Atlassian Corp (NASDAQ: TEAM) stock closed at $143.68 on 8/2/24 after a major decline of -17.1%. Moreover, trading volume in this decline was exceptionally high at 452% of normal. The stock has been extremely weak relative to the market over the last nine months and has declined -19.4% during the last week.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, TEAM is expected to continue to be a major Value Builder.
Atlassian has a current Value Trend Rating of F (Lowest Rating). The Value Trend Rating reflects highly consistent signals from PTR’s two proprietary measures of a stock’s attractiveness. Atlassian has a poor Appreciation Score of 27 and a poor Power Rating of 27, producing the Lowest Value Trend Rating.
Rating Review
In light of this highly negative price change we are reviewing our current Overall Rating of F. This review will be completed in the next several days.
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