Atlassian (TEAM)'s Strong Fundamentals Retains Analyst Confidence

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 (NASDAQ:TEAM), 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 (NASDAQ:TEAM) while reducing its target to $290 from $304.

Citing industry unrest and stressing that Atlassian Corporation (NASDAQ:TEAM)’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 (NASDAQ:TEAM) 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 (NASDAQ:TEAM) 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.

While we acknowledge the potential of TEAM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. READ NEXT: 14 Oversold Value Stocks to Invest in Right Now and Cathie Wood’s 10 Stock Picks with Huge Upside Potential. Disclosure: None.  Follow Insider Monkey on Google News.