Keybanc Raises Atlassian (TEAM) Price Target to $235

Keybanc reiterated its Overweight rating on Atlassian Corporation (TEAM) and raised its price target to $235 from $185 on October 19, 2026. According to a research note from the firm, the updated target reflects increased confidence in the software maker's growth trajectory following recent market developments. Atlassian closed at $211.29 on the day of the announcement.

TEAM Atlassian Corporation

$207.82 ▲ +34.29% year to date

1M 3M YTD

Daily close · Oct 16, 2026

Keybanc's Call on Atlassian Corporation

Keybanc maintained its Overweight stance on the stock while significantly lifting its price target to $235 from $185. The firm's forward-looking opinion signals a constructive view of the company's business outlook in the application software sector.

Other Institutional Activity in Atlassian Corporation

DnB Asset Management AS grew its holdings by 1752898 shares, ending with 9830768 shares worth about $2077142904.0. AQR Capital Management, LLC grew its holdings by 4672944 shares, ending with 8822984 shares worth about $1864208230.0. GQG Partners LLC grew its holdings by 3829206 shares, ending with 7658413 shares worth about $1618146031.0. Pictet Asset Management Holding SA grew its holdings by 442756 shares, ending with 5474077 shares worth about $1156617692.0. Ameriprise Financial, Inc. grew its holdings by 2921000 shares, ending with 3772852 shares worth about $797165873.0.

Atlassian Corporation Stock Up 3.1%

Atlassian shares recently traded around $211.03, sitting just below their 52-week high of $217.17. The stock trades well above its 50-day moving average of $179.96 and its 200-day moving average of $113.95.

Recent Earnings

Atlassian reported trailing-twelve-month revenue of $6.57 billion alongside a trailing-twelve-month EPS of -$0.21. The company posted a net margin of -0.8% and a return on equity of -4.5%. Its next earnings report is scheduled for November 5, 2026.

Insider Buying and Selling at Atlassian Corporation

Company insiders executed several transactions prior to the rating update. Officer Brian Duffy sold 1851 shares valued at $319204.0 on August 19, 2026. Chief Financial Officer James Chuong sold 9054 shares valued at $1561377.0 on August 19, 2026. Officer Gene Liu sold 939 shares at $190.0 per share for a total of $178410.0 on August 28, 2026, and later sold 337 shares under a planned trading program at $210.0 per share for a total of $70770.0 on October 12, 2026.

Analysts Set New Price Targets

On October 12, 2026, RBC Capital maintained an Outperform rating with a target of $235, moving up from $215. On October 13, 2026, Barclays maintained an Overweight rating, raising its target to $222 from $172. On October 14, 2026, Wells Fargo maintained an Overweight rating, lifting its target to $230 from $180. On October 15, 2026, Mizuho maintained an Outperform rating, increasing its target to $235 from $215. Overall, 31 analysts cover the stock, resulting in a consensus buy recommendation and a mean price target of $212.01.

About Atlassian Corporation

Atlassian Corporation creates collaboration software that helps organizations connect teams through systems designed to increase workplace productivity. Its portfolio features well-known workplace tools such as Jira, Confluence, Loom, Trello, and Bitbucket, serving customers around the globe.

Bottom Line

Investors will look toward Atlassian's upcoming earnings release on November 5, 2026, for further updates on financial performance and product growth.