A Seeking Alpha analyst upgraded Atlassian (TEAM) to a "Strong Buy" rating on February 19, 2026. The analyst attributes recent stock declines to market sentiment rather than fundamental performance.
The report cites accelerating revenue growth. Remaining performance obligations (RPO) also surged.
Gross margins remain in the upper 80s. Pro forma operating margins are rising.
The upgrade identifies the current valuation as a compelling entry point. Enterprise sales momentum included a record number of large customer deals last quarter.