Full Company Name: Atlassian Corporation Plc
NASDAQ Ticker: TEAM
Current Price: $185.60
Entry Point: $187.50
Target Price: $201.50
Projected Yield: 7.6%
Time Line: 1 to 3 months
Atlassian is an Australian company that provides software development management solutions. Jira, a bug tracking system, and Confluence and Trello, tools for teamwork, are the best known products of Atlassian.
What's the Idea?
After the news, the stock approached the entry point at $187.50, with around 8% yield potential.
● Alex Kurz at KeyBanc raised the target price from $163 to $201 due to the "high confidence" for teamwork software industry.
● There have been much more effort on digitalization because of the pandemic.
● With the home office trend continuing, new companies getting benefits from the work from home conditions are emerging.
How to Buy Atlassian Corporation Stock
There are two ways to do that:
Freedom24 Web Platform: Go to the Web Terminal Section, type Atlassian Corporation or TEAM (Atlassian NASDAQ ticker) in the search box, and select TEAM.US in the results. Open a secure session in the trading window on the right, select the number of shares you want to buy, and click Buy.
Freedom24 iPhone App: Go to the Price screen and tab the search icon in the top right corner. In the search box that shows up, type Atlassian Corporation or TEAM (Atlassian NASDAQ ticker) and select TEAM.US in the results. You will then see Atlassian stock in the market watch; tap it and go to the Order tab in the dialog that shows up. Specify the number of shares you want to buy and click Buy.
Atlassian Corporation is trading in the NASDAQ, a US stock exchange, which means you need US dollars to buy it. If your account currency is different, you need to convert your funds to USD. To do so, go to Web Platform > Account Balance in the trading platform, or select My Portfolio > Free Margin in your Member Area. Then, click the Convert green button near the USD box, specify the amount, and confirm your transaction. You can find more on converting currencies through Freedom24 web platform here.
You can also convert euros to US dollars via the Freedom24 app: go to Portfolio, select Currency Exchange, specify the amount, and confirm your transaction.
Buy Atlassian Corporation
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