Canaccord Genuity analyst David Hynes maintained a Buy rating on Atlassian (NASDAQ:TEAM) on Friday, setting a price target of $275, which is approximately 20.55% above the present share price of $228.12.
Hynes expects Atlassian to post earnings per share (EPS) of -$2.49 for the second quarter of 2021.
The current consensus among 9 TipRanks analysts is for a Strong Buy rating of shares in Atlassian, with an average price target of $288.14.
The analysts price targets range from a high of $350 to a low of $270.
In its latest earnings report, released on 12/31/2020, the company reported a quarterly revenue of $501.36 million and a net profit of $27.71 million. The company's market cap is $57.04 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 34.4% and a 78.50% success rate.
Founded in 2002, Atlassian Corporation Plc is an Australian software company that develops products for software developers and project managers. Its products include JIRA, Confluence, Trello, Bitbucket, Jira Service Deak, Jira Align (NASDAQ:ALGN), Atlassian Access, Crowd, Crucible, Fisheye, Jira Portfolio, Sourcetree, Bamboo, Opsgenie, and Statuspage.