Mizuho Raises Atlassian (TEAM) Price Target to $235
Mizuho has reaffirmed its Outperform rating on Atlassian, raising its price target to $235, a 13.01% upside from the current price.
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Mizuho raised its price target on Atlassian Corporation ($TEAM) to $235 from $215 on October 15, 2026, and rates the stock "Outperform".
Since the rating, $TEAM is down 4.3% to date (from the $217.12 close on Oct 15, 2026).
TEAM
Atlassian Corporation
Key Points
- On October 15, 2026, Mizuho reiterated its Outperform rating on Atlassian Corporation (TEAM) and increased its price target from $215 to $235.
- Mizuho's $235 price target implies 13.01% upside from Atlassian Corporation's ($TEAM) current $207.95 share price.
- The stock recently traded around $205.86, which is about 12.4% below Mizuho's new target price.
- Atlassian's next earnings report is scheduled for November 5, 2026, providing a timely opportunity for investors to assess its financial performance.
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Not investment advice. EarningsIQ is not a registered investment adviser, and this automated Atlassian Corporation alert may contain errors. Disclosures
Mizuho has reaffirmed its Outperform rating on Atlassian Corporation (TEAM) on October 15, 2026, and raised its price target from $215 to $235. The stock recently traded at $205.86, indicating it is about 12.4% below the new target price set by Mizuho.
Mizuho vs. the S&P 500
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Other Institutional Activity in Atlassian
Several other institutional investors are also holding significant stakes in Atlassian. Blackrock Inc. has 12,747,664 shares worth about $2.65 billion after a 10.4% increase in its holdings. Vanguard Portfolio Management LLC holds 9,968,285 shares valued at approximately $2.07 billion, having added 74,206 shares. DnB Asset Management AS increased its stake by 1,752,898 shares, now owning 9,830,768 shares worth about $2.04 billion. AQR Capital Management, LLC has 8,822,984 shares, up 4,672,944 shares, valued at around $1.83 billion. GQG Partners LLC also grew its position by 3,829,206 shares, now holding 7,658,413 shares worth about $1.59 billion.
Atlassian Corporation Stock Up 1.6%
Atlassian's stock is currently trading at $205.86 as of October 16, 2026. This price is above its 50-day moving average by 14.4% and well above its 200-day moving average by 80.7%. However, it is about 5.2% below its 52-week high of $217.17 and significantly above its 52-week low of $56.01.
$TEAM price target
Atlassian Corporation daily closes and this analyst's $235 target. Not advice.
Recent Earnings
Atlassian reported trailing twelve-month revenue of approximately $6.57 billion, reflecting a year-over-year growth of 27.6%. However, the company has a net margin of -0.8% and a return on equity of -4.5%. The next earnings report is set for November 5, 2026, which will provide further insights into its financial health.
Insider Buying and Selling at Atlassian Corporation
Several insiders have sold shares recently. Brian Duffy, an officer, sold 1,851 shares on August 19, 2026, valued at about $319,204. Chief Financial Officer James Chuong sold 9,054 shares on the same day, totaling approximately $1.56 million. Gene Liu, also an officer, sold 939 shares at $190.00 on August 28, 2026, worth about $178,410. Liu sold an additional 337 shares at $210.00 on October 12, 2026, valued at around $70,770.
Analysts Set New Price Targets
On October 15, 2026, Mizuho maintained its Outperform rating on Atlassian with a new price target of $235, up from $215. Earlier, RBC Capital also maintained an Outperform rating with a target of $235, while Baird set a target of $245. Barclays and Wells Fargo also reaffirmed their positive outlooks with targets of $222 and $230, respectively.
About Atlassian
Atlassian Corporation is a technology company based in Sydney, NSW, that provides collaboration software aimed at enhancing productivity across teams. Its products include popular tools like Jira, Confluence, and Trello, which are widely used in various organizations to streamline workflows and improve team collaboration.
Bottom Line
Investors should keep an eye on Atlassian's upcoming earnings report on November 5, 2026, as it may provide critical insights into the company's performance and outlook. Mizuho's recent rating and target adjustment highlight the firm's confidence in Atlassian's potential, even as the stock trades below its new target price.
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Source: Mizuho's rating change on $TEAM (Oct 15, 2026). Written by software, not financial advice. How we make alerts