Oppenheimer Raises Atlassian (TEAM) Price Target to $275
Key Points
- Oppenheimer maintained an Outperform rating on Atlassian Corporation while increasing its price target to $275.00 from $200.00 on October 22, 2026.
- Oppenheimer's $275 price target implies 22.46% upside from Atlassian Corporation's ($TEAM) current $224.56 share price.
- Atlassian shares recently traded around $224.56, sitting below their 52-week high of $227.36.
- Insider transactions leading up to the update included share sales by executives such as Chief Financial Officer James Chuong.
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On October 22, 2026, Oppenheimer maintained its Outperform rating on Atlassian Corporation [TEAM] while significantly raising its price target from $200.00 to $275.00. The research note from the firm highlights a strong positive stance on the software maker's upcoming outlook.
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Atlassian Corporation
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Oppenheimer's Call on Atlassian
On October 22, 2026, Oppenheimer maintained its Outperform rating on Atlassian Corporation and raised its price target to $275.00 from $200.00. Wall Street firms updated their targets leading up to the announcement. On October 19, 2026, Guggenheim maintained a buy rating and raised its price target from $165.00 to $280.00. Citigroup maintained a buy rating on October 20, 2026, lifting its target from $225.00 to $245.00. BTIG maintained a buy rating on October 20, 2026, raising its target from $230.00 to $260.00. Truist Securities maintained a buy rating on October 21, 2026, lifting its target from $185.00 to $250.00.
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 $2,201,895,374.00. AQR Capital Management, LLC grew its holdings by 4,672,944 shares, ending with 8,822,984 shares worth about $1,976,171,918.00. GQG Partners LLC grew its holdings by 3,829,206 shares, ending with 7,658,413 shares worth about $1,715,331,311.00. Pictet Asset Management Holding SA grew its holdings by 442,756 shares, ending with 5,474,077 shares worth about $1,226,083,743.00. SBI Securities reduced its holdings by 77,187 shares, ending with 3,192 shares worth about $572,294.00.
Atlassian Corporation Stock Up 1.6%
Atlassian shares recently traded around $224.56 as of October 22, 2026, up about 0.3% from their event-day close of $223.98. The stock trades 1.2% below its 52-week high of $227.36 and well above its 52-week low of $56.01. The company has a market capitalization of roughly $57.08 billion.
$TEAM price target
Atlassian Corporation daily closes and this analyst's $275 target. Not advice.
Recent Earnings
Atlassian generated trailing twelve month revenue of $6.57 billion alongside negative earnings per share of $0.21. The company reported a net profit margin of -0.8% and a return on equity of -4.5%. The next earnings release is scheduled for November 5, 2026.
Insider Buying and Selling at Atlassian Corporation
Insiders completed several transactions prior to the analyst update. On August 19, 2026, officer Brian Duffy sold 1,851 shares for a total value of $319,204.00. On the same day, Chief Financial Officer James Chuong sold 9,054 shares for a total value of $1,561,377.00. Officer Gene Liu sold 939 shares at an average price of $190.00 for a total value of $178,410.00 on August 28, 2026, and later sold 337 shares at an average price of $210.00 for a total value of $70,770.00 on October 12, 2026.
About Atlassian Corporation
Atlassian Corporation provides collaboration software that enables organizations to connect teams through a system of work that unlocks productivity at scale worldwide. The company's product portfolio includes Jira, Confluence, Loom, Jira Service Management, Rovo, Bitbucket, Compass, Jira Product Discovery, Focus, Talent, Trello, and Guard. Headquartered in Sydney, Australia, Atlassian serves a large global customer base across the technology sector.
Bottom Line
Investors will look ahead to Atlassian's upcoming earnings report on November 5, 2026, to gauge whether the company's financial results support the higher price targets issued by Oppenheimer and other major Wall Street firms.
Related Filing Alerts
Source: Oppenheimer's rating change on $TEAM (Oct 22, 2026). Written by software, not financial advice. How we make alerts