Atlassian stock reports 27.6 percent quarterly revenue growth

Atlassian stock is backed by fiscal fourth-quarter revenue of USD 1.77 billion, a 27.6 percent year-over-year increase for the period ended June 30, 2026. The result placed adjusted earnings per share at USD 1.87, above the USD 1.50 consensus estimate, according to MarketBeat on September 28, 2026.

Analyst target moves higher

Robert W. Baird raised its Atlassian price target from USD 200.00 to USD 245.00 on September 28, 2026, while retaining an Outperform rating, MarketBeat reported. The move followed a quarter in which adjusted EPS exceeded consensus by USD 0.37, giving the target revision a clear earnings reference.

The broader analyst picture is also constructive. MarketBeat listed 25 Buy ratings, four Hold ratings and one Sell rating among 30 analysts, with an average target of USD 191.56 as of September 30, 2026.

AI growth meets a slower outlook

Atlassian's investor-relations page reports USD 6.6 billion in trailing-twelve-month revenue, 26 percent year-over-year growth and more than 350,000 customers as of June 30, 2026. It also states that more than 85 percent of Fortune 500 companies were paying customers at that date, supporting the company's enterprise reach and recurring-revenue model.

The growth profile is not uniform across every metric. Coverage of the fiscal fourth-quarter update said subscription annual recurring revenue rose 23 percent year over year to USD 6.6 billion, while the company expected fiscal 2027 subscription ARR growth to slow relative to fiscal 2026, according to Investing.com on September 9, 2026.

Market value and next date

Atlassian had a market capitalization of USD 47.1 billion and a 52-week trading range of USD 56.01 to USD 200.00 as of September 30, 2026. The company trades on Nasdaq under TEAM, and the next earnings date is October 28, 2026, according to CNN.