Truist Securities Raises Atlassian (TEAM) Price Target to $250
Key Points
- Truist Securities reiterated its Buy rating on Atlassian Corporation (TEAM) on October 21, 2026, while raising its price target to $250 from $185.
- Truist Securities's $250 price target implies 10.85% upside from Atlassian Corporation's ($TEAM) current $225.53 share price.
- DnB Asset Management AS grew its holdings by 1,752,898 shares, ending with 9,830,768 shares worth about $2.22 billion.
- Atlassian Corporation recently traded around $226.18, sitting well above its 200-day moving average of $114.70.
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Truist Securities maintained its Buy rating on Atlassian Corporation (TEAM) on October 21, 2026, and raised its price target to $250 from $185. The research note was published as shares of the collaboration software maker changed hands near recent highs.
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Truist Securities's Call on Atlassian Corporation
In its research note on October 21, 2026, Truist Securities maintained its Buy rating on Atlassian Corporation and lifted its price target from $185 to $250. The firm's updated target sits above the stock's recent trading level of $226.18 on October 21, 2026, when the stock closed at $225.70.
Other Institutional Activity in Atlassian Corporation
Institutional investors have been actively adjusting their positions in the software maker. DnB Asset Management AS grew its holdings by 21.7%, adding 1,752,898 shares to end with 9,830,768 shares worth about $2.22 billion as of June 30, 2026. AQR Capital Management, LLC lifted its stake by 112.6%, adding 4,672,944 shares for a total of 8,822,984 shares valued at roughly $1.99 billion. GQG Partners LLC doubled its investment with a 100.0% increase, acquiring 3,829,206 shares to hold 7,658,413 shares worth about $1.73 billion. Pictet Asset Management Holding SA grew its holdings by 8.8%, adding 442,756 shares to finish with 5,474,077 shares valued at roughly $1.24 billion. Ameriprise Financial, Inc. raised its stake by 342.9%, adding 2,921,000 shares to end with 3,772,852 shares worth about $851.5 million.
Atlassian Corporation Stock Up 8.5%
Atlassian Corporation recently traded around $226.18, up about 0.2% from its October 21, 2026 close of $225.70. The shares trade well above their 200-day moving average of $114.70 and sit near the company's 52-week high of $223.70.
$TEAM price target
Atlassian Corporation daily closes and this analyst's $250 target. Not advice.
Recent Earnings
Atlassian Corporation reported trailing-twelve-month revenue of $6.57 billion alongside negative earnings per share. The company's next earnings report is scheduled for November 5, 2026.
Insider Buying and Selling at Atlassian Corporation
Company insiders completed several transactions ahead of the analyst update, including sales by officer Gene Liu and officer Brian Duffy across August and October 2026.
Analysts Set New Price Targets
Wall Street firms have updated their outlooks on the stock ahead of Truist's note. Guggenheim maintained its Buy rating on October 19, 2026, raising its target to $280 from $165. Keybanc maintained an Overweight rating on October 19, 2026, lifting its target from $185 to $235. Citigroup maintained a Buy rating on October 20, 2026, raising its target to $245 from $225. BTIG maintained a Buy rating on October 20, 2026, raising its target to $260 from $230. Consensus analyst opinion stands at a buy, with a mean price target of $218.78 across 31 analysts.
About Atlassian Corporation
Atlassian Corporation builds collaboration software used by organizations to connect teams and manage projects. Its product lineup includes widely used tools like Jira, Confluence, Trello, and Bitbucket. Institutional interest remains high as enterprises adopt these productivity platforms.
Bottom Line
Truist Securities joins a growing group of firms adjusting price targets higher on Atlassian Corporation. Investors will look toward the company's upcoming earnings release on November 5, 2026, for further updates on financial performance and software adoption trends.
Related Filing Alerts
Source: Truist Securities's rating change on $TEAM (Oct 21, 2026). Written by software, not financial advice. How we make alerts