Stock Rating Upgrade
Reflecting improving fundamentals and high Appreciation Potential, the Value Trend Rating for Atlassian Corp (NASDAQ: TEAM) improved recently. TEAM’s current Value Trend Rating is B and the prior Rating was C. Details supporting this higher rating are included in our next report.
Recent Price Action
Atlassian Corp (NASDAQ: TEAM) stock declined by -4.7% on 3/7/25. The shares closed at $238.86. Moreover, trading volume in this decline was unusually high at 193% of normal. The stock has been exceptionally strong relative to the market over the last nine months but has declined -14.2% during the last week.
Current PriceTarget Research Rating
Atlassian has a current Value Trend Rating of B (Positive). This VT Rating improved in recent days from C previously. 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 30 but a very high Power Rating of 98, leading to the Positive Value Trend Rating.
Be the first to comment