Barclays Raises Atlassian (TEAM) Price Target to $222

Barclays has maintained its Overweight rating on Atlassian with a price target increase to $222 on October 13, 2026, a 8.29% upside from the current price.

By EarningsIQ Research Desk · Published Oct 16, 2026, 2:07 PM EDT

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Barclays raised its price target on Atlassian Corporation ($TEAM) to $222 from $172 on October 13, 2026, and rates the stock "Overweight".

Since the rating, $TEAM is down 0.1% to date (from the $208.04 close on Oct 13, 2026).

TEAM Atlassian Corporation

$207.82 +34.29% year to date

Daily close · Oct 16, 2026

Key Points

On October 13, 2026, Barclays reiterated its Overweight rating on Atlassian Corporation (TEAM) and raised its price target from $172 to $222.
Barclays's $222 price target implies 8.29% upside from Atlassian Corporation's ($TEAM) current $205 share price.
Atlassian shares recently traded around $205, which is about 7.7% below the new analyst target and approximately 5.6% below its 52-week high of $217.17.
The company's next earnings report is set for November 5, 2026, following a year-over-year revenue growth of 27.6%.

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Barclays has reiterated its Overweight rating on Atlassian Corporation (TEAM) and raised its price target from $172 to $222 on October 13, 2026. The firm believes the company's prospects are strong, as reflected in this adjustment.

Other Institutional Activity in Atlassian Corporation

Several other institutional investors have also shown interest in Atlassian. BlackRock Inc. increased its holdings by 1,204,004 shares, bringing its total to 12,747,664 shares valued at about $2.65 billion. DnB Asset Management AS raised its stake by 1,752,898 shares, now holding 9,830,768 shares worth roughly $2.04 billion. AQR Capital Management, LLC significantly boosted its position by 4,672,944 shares, totaling 8,822,984 shares valued at around $1.83 billion. GQG Partners LLC added 3,829,206 shares, ending with 7,658,413 shares worth about $1.59 billion.

Atlassian Corporation Stock Up 0.2%

Atlassian shares recently traded at $205, which is above its 50-day moving average of $179.96 and its 200-day average of $113.95, indicating strong performance. However, the stock is about 7.7% below the new analyst price target and 5.6% under its 52-week high of $217.17.

12-month forecast

$TEAM price target

Atlassian Corporation daily closes and this analyst's $222 target. Not advice.

Recent Earnings

Atlassian reported a trailing twelve-month revenue of approximately $6.57 billion, with a year-over-year revenue growth of 27.6%. The company is currently facing challenges with 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

Recent insider activity includes sales by several executives. On August 19, Officer Brian Duffy sold 1,851 shares, totaling around $319,204. Chief Financial Officer James Chuong sold 9,054 shares on the same day, valued at approximately $1.56 million. Additionally, Gene Liu, another officer, sold 939 shares at $190 each on August 28, totaling about $178,410, and 337 shares at $210 each on October 12, worth roughly $70,770.

Analysts Set New Price Targets

On October 13, 2026, Barclays maintained its Overweight rating on Atlassian with a new price target of $222. Earlier, on October 12, 2026, RBC Capital also maintained an Outperform rating with a target of $235. Other firms like BTIG and Cantor Fitzgerald have also reiterated their positive outlooks, with targets of $230 and $220, respectively.

About Atlassian Corporation

Atlassian Corporation, headquartered in Sydney, NSW, develops collaboration software designed to enhance productivity for organizations. Its key products include Jira, Confluence, and Trello, which help teams connect and work more efficiently. The company's strong revenue growth reflects its significant role in the software industry, particularly in providing tools for remote and hybrid work environments.

Bottom Line

Investors will be watching Atlassian closely as it prepares for its next earnings report on November 5, 2026. With Barclays' recent target increase, the market will likely respond to how the company continues to perform against its ambitious growth metrics.