Atlassian Corp Plc (NASDAQ:TEAM) is seeing a significant rise in its stock price, thanks to strong cloud revenue growth and a growing number of users adopting its software tools.
Atlassian stock is up 3.05% today, closing at CA$197.88. This increase follows the company’s impressive fourth-quarter fiscal 2026 results, which highlighted robust growth in its cloud business.
Investor takeaway: Investors are optimistic about Atlassian's strong cloud revenue growth and the company’s strategic focus on expanding its customer base and improving its product offerings.
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Atlassian Corp Plc
TEAM.US
TEAM.US
Atlassian Corp Plc
WealthAwesomeMarket cap
$44.54B
52W high
$200.00
52W low
$56.01
1W change
-8.09%
Beta
1.16
Analyst Price Targets
Based on 33 analysts covering TEAM · as of Sep 30, 2026
Wall Street analysts forecast TEAM stock price to rise 14.6% over the next 12 months.
Consensus
Buy4.36 / 5.00
Avg. Target
C$205.39
+14.6% Upside
Previously C$203.94 on Sep 28, 2026
Current Price
C$179.29
Last close
Analyst Breakdown (33 analysts)
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TEAM's historical volatility
30-Day Vol
56.9%
Annualized
90-Day Vol
85.9%
Annualized
Trend (90d)
+50.0%
Annualized drift
90d Mean
C$214.34
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$190.29 | C$156.38 – C$231.55 |
| 60 trading days | C$201.96 | C$153.01 – C$266.56 |
| 90 trading days | C$214.34 | C$152.57 – C$301.12 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Cloud revenue growth of 31% year-over-year
Atlassian's cloud business generated $1.2 billion in revenue in Q4 FY2026, significantly contributing to its overall revenue growth of 28%, totaling $1.8 billion.
Bull case
The company’s cloud revenues grew by 31% year over year, reflecting strong demand for its services, especially in Teamwork and Service Collections. This growth is bolstered by the increasing use of AI and automation across various departments.
Bear case
Despite this positive trend, Atlassian faces challenges in maintaining its growth rates. Analysts project that subscription ARR growth will decline from 23% in fiscal 2026 to 18% in fiscal 2027 due to economic uncertainties.
Strong Cloud Growth Drives Revenue
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Atlassian's cloud business has been a key driver of its revenue growth, with a 31% year-over-year increase in cloud revenues, reaching $1.2 billion in the fourth quarter of fiscal 2026. This performance is supported by strong cross-selling opportunities and expanding seat counts among existing customers, along with a broader consolidation of collaboration tools onto Atlassian's platform.
Adoption of AI Enhances Product Offerings
The company is seeing increased adoption of its AI-driven tools, particularly in its Service Collection, where revenue growth has accelerated due to the rising use of AI and automation. Atlassian's efforts to integrate AI into its offerings are positioning it well in a competitive landscape, as organizations look to boost productivity and streamline operations.
Future Growth Prospects Amid Challenges
While Atlassian has shown impressive growth, analysts warn that sustaining this momentum may be difficult. The company expects a decline in subscription ARR growth for fiscal 2027, reflecting broader economic uncertainties. However, ongoing cloud adoption and cross-selling opportunities could help maintain solid revenue growth as Atlassian expands its enterprise customer base.
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