Atlassian Corporation Plc ($TEAM) Stock Forecast: Down 8.9% Today

What is Atlassian Corporation Plc?

Atlassian Corporation Plc (NASDAQ: TEAM) is a leading provider of team collaboration and productivity software, known for products like Jira and Confluence. The company has a strong presence in the tech industry and is closely followed by analysts and investors.

Why is Atlassian Corporation Plc going down?

TEAM stock is down 8.9% on May 2, 2025 19:05

• Atlassian (TEAM) reported strong third-quarter revenue, beating analyst estimates, which led to positive market sentiment.
• The stock experienced a bearish movement due to the company issuing weaker-than-expected sales guidance for the fourth quarter, causing concerns among investors.
• The discrepancy between the better-than-expected results and the soft Q4 guidance likely led to a sell-off as investors reevaluated the growth prospects of the company.
• The market reaction indicates that while Atlassian continues to perform well, the cautious outlook for future sales has overshadowed its current success, prompting a bearish trend in the stock price.

TEAM Price Chart

TEAM Technical Analysis

TEAM News

These Analysts Cut Their Forecasts On Atlassian After Q3 Results - Atlassian ( NASDAQ:TEAM )

Atlassian Corp TEAM posted upbeat fiscal third-quarter results but issued weak sales guidance for the fourth quarter on Thursday. Atlassian reported third-quarter revenue of $1.36 billion, beating analyst estimates of $1.35 billion.

https://www.benzinga.com/25/05/45175578/these-analysts-cut-their-forecasts-on-atlassian-after-q3-results

Atlassian Stock Tanks On Q3 Earnings As Soft Q4 Guidance Overshadows Better-Than-Expected Results - Atlassian ( NASDAQ:TEAM )

Atlassian reports third-quarter revenue of $1.36 billion, beating analyst estimates of $1.35 billion. Atlassian expects fourth-quarter revenue in the range of $1.35 billion to $1.36 billion versus estimates of $1.42 billion.

https://www.benzinga.com/news/earnings/25/05/45155112/atlassian-stock-tanks-on-q3-earnings-as-soft-q4-guidance-overshadows-better-than-expected-results

Ahead of Atlassian ( TEAM ) Q3 Earnings: Get Ready With Wall Street Estimates for Key Metrics

Besides Wall Street's top -and-bottom-line estimates for Atlassian (TEAM), review projections for some of its key metrics to gain a deeper understanding of how the company might have fared during the quarter ended March 2025.

https://www.zacks.com/stock/news/2456685/ahead-of-atlassian-team-q3-earnings-get-ready-with-wall-street-estimates-for-key-metrics

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Atlassian Corporation Plc Price History

16.07.2024 - TEAM Stock was up 5.1%

• TEAM's bullish movement today could be attributed to the overall positive sentiment towards AI stocks in the market.
• The resilience of AI stocks despite a recent market selloff is highlighted, emphasizing the strength of the AI industry.
• The mention of strong corporate earnings in the AI sector suggests that investors are optimistic about the future growth potential of companies like TEAM.
• Investors may be seizing the opportunity to buy the dip in AI stocks, contributing to the bullish movement of TEAM's stock.

29.07.2024 - TEAM Stock was up 5.0%

• The bullish movement in TEAM's stock could be attributed to the positive sentiment surrounding the company despite recent stock sales by Atlassian co-CEO Cannon-Brookes.
• Investors may interpret the stock sale as a strategic financial decision by the co-CEO rather than a cause for concern about the company's performance.
• Market focus likely remained on Atlassian's overall performance and growth potential, driving the uptick in the stock price.
• The event may have reinforced confidence in the company's leadership and financial standing, bolstering positive market sentiment towards TEAM.

31.00.2025 - TEAM Stock was up 20.8%

• Atlassian (TEAM) reported better-than-expected financial results for the fiscal second quarter, with revenue of $1.29 billion, surpassing analyst estimates.
• The strong earnings report, including beating analyst estimates for both revenue and adjusted earnings per share, likely contributed to the bullish movement in TEAM stock.
• The market reacted positively to Atlassian's strong guidance, focus on AI enhancements, and increased adoption of cloud-based offerings, indicating investor confidence in the company's growth prospects.
• Overall, Atlassian's solid performance in the face of macro headwinds showcases its resilience and ability to leverage technology trends to drive success in the market, leading to the bullish movement in its stock.

02.04.2025 - TEAM Stock was down 8.9%

• Atlassian (TEAM) reported strong third-quarter revenue, beating analyst estimates, which led to positive market sentiment.
• The stock experienced a bearish movement due to the company issuing weaker-than-expected sales guidance for the fourth quarter, causing concerns among investors.
• The discrepancy between the better-than-expected results and the soft Q4 guidance likely led to a sell-off as investors reevaluated the growth prospects of the company.
• The market reaction indicates that while Atlassian continues to perform well, the cautious outlook for future sales has overshadowed its current success, prompting a bearish trend in the stock price.

02.04.2025 - TEAM Stock was down 10.2%

• Atlassian reported better-than-expected third-quarter revenue, which initially should have been a positive catalyst for the stock.
• However, the soft fourth-quarter guidance below analyst estimates likely caused investor concerns and led to the bearish movement in the stock.
• The discrepancy between the strong performance in the third quarter and the cautious outlook for the fourth quarter may have raised questions about the company's future growth prospects, prompting investors to sell off the stock.
• Investors might be waiting for more clarity on the factors impacting Atlassian's performance in the upcoming quarter before reevaluating their positions in the stock.

01.10.2024 - TEAM Stock was up 15.2%

• Atlassian (TEAM) reported strong fiscal first-quarter financial results, surpassing revenue and EPS estimates, leading to a positive movement in the stock.
• The company's emphasis on advancing AI technology, highlighted in the latest financial update, likely bolstered investor confidence in Atlassian's future growth prospects.
• Investors reacted favorably to the earnings beat, illustrating their approval of Atlassian's consistent financial performance and innovation in the AI field, which propelled the stock price upwards.

01.10.2024 - TEAM Stock was up 19.3%

• Atlassian (TEAM) stock saw a strong bullish movement today following its first-quarter fiscal 2025 earnings report.
• The company reported impressive financial results, with revenue beating estimates at $1.19 billion and earnings per share (EPS) coming in at 77 cents, surpassing expectations.
• Analysts and investors were particularly pleased with the robust paid seat expansion, growing average revenue per user (ARPU), and strong migrations, indicating a positive outlook for the company's future growth prospects.
• The upbeat sales view and the company's focus on shipping AI technology further contributed to the bullish sentiment surrounding Atlassian (TEAM) today.

01.04.2025 - TEAM Stock was up 5.4%

• Atlassian (TEAM) likely saw a rise in stock price today due to positive market sentiment and expectations of robust Q3 earnings.
• Investors seem optimistic about Atlassian's outlook, as reflected in Wall Street predictions for key metrics, pointing towards potential growth and profitability.
• The market movement may also be fueled by growing demand for Atlassian's products and services, driven by the ongoing need for remote work and digital collaboration in today's business landscape.

19.02.2025 - TEAM Stock was up 5.4%

• TEAM stock experienced a strong bullish movement today, potentially driven by positive sentiment surrounding its high-margin subscription-based model and cloud-based solutions.
• The mention of Atlassian alongside other tech giants like NVIDIA, Broadcom, Arista Networks, and Marvell Technology could have boosted investor confidence in the company's growth prospects.
• Highlighting Atlassian's worthiness for buying the dip despite recent stock plunges may have attracted bargain hunters and long-term investors looking to capitalize on the company's resilience and potential for future growth.
• The overall positive sentiment towards AI infrastructure companies, including Atlassian, in the market may have contributed to the bullish movement in TEAM stock as investors seek exposure to tech companies with strong upside potential.

31.00.2025 - TEAM Stock was up 17.3%

• Experienced a strong bullish movement today.
• Reported better-than-expected second-quarter earnings, with revenue beating analyst estimates and adjusted earnings per share surpassing expectations.
• Analysts have increased their forecasts for the company following the positive earnings report.
• The strong performance was attributed to robust paid seat expansion, growing ARPU, cross-selling of additional products, and strong migrations, indicating a positive outlook for the company's future growth.

05.07.2024 - TEAM Stock was up 5.1%

• Atlassian Corp (TEAM) had a strong bullish movement today following its Q4 2024 earnings report.
• The company reported strong revenue and customer growth, surpassing analyst expectations with earnings of 66 cents per share, higher than the estimated 60 cents per share.
• Despite challenges in the market, Atlassian remains confident in its ability to reach $10 billion in revenue, which has likely boosted investor confidence in the stock.
• The positive earnings report and the company's optimistic outlook have overshadowed any concerns raised by the soft guidance issued previously, leading to a surge in Atlassian's stock price.

02.03.2025 - TEAM Stock was up 5.4%

• TEAM experienced a bullish movement due to positive market sentiment towards IT service management providers.
• The comparison between ServiceNow and Atlassian may have sparked investor interest in TEAM, leading to increased buying activity.
• The mention of Agentic AI potentially favoring one of the companies could have influenced traders to bet on the future growth prospects of Atlassian.
• Overall, the bullish movement in TEAM could be attributed to growing optimism surrounding the ITSM sector and specific company evaluations.