Stock Rating Downgrade
Reflecting eroding fundamentals and low Appreciation Potential, the Value Trend Rating for Atlassian Corp (NASDAQ: TEAM) weakened recently. TEAM’s current Value Trend Rating is C and the prior Rating was B. Details supporting this lower rating are included in our next report.
Recent Price Action
On 1/10/25, Atlassian Corp (NASDAQ: TEAM) stock declined slightly by -0.9%, closing at $242.39. Trading volume in this decline was normal. Relative to the market the stock has been exceptionally strong over the last nine months but is unchanged during the last week.
Current PriceTarget Research Rating
Atlassian has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects very contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Atlassian has a poor Appreciation Score of 22 but a very high Power Rating of 89, and the Neutral Value Trend Rating results.
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