Down 66% in 2022, Is Atlassian Stock a Buy for 2023?

By Parkev Tatevosian, CFA – Jan 6, 2023 at 7:22AM

NASDAQ: TEAM

Atlassian

Market Cap

$51B

Today's Change

(-0.30%) -$0.60

Current Price

$198.41

Price as of April 25, 2024, 4:00 p.m. ET

A stock price decrease alone does not mean that a stock is cheap.

In this video, I will look at several key metrics to determine if Atlassian (TEAM -0.30%) stock is a buy for 2023 and beyond.

*Stock prices used were the afternoon prices of Jan. 3, 2023. The video was published on Jan. 5, 2023.

Parkev Tatevosian, CFA has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Atlassian. The Motley Fool has a disclosure policy. Parkev Tatevosian is an affiliate of The Motley Fool and may be compensated for promoting its services. If you choose to subscribe through fool.com/parkev, he will earn some extra money that supports his channel. His opinions remain his own and are unaffected by The Motley Fool.