BofA raises Atlassian target while keeping Buy rating for Atlassian stock

Published on 10/25/2026 at 13:22 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

BofA lifted the target from USD 210.00 to USD 252.00 on October 23, 2026. Atlassian stock has results scheduled for November 5, 2026.

Analyst targets shape the setup

BofA raised its Atlassian target to USD 252.00 on October 23, 2026.
Oppenheimer lifted its target to USD 275.00 on October 22, 2026.
Trailing-twelve-month revenue reached USD 6.6 billion, up 26.00 percent.
Atlassian plans to release first-quarter results on November 5, 2026.

TEAM, US0494681010, Illustration mit AI erstellt.

Atlassian Corporation (ISIN US0494681010) drew a fresh target increase from BofA, which lifted its price objective from USD 210.00 to USD 252.00 on October 23, 2026, while keeping a Buy rating, according to Markets Insider. The move keeps analyst expectations above the Nasdaq close of USD 227.61 from October 23, 2026.

Analyst targets move higher

The latest target action extends a broader sequence of upward revisions ahead of Atlassian's first-quarter fiscal 2027 report. Markets Insider reported on October 22, 2026, that Oppenheimer raised its target from USD 200.00 to USD 275.00 and maintained an Outperform rating. The firm cited steady seat growth and data-center migration activity as potential support for revenue above consensus.

What does the next quarter test?

The operating backdrop gives the target revisions a measurable base. Atlassian's investor-relations page reports trailing-twelve-month revenue of USD 6.6 billion as of June 30, 2026, up 26.00 percent year over year, while the company serves more than 300,000 organizations. That combination makes cloud adoption, seat expansion and monetization of artificial-intelligence features central metrics for the next report.

Seeking Alpha said on October 22, 2026, that Oppenheimer expected September-quarter revenue of USD 1.783 billion, 3.00 percent to 5.00 percent above consensus, with cloud growth and cross-selling as key drivers. The same report states that Atlassian plans to release its first-quarter results after the market closes on November 5, 2026.

Three target changes set the sequence

The recent chronology shows how expectations have moved. On October 12, 2026, RBC Capital Markets raised its target from USD 215.00 to USD 235.00, as reported by MarketBeat; on October 22, Oppenheimer moved from USD 200.00 to USD 275.00; on October 23, BofA moved from USD 210.00 to USD 252.00. The revisions point to a market debate centered on execution rather than a single product announcement.

Nasdaq close offers a dated anchor

On Nasdaq, Atlassian closed at USD 227.61 on October 23, 2026, at 4:00 p.m. ET. The further course of trading is shown by the continuously updated real-time quote of Atlassian stock.