target up from $225 to $245.
- Citigroup's $245 price target implies 10.83% upside from Atlassian Corporation's ($TEAM) current $221.06 share price.
- The software maker recently traded at $221.06, sitting near its 52-week high of $223.70.
- Insiders executed four share sales between August 19 and October 12, 2026.
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On October 20, 2026, Citigroup maintained its Buy rating on Atlassian Corporation (TEAM) while lifting its price target from $225 to $245. The firm's updated research note outlines continued confidence in the collaboration software provider as shares trade near recent highs.
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Citigroup's Call on Atlassian Corporation
In its October 20 note, Citigroup kept a Buy rating on the company and increased its target by $20 to $245. This follows several other Wall Street updates on the stock. Mizuho maintained an Outperform rating on October 15 and raised its target from $215 to $235. Guggenheim kept a Buy rating on October 19 and boosted its target from $165 to $280. Keybanc maintained an Overweight rating on October 19 and moved its target from $185 to $235. BTIG also maintained a Buy rating on October 20, lifting its target from $230 to $260.
Other Institutional Activity in Atlassian Corporation
DnB Asset Management AS grew its holdings by 1,752,898 shares, ending with 9,830,768 shares worth about $2.17 billion. AQR Capital Management, LLC grew its holdings by 4,672,944 shares, ending with 8,822,984 shares worth about $1.95 billion. GQG Partners LLC grew its holdings by 3,829,206 shares, ending with 7,658,413 shares worth about $1.69 billion. Pictet Asset Management Holding SA grew its holdings by 442,756 shares, ending with 5,474,077 shares worth about $1.21 billion. Ameriprise Financial, Inc. grew its holdings by 2,921,000 shares, ending with 3,772,852 shares worth about $834.2 million.
Atlassian Corporation Stock Up 6.4%
Atlassian Corporation recently traded at $221.06, with an event close of $221.11 on October 20, 2026. The stock trades 19.3% above its 50-day moving average of $185.30 and 92.7% above its 200-day moving average of $114.70.
$TEAM price target
Atlassian Corporation daily closes and this analyst's $245 target. Not advice.
Recent Earnings
Atlassian Corporation posted $6.57 billion in trailing-twelve-month revenue with a trailing-twelve-month EPS of -$0.21. The next earnings release is scheduled for November 5, 2026.
Insider Buying and Selling at Atlassian Corporation
Insiders completed several transactions leading up to the analyst update. On August 19, 2026, officer Gene Liu sold 1,125 shares at $175 each for a total of $196,875. On the same day, officer Brian Duffy sold 1,851 shares for a total of $319,204. Later, on August 28, 2026, Gene Liu sold 939 shares at $190 each for $178,410. Finally, on October 12, 2026, Gene Liu sold 337 shares at $210 each for $70,770.
Analysts Set New Price Targets
Across 31 analyst opinions, the stock carries a consensus buy recommendation with a mean price target of $218.78.
About Atlassian Corporation
Atlassian Corporation provides workplace collaboration tools that connect teams and help organizations manage projects. Its product lineup includes widely used team tracking and document platforms like Jira, Confluence, and Trello, serving customers worldwide.
Bottom Line
Investors will look toward Atlassian Corporation's upcoming earnings release on November 5, 2026, for further updates on revenue growth and software adoption metrics.
Related Filing Alerts
Source: Citigroup's rating change on $TEAM (Oct 20, 2026). Written by software, not financial advice. How we make alerts