Wells Fargo (NYSE:WFC) analyst Michael Turrin maintained a Buy rating on Atlassian (NASDAQ:TEAM) on Friday, setting a price target of $325, which is approximately 21.82% above the present share price of $266.79.
Turrin expects Atlassian to post earnings per share (EPS) of $0.64 for the third quarter of 2021.
The current consensus among 10 TipRanks analysts is for a Moderate Buy rating of shares in Atlassian, with an average price target of $298.5.
The analysts price targets range from a high of $370 to a low of $240.
In its latest earnings report, released on 03/31/2021, the company reported a quarterly revenue of $568.73 million and a net profit of $69.52 million. The company's market cap is $66.71 billion.
According to TipRanks.com, Wells Fargo analyst Michael Turrin is currently ranked with 3 stars on a 0-5 stars ranking scale, with an average return of 5.9% and a 59.09% 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.