KeyCorp raises target for Atlassian stock to USD 235 from USD 185

Published on 10/20/2026 at 14:19 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Revenue reached USD 6.6 billion over the trailing twelve months, up 26.00 percent. Atlassian stock costs EUR 193.80 at Lang & Schwarz on October 20, 2026.

Analyst target and operating scale

KeyCorp raised its Atlassian target to USD 235 from USD 185 on October 19, 2026.
Trailing-twelve-month revenue reached USD 6.6 billion, up 26.00 percent as of June 30, 2026.
Atlassian stock trades at EUR 193.80 at 2:10 p.m. CEST at Lang & Schwarz on October 20, 2026.
Atlassian is scheduled to release results on November 5, 2026.
The stock's market capitalization was USD 54.4 billion on October 19, 2026.

TEAM, US0494681010, Illustration mit AI erstellt.

Atlassian (ISIN US0494681010) was trading at EUR 193.80 at Lang & Schwarz on October 20, 2026 at 2:10 p.m. CEST. MarketBeat reported on October 19, 2026 that KeyCorp raised its price target from USD 185.00 to USD 235.00 and kept an Overweight rating.

Why the target changed

The revised target follows a strong latest reported quarter. MarketBeat said Atlassian reported quarterly adjusted earnings per share of USD 1.87 against a USD 1.50 consensus estimate, while revenue reached USD 1.77 billion, up 27.60 percent year over year. The report also identified a USD 1.66 billion revenue estimate for that quarter, giving investors a quantified benchmark for the result.

Atlassian's investor-relations page lists trailing-twelve-month revenue of USD 6.6 billion and growth of 26.00 percent as of June 30, 2026. The page also cites more than 350,000 customers and says more than 85.00 percent of Fortune 500 companies were paying customers at that date, linking the financial performance to a broad enterprise base.

Three recent milestones

On August 7, 2026, Atlassian reported quarterly revenue of USD 1.77 billion and adjusted earnings per share of USD 1.87, according to MarketBeat. On October 13, 2026, Barclays raised its target from USD 172.00 to USD 222.00, also according to MarketBeat. On October 19, 2026, KeyCorp lifted its target from USD 185.00 to USD 235.00.

What comes next

MarketScreener lists November 5, 2026 as the next earnings release date for the first quarter of fiscal 2027. That date gives the market its next scheduled test of the growth figures behind the recent target increases.

Stock valuation in context

Atlassian's primary listing is on the Nasdaq, where the stock was last at USD 214.75 on October 19, 2026 at 4:00 p.m. EDT. Its market capitalization was USD 54.4 billion on that date, while the 52-week range was USD 56.01 to USD 223.70. The latest Nasdaq price was therefore USD 8.95 below the reported 52-week high, leaving execution and the next earnings release as the clearest near-term reference points.

The stock was trading at EUR 193.80 at Lang & Schwarz on October 20, 2026 at 2:10 p.m. CEST. The further course of trading is shown by the continuously updated real-time quote of Atlassian stock.