Atlassian pulls forward IL5 plans: Cantor raises target for Atlassian stock

Published on 10/02/2026 at 05:12 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Cantor raised its target from USD 175.00 to USD 220.00 on September 21, 2026. Atlassian stock closed at EUR 168.70 on September 30, 2026.

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Atlassian (ISIN US0494681010) is pulling its Impact Level 5 authorization submission forward to July 2028, six months earlier than planned, according to Business Wire on September 23, 2026. Cantor Fitzgerald also raised its target from USD 175.00 to USD 220.00 on September 21, 2026, as reported by Investing.com.

Public sector timeline moves forward

Atlassian said the July 2028 submission responds to demand from public sector customers. FedRAMP High authorization submission is planned for January 2029, while the company is designing an air-gapped deployment for workloads requiring complete network isolation, according to Business Wire. The plan also creates a clearer migration path as Atlassian Data Center products reach end of life on March 28, 2029.

The announcement gives the public sector strategy a specific timetable rather than a broad cloud ambition. It also places the July 2028 milestone 18 months before the stated Data Center end-of-life date, leaving a defined transition window for government customers.

Growth supports the higher target

Atlassian's investor-relations site lists USD 6.6 billion in trailing-twelve-month total revenue, 350,000-plus customers and 26 percent trailing-twelve-month revenue growth as of June 30, 2026, according to Atlassian. The combination of scale and growth helps explain why Cantor Fitzgerald cited cloud expansion, artificial intelligence adoption and higher enterprise spending when lifting its target to USD 220.00.

For investors, the key comparison is the gap between the USD 175.00 starting target and the USD 220.00 revised target. Cantor Fitzgerald maintained an Overweight rating, while its revised valuation framework used 6.7 times calendar-year 2027 revenue, below the company's three-year average of 8.3 times, according to Investing.com.

Prior close and market value

At Lang & Schwarz, the prior close was EUR 168.70 on September 30, 2026. Atlassian's market capitalization was USD 49.9 billion on October 1, 2026, and its 52-week range was USD 56.01 to USD 200.00 on the same date.