Coverage
— → Added to coverage
Investment conviction●●●○○3 of 5
Research target$218.76Stock price target
Investment thesis statusINTACTLast reviewed 7/22/26
Market cap$22.99BSnapshot value
Research history
See all TEAM changes ↗What changed
Atlassian's Jira, Confluence, and Bitbucket are the de facto standard for enterprise DevOps and collaboration. The cloud migration from server/data-center licenses creates a multi-year revenue tailwind. Atlassian's flywheel is that the more teams use Jira, the more plugins and integrations the marketplace attracts.
Cloud migration completing in CY2026 — remaining on-prem data center conversions Atlassian Intelligence AI features driving premium tier attach rates Q4 FY26 earnings — cloud revenue growth acceleration
needs primary source validation — pending deep-dive research. Placeholder: (1) thesis chain breaks on primary-source evidence, (2) named revenue/customer concentration risk, (3) margin compression or competitive displacement
research_only - seeded from company_layer_membership
Snapshot · 7/22/26🟡 Mixed · ins-$1.8M · 13F 20+/5-×0.0 · short↑0.3
Snapshot · 7/22/26