I think we're in agreement here then, the valuations follow the fact that these ...

dalbasal · on June 30, 2022

Sure, they have. So, they certainly can. The question for Atlassian is how fast.

20-30% doesn't get you to a justification for Atlassian's peak value. It doesn't inspire "the next Microsoft" vibes.

Maybe after 10-15 years of growth at this rate, it would... but the market's not paying these prices for that.

Atlassian becomes an acquisition target if stock prices reflect a 20% rate of growth.

vladich · on July 1, 2022

Since founders hold ~90% voting power combined, no, it's not gonna become an acquisition target.