Jefferies (NYSE:JEF) analyst Brent Thill maintained a Hold rating on Atlassian (NASDAQ:TEAM) on Tuesday, setting a price target of $275, which is approximately 17.67% below the present share price of $334.02.
Thill expects Atlassian to post earnings per share (EPS) of -$0.85 for the third quarter of 2021.
The current consensus among 16 TipRanks analysts is for a Moderate Buy rating of shares in Atlassian, with an average price target of $327.75.
The analysts price targets range from a high of $400 to a low of $270.
In its latest earnings report, released on 06/30/2021, the company reported a quarterly revenue of $559.54 million and a net profit of -$7.53 million. The company's market cap is $83.53 billion.
According to TipRanks.com, Jefferies analyst Brent Thill is currently ranked with 5 stars on a 0-5 stars ranking scale, with an average return of 27.7% and a 74.40% 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.