Atlassian Stock Is Down 76% But 25 Analysts Still Call It a Buy

Widely known for its project management software, Atlassian ( NASDAQ:TEAM ) shares have collapsed 57.6% year-to-date and 75.9% over the past year, landing near 2018 price levels despite a business that looks nothing like it did eight years ago.

24/7 Wall Street • 3 hours ago

Why Atlassian Stock Just Popped

Jefferies analyst Brent Thill thinks it's time to buy Atlassian stock. AI could be more of an opportunity than a threat for Atlassian.

The Motley Fool • 9 hours ago

INVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation - TEAM

NEW YORK, Feb. 24, 2026 (GLOBE NEWSWIRE) -- Pomerantz LLP is investigating claims on behalf of investors of Atlassian Corporation (“Atlassian” or the “Company”) (NASDAQ: TEAM).  Such investors are advised to contact Danielle Peyton at [email protected]  or 646-581-9980, ext. 7980.

GlobeNewsWire • 4 hours ago

Atlassian: This Is Not 2016 Anymore

Atlassian faces severe YTD underperformance, down 53%, despite accelerating Q2 FY26 revenue growth, backlog, and improved net retention rates. TEAM's AI-driven Collections and “System of Work” strategies have not yet offset rising commoditization risks in the Agentic AI era as the software tech stack gets rewritten. Consensus estimates point to declining forward revenue and earnings growth, with markets awaiting evidence of stable retention and backlog before a potential re-rating can occur.

Seeking Alpha • Feb 23, 2026

Why software stocks lost more than $200 billion in market cap today

Artificial-intelligence fears have dogged the software sector this year — and the pressure continued on Monday with renewed intensity.

Market Watch • Feb 23, 2026

SaaS Stocks Buried In AI Blizzard: Atlassian, Salesforce Hit 52-Week Lows

While Wall Street, New York City and much of the northeastern U.S. are under a blizzard warning, one might say that the software industry is currently navigating a “SaaS-pocalypse.”

Benzinga • Feb 23, 2026

Atlassian: One Of The Biggest Casualties Of The SaaS-Pocalypse

Atlassian has been one of the biggest casualties of what is now called the SaaS-pocalypse, and it is precisely why I decided to look into it. We are not even two months into 2026 and Atlassian's stock is already down by more than 50% on a year-to-date basis. Despite a share price under significant pressure, Atlassian reported its highest top-line growth in six quarters, which is something I was not expecting given current market sentiment.

Seeking Alpha • Feb 21, 2026

'Dramatic downside' risk in some software stocks still, says VantageRock's Avery Sheffield

AverySheffield, Vantage Rock, joins 'Closing Bell' to talk the state of software stocks and the impact of today's tariff ruling.

CNBC Television • Feb 20, 2026

Atlassian: Trust Growth Acceleration And RPO Buildup (Upgrade)

Atlassian is upgraded to a "Strong Buy" as recent stock declines are driven by sentiment, not deteriorating fundamentals. TEAM demonstrates accelerating revenue growth, with Q2 revenue up 23% y/y and RPO (backlog) surging 44% y/y to $3.8 billion. Gross margins remain in the high 80%s, and pro forma operating margins rose to 27%, supporting a Rule of 40 score of 50.

Seeking Alpha • Feb 19, 2026

Atlassian names LinkedIn veteran James Chuong as CFO

Atlassian on Wednesday named James Chuong as its new chief financial officer, effective March 30, taking over the reins from Joe Binz.

Reuters • Feb 18, 2026