Why did the Atlassian share price fall after earnings?

Investors focused on the timing of AI monetisation and the pace of cloud migration, not just the reported numbers. With uncertainty on when AI features will boost revenue, sentiment turned risk‑off. Technicals also worsened, with price below key moving averages and several momentum indicators showing oversold conditions.

Is TEAM stock a buy after the AI selloff?

It depends on your horizon and risk tolerance. Wall Street leans Buy (18 Buys, 2 Holds), but some models flag caution. Consider staged buys near support, firm stop‑losses, and monitor AI attach rates, cloud growth, and free cash flow. If execution improves, the risk‑reward could turn more attractive.

What levels should traders watch on Atlassian now?

Near‑term support sits around US$100.92 and the 52‑week low at US$97.93. Resistance is the 50‑day average near US$146.61, with the 200‑day around US$174.85. Oversold readings can spark bounces, but trend strength is weak. Use limit orders and reassess if price closes below support on heavy volume.

How can Australians reduce currency risk when buying Atlassian?

Consider funding a USD wallet, using brokers with competitive FX rates, or hedging AUD/USD with forwards or ETFs. Keep position sizes modest to allow for currency swings. Track US macro events and the Australian dollar, since both can move the Atlassian share price in local terms even without company news.

Global Market Insights

TEAM Stock Today, February 6: AI Jitters Sink Atlassian After Earnings

ByHuzaifa Zahoor February 6, 2026February 6, 2026

The Atlassian share price fell on 6 February as investors questioned the company’s AI monetisation path following Atlassian earnings. Traders in TEAM stock focused on when AI features will drive revenue and how fast cloud migration can lift growth. The move came despite co‑founder Mike Cannon‑Brookes defending the strategy. For Australian investors, the AI selloff has turned attention to valuation, technical signals, and risk controls when buying a US‑listed name in a volatile tape.