Canaccord Genuity analyst David Hynes maintained a Buy rating on Atlassian (NASDAQ:TEAM) on Friday, setting a price target of $260, which is approximately 14.53% above the present share price of $227.02.
Hynes expects Atlassian to post earnings per share (EPS) of -$0.09 for the first quarter of 2021.
The current consensus among 12 TipRanks analysts is for a Moderate Buy rating of shares in Atlassian, with an average price target of $253.3.
The analysts price targets range from a high of $350 to a low of $185.
In its latest earnings report, released on 09/30/2020, the company reported a quarterly revenue of $459.51 million and a net profit of $11.93 million. The company's market cap is $56.57 billion.
According to TipRanks.com, Canaccord Genuity analyst David Hynes is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 38.7% and a 81.25% success rate.
Atlassian Corp. Plc is a holding company, which engages in the design, development, license, and maintenance of software and provision software hosting services. Its products include JIRA software, align, core, and Service Desk, Confluence, Trello, Bitbucket, Sourcetree, bamboo, opsgenie, and statuspage. The company was founded by Michael Cannon-Brookes and Scott Farquhar in 2002 and is headquartered in London, the United Kingdom.