RBC Capital Raises Atlassian (TEAM) Price Target to $235

RBC Capital reiterated its Outperform rating on Atlassian Corporation (NASDAQ: TEAM) on October 12, 2026, and increased its price target from $215 to $235. This adjustment reflects the firm's continued confidence in Atlassian's growth potential in the software industry.

RBC Capital's Call on Atlassian

RBC Capital maintains its Outperform rating on Atlassian Corporation while raising its price target to $235 from $215. This change highlights the firm's optimistic outlook despite the stock's recent trading price of $205, which is 12.8% below the new target.

Other Institutional Activity in Atlassian

Several other funds have shown interest in Atlassian. Blackrock Inc. holds 12,747,664 shares, valued at about $2.65 billion, after increasing its stake by 1,204,004 shares, a 10.4% rise. Vanguard Portfolio Management LLC has 9,968,285 shares worth approximately $2.07 billion, with a slight increase of 74,206 shares, up 0.8%. DnB Asset Management AS also added 1,752,898 shares, bringing its total to 9,830,768 shares valued at around $2.04 billion, marking a 21.7% increase. AQR Capital Management, LLC increased its holdings by 4,672,944 shares, totaling 8,822,984 shares worth about $1.83 billion, which is a significant 112.6% increase. GQG Partners LLC grew its position by 3,829,206 shares, ending with 7,658,413 shares valued at approximately $1.59 billion, reflecting a 100% increase.

Atlassian Corporation Stock Up 0.2%

As of October 16, 2026, Atlassian's stock trades around $205, which is above its 50-day moving average of $179.96 and 79.9% above its 200-day average of $113.95. However, it is still 5.6% below its 52-week high of $217.17 and 266% above its 52-week low of $56.01. This positioning suggests that the stock has been performing well relative to its long-term averages.

Recent Earnings

Atlassian reported trailing twelve-month revenue of $6.57 billion, with a year-over-year revenue growth of 27.6%. However, the company has negative metrics with a net margin of -0.8% and a return on equity of -4.5%. The next earnings report is set for November 5, 2026.

Insider Buying and Selling at Atlassian Corporation

Recently, several insiders sold shares of Atlassian. On August 19, Officer Brian Duffy sold 1,851 shares valued at about $319,204. Chief Financial Officer James Chuong sold 9,054 shares for approximately $1.56 million on the same day. Additionally, Officer Gene Liu sold 337 shares at $210 each for about $70,770 on October 12, 2026.

Analysts Set New Price Targets

On October 12, 2026, RBC Capital maintained its Outperform rating and raised its price target to $235 from $215. Other analysts have also recently maintained their ratings, including Citigroup, which has a target of $225, and BTIG, with a target of $230.

About Atlassian Corporation

Atlassian Corporation, headquartered in Sydney, NSW, specializes in collaboration software that helps teams work together more effectively. Its products include popular tools like Jira and Confluence, which are widely used in project management and team collaboration.

Bottom Line

Investors should keep an eye on Atlassian's upcoming earnings report on November 5, 2026, as well as any further updates from analysts. RBC Capital's recent target increase reflects a strong belief in the company's growth trajectory despite current market conditions.