Atlassian Corporation (NASDAQ:TEAM) is one of the 12 Best Beaten Down Technology Stocks to Buy According to Wall Street Analysts.
As of February 18, 2026, about 80% of analysts remain bullish on Atlassian Corporation, with a consensus target of $150, implying an 80.33% upside.
On February 6, 2026, Bernstein noted a robust Q2 performance and durability amid generative AI narratives. While doing so, the firm reiterated an Outperform rating on Atlassian Corporation while reducing its target to $290 from $304.
Citing industry unrest and stressing that Atlassian Corporation’s fundamentals are still strong, Citi also reiterated its Buy rating on February 9, 2026, and lowered its target from $210 to $160.
Moreover, on February 5, 2026, Atlassian Corporation released its Q2 FY26 results, which reaffirmed analyst optimism. Marking $1.1 billion in cloud revenue and its first quarter with $1 billion or more, total revenue increased 23% year-over-year to $1.6 billion. For the third consecutive quarter, cloud net revenue retention surpassed 120%, and RPO increased 44% year-over-year to $3.8 billion.
With 600+ $1 million+ ARR customers (+40% YoY) and Teamwork Collection surpassing 1 million seats, enterprise momentum remained strong. Atlassian’s management placed a strong emphasis on opportunistic share buybacks supported by healthy free cash flow, AI-driven adoption, and disciplined growth.
Atlassian Corporation develops productivity and team collaboration software, including Jira, Confluence, and Jira Service Management, that support cloud adoption, enterprise workflows, and AI-powered solutions for more than 350,000 clients worldwide.
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