---
title: "Atlassian’s Strong Potential and Attractive Valuation Reinforce Buy Rating Despite Lowered Target Price"
description: "Keith Bachman maintains a Buy rating on Atlassian, citing its attractive valuation and potential for strong quarterly reports to boost share prices. Despite a slowdown in software developer hiring, he"
type: "news"
locale: "en"
url: "https://longbridge.com/en/news/262610447.md"
published_at: "2025-10-24T11:25:43.000Z"
---

# Atlassian’s Strong Potential and Attractive Valuation Reinforce Buy Rating Despite Lowered Target Price

> Keith Bachman maintains a Buy rating on Atlassian, citing its attractive valuation and potential for strong quarterly reports to boost share prices. Despite a slowdown in software developer hiring, he anticipates modestly exceeding top-line metrics. Key strengths include Atlassian's product suite and innovative pricing strategy, leading to a favorable risk/reward setup. The target price was lowered from $200 to $190 due to concerns over developer seat growth. KeyBanc also supports a Buy rating with a $210 target price.

Keith Bachman has given his Buy rating due to a combination of factors including Atlassian’s attractive valuation and the potential for successive strong quarterly reports to drive share prices higher. Despite a slight slowdown in software developer hiring, which is used as a proxy for seat growth, Bachman expects Atlassian to modestly exceed top-line metrics in the upcoming quarter.  
Bachman also highlights Atlassian’s compelling product suite and innovative distribution and pricing strategy as key strengths. These factors contribute to a favorable risk/reward setup, reinforcing the Buy rating despite the lowered target price from $200 to $190 due to investor concerns over developer seat growth.

In another report released yesterday, KeyBanc also maintained a Buy rating on the stock with a $210.00 price target.

### Related Stocks

- [TEAM.US - Atlassian](https://longbridge.com/en/quote/TEAM.US.md)

## Related News & Research

| Title | Description | URL |
|-------|-------------|-----|
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| 18:51 ETINVESTOR ALERT: Pomerantz Law Firm Investigates Claims On Behalf of Investors of Atlassian Corporation - TEAM | Pomerantz Law Firm is investigating claims on behalf of investors of Atlassian Corporation (NASDAQ: TEAM) regarding pote | [Link](https://longbridge.com/en/news/275824582.md) |
| Tech bull Dan Ives says Wall Street's software skepticism is 'the most disconnected call that I've ever seen' | Dan Ives says Wall Street is underestimating software's role in the AI boom, calling the skepticism "disconnected." | [Link](https://longbridge.com/en/news/275554214.md) |
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| Jensen Huang has a warning for investors dumping software stocks | Software stocks have been falling sharply this year, amid concerns that artificial intelligence will cripple their respe | [Link](https://longbridge.com/en/news/275549958.md) |

---

> **Disclaimer**: This article is for reference only and does not constitute any investment advice.