William Blair analyst Arjun Bhatia has maintained their bullish stance on TEAM stock, giving a Buy rating on April 6.
Arjun Bhatia has given his Buy rating due to a combination of factors that highlight Atlassian’s potential for long-term growth. The company has made significant investments in its cloud platform, which have resulted in an increased pace of innovation and product development. Recent announcements at the Team ’25 conference showcased new offerings in areas such as customer service, HR service management, and IT asset management, demonstrating Atlassian’s commitment to broadening its platform and entering new workflows.
Furthermore, Atlassian’s advancements in AI capabilities with Rovo Dev Agents are expected to enhance developer productivity, which is a crucial factor for attracting more enterprises to the cloud. The introduction of product bundling with Atlassian Teamwork and strategic pricing strategies, such as making Rovo free for existing users of Jira, Confluence, and JSM, while charging a nominal fee for non-Atlassian users, further supports the company’s growth strategy. Despite a recent decline in stock value, these strategic moves position Atlassian well for future success, reinforcing Bhatia’s confidence in a Buy rating.
In another report released on April 6, Jefferies also maintained a Buy rating on the stock with a $262.00 price target.