Atlassian Corporation Plc (NASDAQ: TEAM) is a leading software company specializing in collaboration, project management, and software development tools. Its flagship products, such as Jira, Confluence, and Trello, empower teams to work efficiently and manage projects seamlessly across industries.
Key Takeaways:
- Atlassian’s stock price is expected to show steady growth over the next several decades
- Technological advancements and market expansion will likely drive the company’s value
- The company’s innovative product lineup positions it well for future success
Overview of Atlassian Corporation Plc
Atlassian Corporation Plc, established in 2002 by Mike Cannon-Brookes and Scott Farquhar, has grown from startup to a software industry leader. The company’s journey began with a $10,000 credit card debt and a vision to enhance team collaboration. Their initial offerings, Jira (2002) and Confluence (2004), quickly gained popularity among tech professionals.
Key Acquisitions:
- Trello (2017): Acquired for $425 million to enhance project management capabilities.
- OpsGenie (2018): Acquired for $295 million to improve incident management services.
- Agilecraft (2019): Acquired for $166 million to bolster agile project management solutions.
- Loom (2023): Announced acquisition for approximately $975 million to integrate video messaging into collaboration tools.
Atlassian Corporation Plc Company Profile
| Country | Australia |
| Ticker Symbol | TEAM |
| Exchange | NASDAQ |
| Founded | 2002 |
| IPO Date | 2015 |
| Industry | Software |
| Sector | Technology |
| Employees | 12,157 |
| CEO | Michael Cannon-Brookes |
| Market Cap (September 20, 2024) | $42.41 billion |
| Website | Atlassian |
Atlassian Corporation Plc (TEAM) Balance Sheet Analysis
Atlassian Corporation Plc’s 2024 balance sheet shows robust growth, with total assets reaching $5.21 billion, up from $4.11 billion in 2023. Total liabilities increased to $4.18 billion, while equity doubled to $1.03 billion, indicating improved shareholder value.
The company maintains a solid liquidity position with $0.47 billion in working capital. However, net tangible assets remain negative at -$0.55 billion, suggesting significant intangible assets on the books.
Total debt held steady at $1.25 billion, demonstrating prudent financial management amidst expansion. The stable debt level, combined with growing assets and equity, points to a well-managed growth strategy.
Overall, Atlassian’s balance sheet reflects a company in a strong growth phase, although the increase in liabilities and negative tangible assets warrant ongoing attention to ensure long-term financial health.
Balance Sheet Data Source: finance.yahoo
Atlassian Corporation Plc Stock Price History
Atlassian Corporation Plc (NASDAQ: TEAM) had its IPO in the year 2015. Atlassian Corporation Plc (NASDAQ: TEAM) reached its all-time high stock price of $483.13 on October 29, 2021.
As of September 20, 2024, Atlassian’s stock price stands at $163.08.
TEAM Stock Price Forecast 2024
We expect the stock to show a growth of approximately 12% by the end of 2024, driven by the company’s strong product lineup and expanding market share.
Jira, Atlassian’s flagship project management tool, continues to gain traction among enterprise customers. The platform’s flexibility and scalability make it an attractive option for businesses of all sizes. Market sentiment towards Atlassian remains positive, with analysts citing the company’s consistent revenue growth and innovative product development as key factors influencing their ratings.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $142.86 | $182.65 | $219.18 |
TEAM Stock Price Forecast 2025
In 2025, Atlassian’s stock is projected to maintain its growth momentum. The company’s focus on cloud-based solutions and integration capabilities is likely to attract more enterprise customers. Our analysts project a growth rate of about 13% for the year.
Trello, Atlassian’s visual collaboration tool, sees increased adoption in non-technical teams, broadening the company’s user base. Its intuitive interface and versatility contribute to its popularity. The tool’s ability to integrate with other Atlassian products enhances its value proposition, potentially impacting the company’s earnings per share positively.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $195.33 | $206.39 | $247.67 |
TEAM Stock Price Forecast 2026
The year 2026 could see Atlassian further strengthening its position in the market. With the continued adoption of remote work practices, demand for collaboration tools is expected to rise. We forecast a growth rate of approximately 14% for this year.
Confluence, Atlassian’s collaborative workspace, experiences significant upgrades, enhancing its appeal to knowledge-based organizations. The platform’s improved search and organizational features drive user engagement. Atlassian’s focus on research and development spending correlates with increased product innovation, potentially influencing investor confidence and stock performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $222.68 | $235.28 | $282.34 |
TEAM Stock Price Forecast 2027
In 2027, Atlassian’s investments in artificial intelligence and machine learning may start to pay off, enhancing its product offerings. This could lead to increased customer retention and acquisition. Our analysis estimates a growth rate of around 15% for the year.
Bitbucket, Atlassian’s Git repository hosting service, sees increased integration with CI/CD tools, attracting more development teams. The platform’s enhanced collaboration features streamline code review processes. The company’s market capitalization may be positively affected by these technological advancements, as investors recognize the potential for long-term growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $256.08 | $270.57 | $324.68 |
TEAM Stock Price Forecast 2028
The year 2028 might see Atlassian expanding into new geographical markets, potentially driving significant growth. We project a growth rate of about 11% for this year, reflecting the company’s expanding global footprint.
Bamboo, Atlassian’s continuous integration and delivery server, gains popularity among enterprises seeking to automate their software development lifecycle. Its seamless integration with other Atlassian tools proves to be a key selling point. The company’s revenue growth may accelerate as a result of this expansion, potentially impacting its price-to-earnings ratio.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $284.25 | $300.33 | $360.40 |
TEAM Stock Price Forecast 2029
In 2029, Atlassian’s focus on integrating its various tools into a seamless ecosystem could result in increased customer loyalty and higher revenue per user. Our analysts anticipate a growth rate of approximately 12% for the year.
Jira Service Management evolves to become a comprehensive IT service management solution, competing effectively with established players in the market. Its user-friendly interface and integration capabilities drive adoption. The product’s success may contribute to Atlassian’s overall market share growth in the enterprise software sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $318.36 | $336.37 | $403.64 |
TEAM Stock Price Forecast 2030
As we enter the new decade, Atlassian’s position as a leader in the collaboration software market is likely to strengthen further. The company’s commitment to innovation and customer satisfaction could drive substantial growth. We forecast a growth rate of about 13% for 2030.
Statuspage, Atlassian’s tool for communicating service status, becomes an integral part of many organizations’ customer communication strategies. Its reliability and customization options make it a preferred choice for status updates. This trend aligns with the growing importance of clear communication in various sectors, similar to what we’ve seen in our Chevron stock forecast. The tool’s success may positively influence Atlassian’s brand value and customer satisfaction ratings.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $359.75 | $380.10 | $456.12 |
TEAM Stock Price Forecast 2031
In 2031, Atlassian may benefit from the increasing digitization of businesses across various sectors. The company’s diverse product portfolio could cater to a wide range of enterprise needs. Our analysis projects a growth rate of approximately 14% for this year.
Atlassian Access, the centralized administration tool, sees significant enhancements in security features, addressing growing concerns about data protection in cloud-based services. This focus on security may attract more risk-averse enterprise customers, potentially impacting Atlassian’s institutional ownership levels.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $410.12 | $433.31 | $519.97 |
TEAM Stock Price Forecast 2032
The year 2032 could see Atlassian leveraging emerging technologies to enhance its offerings further. This continuous innovation might lead to increased market share and higher valuations. We estimate a growth rate of around 15% for the year.
Jira Align (formerly AgileCraft) gains traction among large enterprises, facilitating better alignment between business strategy and software development efforts. Its ability to provide visibility across complex organizational structures proves valuable. The product’s success may contribute to Atlassian’s overall profit margin improvement.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $471.64 | $498.31 | $597.97 |
TEAM Stock Price Forecast 2033
In 2033, Atlassian’s long-term investments in research and development may yield significant returns. The company’s ability to adapt to changing market needs could drive substantial growth. Our analysts anticipate a growth rate of about 11% for this year.
Atlassian’s commitment to corporate responsibility resonates with investors and customers alike. The company’s efforts in promoting ethical business practices contribute to its positive image. This focus on corporate responsibility may positively influence Atlassian’s environmental, social, and governance (ESG) ratings, potentially attracting socially conscious investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $523.52 | $553.12 | $663.74 |
TEAM Stock Price Forecast 2034
As Atlassian celebrates its 32nd anniversary in 2034, the company’s mature product lines and established market presence could contribute to steady growth. We project a growth rate of approximately 12% for the year.
Atlassian’s developer tools ecosystem expands, offering a comprehensive suite of solutions for the entire software development lifecycle. This integrated approach strengthens the company’s position in the market. The expansion may lead to increased customer retention rates and higher average revenue per user.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $586.34 | $619.49 | $743.39 |
TEAM Stock Price Forecast 2035
In 2035, Atlassian’s focus on enterprise solutions and potential expansion into new tech domains could drive growth. The company’s ability to innovate and adapt to market changes may play a crucial role. Our analysis forecasts a growth rate of about 13% for this year.
Atlassian’s investment in artificial intelligence yields advanced predictive analytics features across its product line, enhancing decision-making capabilities for users and driving adoption rates. These AI-driven features may contribute to Atlassian’s competitive advantage in the market, much like how AI is shaping the future in our Snowflake stock prediction.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $662.56 | $700.02 | $840.02 |
TEAM Stock Price Forecast 2036
The year 2036 might see Atlassian benefiting from increased global adoption of digital collaboration tools. The company’s strong brand recognition and customer loyalty could contribute to steady growth. We estimate a growth rate of around 14% for the year.
Atlassian’s expansion into emerging markets pays off, with significant user growth in regions previously underserved by enterprise software solutions. Localization efforts and strategic partnerships drive this success. This geographical expansion may positively impact Atlassian’s revenue diversification and overall financial stability.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $755.32 | $798.02 | $957.62 |
TEAM Stock Price Forecast 2037
In 2037, Atlassian’s continuous improvements in user experience and product integration could lead to higher customer retention and acquisition rates. Our analysts project a growth rate of approximately 15% for this year.
Atlassian’s focus on accessibility features across its product line opens up new market segments, including government agencies and educational institutions with strict accessibility requirements. This expansion into new sectors may contribute to Atlassian’s overall market share growth and potentially influence its beta value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $868.62 | $917.72 | $1,101.26 |
TEAM Stock Price Forecast 2038
As Atlassian approaches its fourth decade of operation in 2038, the company’s established market position and diverse product portfolio may contribute to steady growth. We anticipate a growth rate of about 11% for the year.
Atlassian’s investment in quantum computing research begins to yield practical applications, potentially revolutionizing certain aspects of software development and project management. This cutting-edge technology focus may enhance Atlassian’s reputation as an innovator, potentially influencing analyst ratings and investor sentiment.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $964.17 | $1,018.67 | $1,222.40 |
TEAM Stock Price Forecast 2039
In 2039, Atlassian’s long-term strategies and potential new product lines could drive growth. The company’s ability to anticipate and meet evolving market needs may play a crucial role. Our analysis forecasts a growth rate of approximately 12% for this year.
Atlassian’s commitment to fostering a global developer community pays dividends, with a thriving ecosystem of third-party apps and integrations enhancing the value proposition of its core products. This ecosystem approach may contribute to increased customer lock-in and potentially impact Atlassian’s free cash flow positively.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $1,079.87 | $1,140.91 | $1,369.09 |
TEAM Stock Price Forecast 2040
As we enter the 2040s, Atlassian’s commitment to innovation and customer satisfaction could continue to drive growth. The company’s adaptability to technological advancements may be a key factor. We estimate a growth rate of around 13% for the year 2040.
Atlassian’s pioneering work in augmented reality collaboration tools opens up new dimensions in remote teamwork, setting new standards for distributed workforce management. This innovation may contribute to Atlassian’s market leadership position and potentially influence its price-to-sales ratio. Such technological advancements are becoming increasingly important across various industries, as we’ve noted in our Kellanova stock forecast. This innovation may contribute to Atlassian’s market leadership position and potentially influence its price-to-sales ratio.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $1,220.25 | $1,289.23 | $1,547.08 |
TEAM Stock Price Forecast 2050
Looking ahead to 2050, we project significant growth for Atlassian’s stock price. Over this extended period, the company is likely to have undergone multiple transformations, adapting to new technologies and market demands. Our long-term forecast puts the stock price at $6,100 by 2050, representing a compound annual growth rate (CAGR) of approximately 16.8% from 2040 to 2050.
Atlassian’s long-term vision and ability to adapt to changing technological landscapes position it as a key player in shaping the future of work and collaboration. The company’s products have become integral to how organizations operate and innovate. This enduring relevance may contribute to Atlassian’s long-term financial performance and stock price appreciation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $5,551.00 | $6,100.00 | $7,320.00 |
Conclusion
Our analysis of Atlassian Corporation Plc (NASDAQ: TEAM) stock price forecasts from 2024 to 2050 indicates a pattern of steady growth over the long term. We project the stock price to reach $6,100 by 2050, representing a significant increase over 26 years.
This growth is underpinned by several factors:
- Atlassian’s strong market position in the collaboration and development tools sector
- Continuous innovation and product development
- Expansion into new markets and technologies
- Increasing global adoption of digital collaboration tools
- The company’s ability to adapt to changing market needs
FAQs
1. What is the future of TEAM share price?
Based on our analysis, the future of Atlassian Corporation Plc (TEAM) share price appears promising. We project steady growth over the coming decades, with the stock price potentially reaching $6,100 by 2050. This represents a significant increase from its current price of $163.08 as of September 20, 2024. The company’s continued innovation in collaboration and development tools, expansion into new markets, and adaptation to emerging technologies are expected to drive this growth.
2. Is TEAM a good long-term stock?
TEAM shows strong potential as a long-term investment. The company’s diverse product portfolio, steady revenue growth, and commitment to innovation position it well for future success. Atlassian’s focus on cloud-based solutions and integration capabilities is likely to attract more enterprise customers over time. Additionally, the company’s ability to adapt to changing market needs and technological advancements suggests it could maintain its competitive edge in the long run.
3. What is the TEAM 10 year outlook?
The 10-year outlook for TEAM appears positive. Based on our projections, the stock price could reach approximately $1,289.23 by 2040, representing a compound annual growth rate (CAGR) of about 13% from 2024 to 2040. During this period, we expect Atlassian to continue expanding its product offerings, potentially entering new market segments and geographical regions. The company’s investments in artificial intelligence, machine learning, and other emerging technologies are likely to enhance its product value and market position.
4. Is TEAM a buy hold or sell?
Given the projected growth and positive long-term outlook, TEAM could be considered a “buy” or “hold” for investors with a long-term perspective. The company’s strong market position, consistent innovation, and potential for expansion suggest it may continue to deliver value to shareholders.
5. Who are the major competitors of TEAM?
The major competitors of Atlassian Corporation Plc (NASDAQ: TEAM) include:
- Microsoft Corporation (NASDAQ: MSFT): Microsoft offers collaboration tools like Teams and Azure DevOps, which compete with Atlassian’s Jira and Confluence platforms.
- ServiceNow, Inc. (NYSE: NOW): ServiceNow provides cloud-based workflow automation tools, with significant overlap in IT service management, similar to Atlassian’s Jira Service Management.
- Slack Technologies (NYSE: CRM): Owned by Salesforce, Slack is a popular collaboration and communication tool that competes with Atlassian’s Jira, Trello, and Confluence.
- Asana, Inc. (NYSE: ASAN): Asana offers project management and team collaboration software, competing directly with Atlassian’s Trello and Jira in task management.
- Smartsheet Inc. (NYSE: SMAR): Smartsheet focuses on work management and automation tools, overlapping with Atlassian’s project tracking and team management software like Jira and Confluence.
- GitLab Inc. (NASDAQ: GTLB): GitLab competes with Atlassian’s Bitbucket in software development tools, offering a comprehensive platform for DevOps and version control.
- Monday.com Ltd. (NASDAQ: MNDY): Monday.com provides a work operating system for team collaboration, project management, and workflow automation, competing with Atlassian’s Jira and Trello.
- Broadcom Inc. (NASDAQ: AVGO): Through its acquisition of CA Technologies, Broadcom offers enterprise software solutions like project management, competing with Jira’s capabilities.
- Zendesk, Inc. (NYSE: ZEN): Zendesk’s customer service and support software competes with Atlassian’s Jira Service Management in providing help desk and IT service solutions.
- IBM Corporation (NYSE: IBM): IBM offers enterprise collaboration and development tools, including its DevOps suite, which rivals Atlassian’s products like Jira and Bitbucket.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
