Guggenheim Raises Atlassian (TEAM) Price Target to $280
Key Points
- Guggenheim reaffirmed its Buy rating on Atlassian Corporation (TEAM) on October 19, 2026, pushing its price target up from $165 to $280.
- Guggenheim's $280 price target implies 31.24% upside from Atlassian Corporation's ($TEAM) current $213.35 share price.
- Atlassian shares recently traded around $213.35, sitting below Guggenheim's new target while closing at $213.62 on the day of the update.
- Wall Street sentiment on the software maker remains largely positive as market participants look ahead to the company's next earnings report scheduled for November 5, 2026.
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On October 19, 2026, Guggenheim maintained its Buy rating on Atlassian Corporation (TEAM) while significantly lifting its price target. The firm issued its updated research note on the software provider, moving its target up from $165 to $280. Guggenheim's forward-looking call joins a series of recent adjustments from Wall Street analysts tracking the company.
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Atlassian Corporation
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Guggenheim's Call on Atlassian
Guggenheim kept its Buy rating intact on October 19, 2026, while raising its target to $280 from $165. The updated target sits well above where the shares recently changed hands around $213.35. Other firms have also adjusted their views recently. On October 19, 2026, Keybanc maintained an Overweight rating on Atlassian Corporation (TEAM) and raised its price target from $185 to $235. Earlier in October, Barclays, Wells Fargo, and Mizuho also reiterated bullish stances while lifting their targets. Consensus estimates currently place the mean analyst target at $212.01 across 31 opinions, with a recommendation key of buy.
Other Institutional Activity in Atlassian
DnB Asset Management AS grew its holdings by 1,752,898 shares, ending with 9,830,768 shares worth about $2,100,000,000. AQR Capital Management, LLC grew its holdings by 4,672,944 shares, ending with 8,822,984 shares worth about $1,884,721,775. GQG Partners LLC grew its holdings by 3,829,206 shares, ending with 7,658,413 shares worth about $1,635,951,935. Pictet Asset Management Holding SA grew its holdings by 442,756 shares, ending with 5,474,077 shares worth about $1,169,344,988. Ameriprise Financial, Inc. grew its holdings by 2,921,000 shares, ending with 3,772,852 shares worth about $805,937,800.
Atlassian Corporation Stock Up 4.2%
Atlassian shares closed at $213.62 on October 19, 2026. The stock recently traded around $213.35, putting it down about 0.1% since that session.
$TEAM price target
Atlassian Corporation daily closes and this analyst's $280 target. Not advice.
Recent Earnings
Atlassian generated trailing-twelve-month revenue of $6.57 billion with a net profit margin of -0.8% and a return on equity of -4.5%. The company's next earnings update is scheduled for November 5, 2026.
Insider Buying and Selling at Atlassian Corporation
Company insiders executed several transactions prior to the update, including sales by Officer Brian Duffy, Chief Financial Officer James Chuong, and Chief Accounting Officer Gene Liu.
About Atlassian
Atlassian Corporation creates collaboration tools and productivity software used by organizations worldwide. Its product suite features widely adopted applications like Jira, Confluence, Trello, and Bitbucket, helping teams manage projects and codebases. Guggenheim's updated target highlights ongoing institutional attention on the software developer's growth path.
Bottom Line
Investors will watch for further updates when Atlassian reports earnings on November 5, 2026. The gap between current share prices and higher analyst targets will remain a key focal point for the market.
Related Filing Alerts
Source: Guggenheim's rating change on $TEAM (Oct 19, 2026). Written by software, not financial advice. How we make alerts