markets

Luke Kawa1/31/25

Atlassian’s blockbuster earnings are radically altering Wall Street’s outlook for the software company

Shares of Australia-based software company Atlassian are going parabolic in early trading after its quarterly revenues and adjusted earnings per share exceeded every analysts’ estimate.

Management also boosted its revenue and margin outlook for the next two quarters.

“By infusing AI throughout our world-class cloud platform, we’re empowering all teams to accelerate collaboration and unlock organizational knowledge, further enabling them to unleash their full potential,” CEO and cofounder Mike Cannon-Brookes said.

The entire sell side was seemingly taken aback by this operational performance and improved guidance. Now Wall Street analysts are in a mad scramble to revise their price targets for the company higher (see below):

Jefferies: to $400 from $325
Canaccord: to $375 from $285
Morgan Stanley: to $370 from $315
Keybanc: to $365 from $315
Piper Sandler: to $365 from $310
Mizuho: to $355 from $285
Barclays: to $350 from $275
Truist: to $350 from $300
Scotiabank: to $330 from $250
Raymond James: to $330 from $250
Berstein: to $325 from $270
TD: to $320 from $280
Baird: to $320 from $250
Cantor Fitzgerald: to $304 from $264

Shares peaked above $324 in early trading on Friday.

Jefferies: to $400 from $325
Canaccord: to $375 from $285
Morgan Stanley: to $370 from $315
Keybanc: to $365 from $315
Piper Sandler: to $365 from $310
Mizuho: to $355 from $285
Barclays: to $350 from $275
Truist: to $350 from $300
Scotiabank: to $330 from $250
Raymond James: to $330 from $250
Berstein: to $325 from $270
TD: to $320 from $280
Baird: to $320 from $250
Cantor Fitzgerald: to $304 from $264

Shares peaked above $324 in early trading on Friday.

More Markets

See all Markets

Credit markets have a “debt” problem, not a “risk” problem

We’re getting a lot of borrowing, and that borrowing is risk-reducing (for now!)

New York City Architecture And Monuments

Meet the newly public, Bezos-backed company that’s recreating the sun and stars

General Fusion CEO Greg Twinney spoke with Sherwood News from the Nasdaq during the stock’s first day of trading.

Web Summit Vancouver 2026 - Day Three

markets

J. Edward Moreno7/7/26

SpaceX gets a wave of bullish ratings from Wall Street analysts

SpaceX received more than a dozen positive analyst calls on Tuesday — including from major Wall Street banks — as they initiate coverage on Elon Musk’s space and AI company.

SpaceX went public on June 12 at a $2.2 trillion valuation, the largest debut in history. While the company hasn’t yet posted a profit, it seems to have convinced Wall Street that it will get there and grow its valuation on the way.

Of the at least 17 analysts that gave a rating on Tuesday, all but one gave it a “buy” or “outperform” rating. MoffettNathanson was "neutral."

The ratings come as SpaceX joined the Nasdaq 100 index, a benchmark tech-heavy basket of companies that underpins millions of portfolios. The inclusion adds built-in demand for the stock from index funds and ETFs.

Still, SpaceX fell more than 5% on Tuesday amid a broader sell-off, and is currently effectively flat from its opening price of $150 a share.

US job growth falls far short of estimates in June; unemployment rate unexpectedly dips to 4.2%

Job growth was 57,000. Analysts foresaw job growth of 113,000; prediction markets were more optimistic, looking for job growth above 125,000 but below 150,000.

Floridians Seek Employment Opportunities At Job Fair In Sunrise

Meta surges on report it’s starting a cloud business to sell excess AI compute

The story of the hyperscalers in 2026 has largely been “the beatings will continue until the cash flow outlook improves;” this could help change the story for Meta. Or not.

Meta CEO Mark Zuckerberg visits U.S. Capitol for Senate meetings

Latest Stories

Sherwood Media, LLC and Chartr Limited produce fresh and unique perspectives on topical financial news and are fully owned subsidiaries of Robinhood Markets, Inc., and any views expressed here do not necessarily reflect the views of any other Robinhood affiliate, including Robinhood Markets, Inc., Robinhood Financial LLC, Robinhood Securities, LLC, Robinhood Crypto, LLC, Robinhood Money, LLC, Robinhood U.K. Ltd, Robinhood Derivatives, LLC, Robinhood Gold, LLC, Robinhood Asset Management, LLC, Robinhood Credit, Inc., Robinhood Ventures DE, LLC and, where applicable, its managed investment vehicles.

©2026 Sherwood Media, LLC