Is Atlassian Stock a Good Long-Term Investment?
Since its 2015 debut, tech firm (NASDAQ: TEAM) has found success selling its team collaboration and project management software. The company's stock has also seen its share of success, going from an IPO price of $21 per share to as high as $458 a share in late 2021 (a 22x increase). It currently trades around $188 (a 9x increase).
Atlassian stock slumped over the past 20 months or so on concerns about further interest rate hikes. This price drop has some investors wondering if Atlassian stock has run its course. Atlassian management's stated goal is "to build a company that thrives over the next 100+ years." If Atlassian can achieve that objective, its stock could make for an excellent long-term investment.
Let's dig into the company's financials to see if it makes sense to pick up shares while they trade at a significant discount.
Source Fool.com
Atlassian Corp. Stock
The community is currently still undecided about Atlassian Corp. with 1 Buy predictions and 0 Sell predictions.
With a target price of 195 € there is a positive potential of 32.47% for Atlassian Corp. compared to the current price of 147.2 €.
